Chidambaram vows to get manufacturing out of slide
Vowing to get manufacturing and economy out of the downturn, Finance Minister P Chidambaram said key infrastructure projects facing delays have been identified and will be cleared in the next few weeks.
However, he admitted that there was no quick-fixes to economic problems, and the Government is working to stabilise the economy which may take time.
"Manufacturing is not picking up because demand is sluggish. Demand for cars, two-wheelers, white goods is sluggish. Consumer non-durables, the growth is over 12%. It is the consumer durable which is sluggish and in negative growth," Chidambaram said. Read More