India Can Aim To Grow By Over 9%: FM

Amid growing concerns of a possible impact of US slowdown on Indian economy, Finance Minister P Chidambaram has said that through fiscal prudence, high domestic savings and investment, the country could aim to grow at over 9 per cent. We have to do continue fiscal prudence and ensure that people save and invest and there is enabling environment for investors, both domestic and foreign, Chidambaram said. He also said that the country would have to ensure that these investments are made widely, managed wisely, so that they give a return. If these principles are observed, I do not think it is difficult in India to sustain a growth of no less than 8 per cent, pushing 9 per cent, and aiming to go beyond.