Home / Markets
Friday, March 12, 2010
India Finance Minister: Growth Not Driven Only By Government Spending
By Mukesh Jagota
Dow Jones Newswires
NEW DELHI -(Dow Jones)- The rebound in India's economic growth is not solely driven by higher government spending and the government has taken steps to cool off prices, Finance Minister Pranab Mukherjee said Friday.
"We have taken steps to ease supply bottlenecks," Mukherjee said in the lower house of parliament.
India's factory output has surged in recent months, suggesting a brisk turnaround, but inflationary pressure--led by high food prices--has also gripped the economy, raising concerns that aggressive policy tightening may derail growth.
Copyright © 2009 Dow Jones Newswires
Fox Business Video
-
-
Summer Movies Full of Remakes,...
-
Jul 30, 2010
'Inception' the summer movie exception
-
-
-
NY Jets Owner Shows Off New Me...
-
Jul 30, 2010
New Meadowlands Stadium to host 2014 Super Bowl
-
-
-
Taxpayers Get the Squeeze From...
-
Jul 30, 2010
Kicking Off
-
-
-
Obama Takes Victory Lap for Au...
-
Jul 30, 2010
Cavuto's Capper
-
-
-
Gov't Memo Proposes Amnesty fo...
-
Jul 30, 2010
Debate heats up on illegal immigration
-