FINANCE MINISTER – UNION OF INDIA says: -

QUOTE: -TODAY I CAN SAY WITH CONFIDENCE THAT WE HAVE WEATHERED THE CRISES WELL. INDIAN ECONOMY NOW IS IN A FAR BETTER POSITION THAN IT WAS A YEAR AGO. THAT IS NOT TO SAY THAT THE CHALLENGES TODAY ARE ANY LESS THAN WHAT THEY WERE NINE MONTHS AGO WHEN UPA UNDER THE LEADERSHIP OF MRS. SONIA GANDHI WAS ELECTED BACK TO POWER AND PRIME MINISTER DR. MANMOHAN SINGH FORMED THE GOVERNMENT FOR THE SECOND TIME. THE THREE CHALLENGES AND THE MEDIUM TERM PERSPECTIVE THAT I HAD OUTLINES IN MY LAST BUDGET SPEECH REMAIN RELEVANT, EVEN TODAY. THESE WOULD CONTINUE TO ENGAGE THE INDIAN POLICY-PLANNERS FOR THE NEXT FEW YEARS. THE FIRST CHALLENGE BEFORE US IS TO QUICKLY REVERT TO THE HIGH GDP GROWTH PATH OF 9 PER CENT AND THEN FIND THE MEANS TO CROSS THE DOUBLE DIGIT GROWTH BARRIER.THIS CALLS FOR IMPARTING A FRESH MOMENTUM TO THE IMPRESSIVE RECOVERY IN GROWTH WITNESSED IN THE PAST FEW MONTHS. IN THIS ENDEAVOUR, I SEEK LORD INDIRA’s HELP TO MAKE THE RECOVERY MORE BROAD-BASED IN THE COMING MONTHS. = UNQUOTE.

[for full text of the FM speech, please visit  http://www.taxesinindia.com  ]

FINANCE MINISTER SPEECH

VENKATRAMAN RAGGHUPATHY, Web admin.

FINANCE MINISTER SPEECH challenges, double digit growth, GDP, INDAN ECONOMY, Indian Policy