Sign In / Register
Make This My Home Page | Feedback |RSS
You are here: IE »   Story

Govt to continue fiscal stimulus: FM

  • Print
  • Mail This Article
  • Comments
  • Add to favorites
  • Pranab Mukherjee
    FM said the government will continue to provide fiscal stimulus to boost domestic demand.

    Finance Minister Pranab Mukherjee said the government will continue to provide fiscal stimulus to boost domestic demand until robust recovery is seen in the developed economies.

    "There is need of generating strong domestic demand till robust recovery takes place all over the world, particularly the developed economies", he said at the India Economic Summit.

    The minister was also hopeful that economic growth would touch 9-10 per cent towards close of the 11th Five-Year Plan ending 2012.

    As Europe, North America and Japan account for more than 60 per cent of Indian exports, he said, it would not be easy to make for the loss in exports to these destinations.

    India's exports, which account for about 17 per cent of the Gross Domestic Product (GDP), have been declining for the last one year.

    Prime Minister Manmohan Singh had said on Sunday that the government would take appropriate steps for winding down the series of stimulus packages next year.

    Ads by Google

    Encashment of NSCsBy: KV SURYANARAYANAN | 10-Nov-2009 Reply | Forward Through the hospitality of THE FINANCIAL EXPRESS, I request the Union Finance Minister to permit people to encash their National Savings Certificates (NSCs) at post office prematurely. This will help the middle classes to find some means to meet their various expenses, viz. medical expenses, payment of tuition fee for children's education, repair of houses, etc.
    Post a Comment
    Name:
    Email:
    Title:
    Maximum characters allowed     
    Comment:
    TERMS OF USE:
    The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).
    I agree to the terms of use.