Chidambaram assures 10% GDP growth soon

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Bangalore, Aug 8 (UNI) Union Finance Minister P Chidambaram today said he was sure that the country would achieve 10 per cent GDP growth shortly.

Speaking at a function here, he said he was disappointed for not achieving 10 per cent GDP growth during his four-year tenure.

Mr Chidambaram said he was for Public-Private Partnership (PPP) model to achieve desired growth in the country, and was concentrating in that direction.

Defending the Centre's loan waiver scheme to the tune of Rs 66,000 crore, he said agriculture was the most neglected sector all these years. The scheme was to attract the farmers to the field instead of migrating to urban areas, he added.

When asked why his party was not implementing policies for overall economic development of the country, Mr Chidambaram said ''Indian polity is fractured and the government is more fractured.

If people had given full majority to any one party, the things would not have been what they are now. With only 153 seats, how can you expect to implement major policies.'' Mr Chidambaram said the country was facing severe inflation due to hike in global crude oil prices.


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