Jul 27, 2013, 04.42 PM IST
Finance Minister P Chidambaram said that India continued to be the second fastest growing economy in the world after China.
"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.
Also read: Govt to focus on projects where DBT is doable: Chidambaram
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.
Video of the day
Dec 11 2013, 09:54
- in Business
Dec 4 2013, 11:08
- in FII View
Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.