Friday 24 August 2012

Chidambaram's challenge

Financial Express, 23 August 2012

Reviving investment is critical to getting GDP back on track, but that is a deep-rooted problem

Finance minister P Chidambaram's biggest challenge will be how to revive growth and investment in the economy. Investment data suggests that the problem is deep rooted. Looking forward, announcements of infrastructure projects, where the interaction between government policies and investment is the highest, has seen a sharp decline in recent quarters. Reviving sentiments, fast-tracking government projects and implementing policies to encourage private investment is the only way the government can prevent growth from slipping further. Read more...

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