Finance Minister P Chidambaram speaking on the effect of the current global crisis on India said that there have been recessions in the past but added that the current recession threatens to last longer and deeper than before. He said that India does not have a problem but is bearing the brunt of the spillover of this global recession.
Chidambaram said that 60-65% of India’s workforce depends on agriculture and he expects a bumper crop this year and feels it will continue to grow at a robust space.
Chidambaram is confident that India will see a good growth rate at the end of this year and said that his lowest estimate of GDP is 7%
Rupesh Yatesh Dalal
Marketcalls
Rupesh Yatesh Dalal
Marketcalls
