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17 Jan 2008

Free Indian Economy Update

1. India is likely7 to see a growth of 8.9% for year 2007-2008 and the services sector is likely to see a growth of 10.3%.

2. Finance Minister P Chidambaram has stated that the country's first priority is to maintain high growth for the next 10-15 years and the same can enable the country to wipe out poverty.


3. He further stated that since 2004 auto sector has created number of jobs and presently government has allocated Rs 280 billion for education.

4. He is of the view that investment and consumption are the drivers for growth, he adds.
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