India to grow by 6%: FM

Kolkata
Sept. 23: The Indian economy is on a recovery path and the GDP growth of the country will be over six per cent at the end of this current fiscal, the Union finance minister, Mr Pranab Mukherjee, said on Wednesday.
He also made it clear that the stimulus package, which was introduced in the last fiscal to boost the Indian economy in the wake of global recession would continue till the world economy is stabilised.
Addressing the 155th annual general meeting (AGM) of the Bengal Chamber of Commerce and Industry, Mr Mukherjee said, “In the first quarter, the GDP growth stood at 6.1 per cent, while in the second quarter, we feel it would be a little better. If the present trend continues and improvement comes from third and fourth quarter, we hope that we will achieve a GDP growth to the tune of 6.5 per cent to 6.7 per cent for this fiscal.”
When asked on the timeline for the ongoing stimulus package, he said, “In the last meeting of the finance ministers of G-20 countries, we arrived at a decision against recommending exit strategy to the leaders who are assembling on September 24 and 25. We should wait for that till recovery in the world economy is more stable.”
Mr Mukherjee also informed that the Insurance Amendment Bill will be introduced in the next session of the Parliament after consultation with the political allies and other stake holders.