FM emphasises commitment to restore India’s economic growth

Friday, January 04, 2013
Chidambaram holds pre-Budget consultations with
the Social Sector related Group in New Delhi 
New Delhi: Indian Finance Minister P Chidambaram today emphasised government’s commitment to restore country’s economy back on the path of higher growth.

Making opening remarks during his third pre-budget consultation meeting with Social Sector related Groups, Chidambaram said that higher growth in economy gives an opportunity to the government to roll out development programmes for different sections of society especially for neglected and poor sections of society.

In this regard he specifically mentioned about MGNERGA, National Rural Health Mission, Prime Minister’s Gramin Sadak Yojana and Prime Minister’s New 15 Point Programme for Minorities among others.

“Our every action should lead to restoration of Indian economy back to the path of higher growth,” the minister asserted.

He further said, “Though the year just passed by was difficult one, but we have come out from that phase and the focus in next year would be on higher growth.”

"Global economy was passing through a critical phase and we can’t remain unaffected and this was visible through decline in exports, slowdown in investment, high inflation and problem of restoring fiscal health of the country," he added.

Chidambaram hoped that by the end of fiscal year, “some good results will be seen in the economy.”
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