India Sees 10 Percent Economic Growth if Farm Output Recovers

posted by   kswamy (292)   15 months ago (www.forbes.com)

India’s economy could touch annual growth of 10 percent in the financial year beginning April 2008, provided its ailing farm sector picks up. ‘Achieving a 10 percent growth in 2007-2008 (April-March) is tough, but it is possible in 2008-2009,Finance Minister Palaniappan Chidambaram told economists at a function in New Delhi on Tuesday. ‘That will be a fitting finale for the government’s five-year tenure,’ Chidambaram said, adding the target could be achieved only if India increased farm output.