labels: economy - general, economic survey 2007
High growth without stoking inflation promises Chidambaramnews
27 February 2007

New Delhi: Finance minister P Chidambaram today hinted at more steps to control inflation, saying the government would strive for high and inclusive economic growth saying that he preferred a multi-pronged, multi-sectoral approach to growth. . After tabling the economic survey for 2006-07 in Parliament he told reporters that the outlook on the Indian economy remained positive and the government would strive to sustain high growth without stoking inflation.

Chidambaram, who present the Union Budget for 2007-08 tomorrow, said, that the government would continue to take steps to curb inflation. "We share the concern (of common man) on the price rise," he emphasised.

The finance minister reiterated that the economy is likely to reach the growth domestic investment target at the start of the 11th 5-year plan. He stated that there should be sustainable high growth without fuelling inflation and highlighted that the nature of growth was important.

He said the priority areas included how to maintain and manage high economic growth. "Fiscal prudence and high investment remain a priority," he emphasised, adding, "Steps would also be taken to achieve inclusive growth, which include making government interventions effective."


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High growth without stoking inflation promises Chidambaram