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Growth to pick up, room for more FDI: Chidambaram

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India’s economy is capable of absorbing $50 billion in foreign direct investment per year, Finance Minister P. Chidambaram said, adding that the government is committed to reforms to tackle a large current account deficit.

 

Addressing a news conference during a visit to Tokyo promoting India as investment destination, Chidambaram also reiterated that growth in Asia’s third-largest economy was expected to accelerate in the current fiscal year to March 2014.

 

“FDI flows into India are quite positive… think we can absorb, easily absorb $50 billion of FDI every year into India,” said Chidambaram. Read More

  1. Finance Conference in India Reply

    April 2, 2013 at 1:12 pm

    Our finance minister is so proud to say that India’s economy is stable. But why it is not always reflecting when we go on a drive along a national highway?

    But I think if our government works more closely with financial experts and prepare a blue print of India’s financial growth. What I would suggest that open forums should be organized to get views from experts across various industries which will help our honorable finance minister to chalk out the best possible investment plan.

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