See pvt investment driving growth to 9% in FY12: FM
Published on Mon, Mar 15, 2010 at 19:18 | Source : CNBC-TV18
Updated at Mon, Mar 15, 2010 at 19:35
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See pvt investment driving growth to 9% in FY12: FM
India will have to deal with high inflation for some more time, said Finance Minister Pranab Mukherjee at a seminar on Managing India. "Inflationary pressure on food items has gone down."
India will have to deal with high inflation for some more time, said Finance Minister Pranab Mukherjee at a seminar on Managing India. "Inflationary pressure on food items has gone down."
Wholesale Price Index (WPI) inflation for February came in higher than expected at 9.89% versus 8.56%. Food inflation continues to tick at a high of 17.79%. While the primary articles index reamins unchanged, the manufacturing index has moved up marginally. The fuel group index has also seen a rise of has 1.5% on a month-on-month basis.
He promised to wound down some of the government's austerity measures this fiscal.
Mukherjee expects significant private investment to drive growth to 9% in FY12. He also allayed fears on the Direct Tax code and said all concerns would be addressed.
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