Live! FM on economy: No reason for excessive or unwarranted pessimism
August 22, 2013 17:16
Finance Minister P Chidambaram on the continuing pressure faced by the Indian economy and the depreciating rupee.
He said India is better placed than other nations. "All emerging market economies appear to be affected by currency volatility, but there is no reason for excessive or unwarranted pessimism," he said.
The FM reaffirmed his commitment to contain fiscal deficit at 4.8
pc of GDP and CAD at USD 70 billion in 2013-14. "The government and RBI will not impose any capital controls," he said.
He said India is better placed than other nations. "All emerging market economies appear to be affected by currency volatility, but there is no reason for excessive or unwarranted pessimism," he said.
The FM reaffirmed his commitment to contain fiscal deficit at 4.8
pc of GDP and CAD at USD 70 billion in 2013-14. "The government and RBI will not impose any capital controls," he said.
TOP STORIES
© 2024 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Feedback - About us - Terms of use - Grievances