Finance Minister P Chidambaram said that India continued to be the second fastest growing economy in the world after China.
Noting that India continued to be the second fastest growing economy in the world after China, Finance Minister P Chidambaram today said people should not be worried about the current slow down and expressed hope of achieving six per cent growth this fiscal.
"People should remember India continues to be the second fastest growing economy after China. Even China's growth which was at 10 per cent has come down to seven per cent now, while our growth has slid to five per cent from nine per cent," he said at a bank function here.
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Many countries including Mexico Brazil were behind India, he said.
Chidambaram also said plans were on to open 8,000 new bank branches this year. This would create 50,000 jobs and would also help the economy to grow.
Earlier, Indian Bank Chairman and Managing Director T M Bhasin welcomed the Minister and other participants.
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