Domestic economy will be stimulated: FM

New Delhi, Nov 18: While the rest of the world is facing the effects of global economic crisis, India is already on its toes to overcome the crisis. Finance minister P Chidambaram said on Tuesday, Nov 18 the government would take steps to stimulate the economy and the rupee would strengthen again once capital starts flowing in. "We will take steps to stimulate the domestic economy to compensate for the downside caused by the downturn in the world economy," he told the World Economic Forum's India Summit.

Chidambaram added the country could miss its annual export target of $200 billion for this fiscal year as the slowdown in developed nations has trimmed overseas demand.

OneIndia News