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Industry & Economy - Economy


Assocham expresses optimism growth forecast

Our Bureau

New Delhi , Dec. 13

THE President of the Associated Chambers of Commerce and Industry of India (Assocham), Mr Mahendra K. Sanghi, has supported the Finance Minister, Mr P. Chidambaram, on his projections for the expected growth rate that the economy will register by the end of current fiscal.

In a statement, Mr Sanghi has said that Assocham has already made its estimated projections for the GDP growth for the Indian economy at the rate of 6.5 per cent by the end of 2004-05.

Mr Sanghi expressed optimism by saying that the economy is showing positive signals for attracting investments as the Government is working very hard to replace the stringent laws with moderate ones which will provide the required impetus and momentum for the economic growth of the country.

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