Rising GDP

Mumbai, Feb 27 (UNI) Indian Merchants Chamber (IMC) has strongly endorsed the statement made by Union Finance Minister P Chidambaram after tabling the Economic Survey in the Lok Sabha.

The government is determined to maintain the present rate of high momentum of GDP and GDI (Gross Domestic Investment), while simultaneously addressing the issue of inflation through supply side management, the Chamber said in a release issued here today. IMC President Nayan Patel said India can look forward to another year of high growth, as it will be able to reach the growth targets even at the start of the 11th Five-Year plans. He agreed with the survey's observation that inclusive growth didn't necessarily mean low growth.

He expressed his happiness over infrastructure sector recording a high rate of growth and thus attracting huge inflow of foreign funds.

UNI