Financial Daily from THE HINDU group of publications
Wednesday, Oct 26, 2005
Financial Daily from THE HINDU group of publications Wednesday, Oct 26, 2005 |
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Credit Policy Industry & Economy - Economy `Indications of an investment boom' Our Bureau
Mr P. Chidambaram
New Delhi , Oct. 25 THE Finance Minister, Mr P. Chidambaram, on Tuesday said that there were indications of an "investment boom" in the country on the back of a buoyant economy. "There are indications of an investment boom supported by buoyant growth in credit as well as equity finance," Mr Chidambaram said, while reacting to the RBI's mid-term review of the credit policy. The Finance Minister also said that the Government and RBI would undertake measures to keep inflation under control. "To contain the upside risk to price stability, strong vigil is being maintained by both the Government and the RBI," Mr Chidambaram said. He described the RBI decision to hike the repo and reverse repo rates by 25 basis points as "a measured step towards moderate monetary tightening."
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