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India's Stimulus Measures To Be Continued Till Recovery Of Advanced Economies : FM 10 days ago
(RTTNews) - India will provide stimulus measures till robust recovery is witnessed by developed economies, report the media, quoting Finance Minister Pranab Mukherjee.
Addressing the India Economic Summit at New Delhi on November 10, he said that there exists a need to raise the domestic demand until developed economies had recovered. He hoped that the economy would grow 9%-10% by the end of the eleventh five-year plan,2012.
Mukherjee said that Europe, North America and Japan accounted for more than 60% of India's exports, and it was not easy to make good the loss of exports to these markets. Exports that constitute 17% of the GDP have been declining for the past one year.
Prime Minister Manmohan Singh said on Sunday at the same venue that the stimulus measures would be wound up next year.
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