Govt to take steps to revive the economy: FM

India Infoline News Service | Mumbai |

Earlier government has taken measures, including opening up of FDI in multi-brand retail and hiking foreign investment cap in the aviation sector.

Finance Minister P Chidambaram has reportedly said that the government will take steps to revive the economy  in the next few weeks

Addressing the 'Delhi Economics Conclave, FM said "It is too early to say whether the measures have begun to bear fruit, although it is our expectation that they will do so."

Earlier government has taken measures, including opening up of FDI in multi-brand retail and hiking foreign investment cap in the aviation sector.

The annual rate of inflation, based on monthly WPI, stood at 7.24% (Provisional) for the month of November, 2012 (over November, 2011) as compared to 7.45% (Provisional) for the previous month and 9.46% during the corresponding month of the previous year.

The economic growth in the first half of the fiscal fell to 5.4%, against 7.3 per cent in the corresponding period a year ago, report says.

 

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