Article;
8 percent growth target for 12th plan an ambitous one : Prime Minister
Comment;
If China can grow 8% amid all the crises in the trading regions like the US and Europe India too can achieve 7-7.5% if it goes for domestic demand. China’s dependency on exports for growth is well known and is also advised to concentrate on domestic demand. In India the Reserve Bank of India has subdued the demand for investment by not lowering the key interest rates. And the day repo rates will go down investment economic activity and growth rates will pick-up. We can easily expect the growth rate for Indian economy at 7.5-8% if inflation and repo-rates come down. I can easily remember how fast the growth picked up back in 2008 when the economy received high doses of fiscal and monetary stimuli due to sub-prime crisis in the US. I do not think we need to worry too much about growth …
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