Chidambaram confident of growth recovery

  • HT Correspondent, Hindustan Times, New Delhi
  • |
  • Updated: Mar 15, 2013 03:03 IST

Replying to the debate on budget in Lok Sabha, finance minister P Chidambaram expressed confidence that the country would bounce back to 7% growth in two years.

“We should not lose heart; we should not lose faith just because growth has become 5 or 5.5%. A 5% should not demoralise us. With your support, we will recover. We will have over 6% (in 2013-14) and next year we will go back to 7% or more,” the minister said.

The Central Statistical Organisation estimates the economic growth will slip to a decade’s low of 5% in 2012-13.

Chidambaram later stressed on the budget’s focus on the government’s core constituency — woman, youth and the poor whom he said cut across religion, caste and community.

Chidambaram also made assurances on the Food Security Bill.

“The bill is a promise. As the finance minister, I promise money would be made available,” he said.

The House later passed the relevant appropriation bills by voice vote thus completing first stage of the budgetary exercise.

 

also read

Stephens molestation: Thampu says it wasn't for him to go to cops

blog comments powered by Disqus