Comments
India has all what it takes to grow at 5-6 per cent for the next several years. Thanks to its land mass, untapped resources, large young population with high aspirations that demand goods and services and entrepreneur class, the Indian economy has the potential to grow at this rate, “regardless of any government and ministers”, said Union Finance Minister P. Chidambaram.
Giving away the Shriram Sanlam awards for ‘Excellence in Financial Journalism’, at a function organised by the Shriram Group, here today, he said however, good and effective governance would help increasing the growth rate to 8-9 per cent. On top of it, Indians have a set of values, though it may appear to be eroded from time to time, and their nature to work hard, would facilitate this growth, he added.
This growth cannot be stopped for the next 30-40 years. It will grow just like the way China will, and no one can underestimate its growth potential. “All we need to do is to ensure money and time are being used effectively and projects are expedited,” he said.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.