|
|
President roots for lower, acceptable, stable interest rate
|
|
|
|
Top Stories |
|
|
|
|
SME Times News Bureau | 21 Jan, 2017
President Pranab Mukherjee on Friday pitched for a lower, acceptable and
stable interest rate, saying it will encourage investors to put their
money in India.
Addressing the Bengal Global Business Summit, the
President said all important macro-economic parameters were strong -
high growth, prudent fiscal management, investor friendly policies and
under control inflation.
"And I have no doubt all the parameters
and studies suggest that there should be lower, acceptable and stable
interest rate, which will no doubt encourage the prospective investors
to invest in India," Mukherjee said after inaugurating the two-day
business meet here.
The President iterated that the Indian economy overall has showed its tremendous resilience.
"For
the last ten years it has grown at the rate of 7.6 per cent, despite
two very important setbacks - the 2008 financial crisis, which had its
adverse impact on all developed economies, followed by the Eurozone
crisis".
As a consequence, the International Monetary Fund and the World Bank reports revised the growth projection of the world economy.
The
President said the impact was felt in India, which registered a steady
nine plus per cent annual growth between 2004 and 2008.
"The 2008 crisis had its impact on the growth of 8-9 per cent, but shortly we overcame it," he added.
|
|
|
|
|
|
|
|
|
|
|
|
|
Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
|
66.20
|
64.50 |
UK Pound
|
87.50
|
84.65 |
Euro
|
78.25
|
75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
|
|
Daily Poll |
|
|
PM Modi's recent US visit to redefine India-US bilateral relations |
|
|
|
|
|
Commented Stories |
|
|
|
|
|
|
|
|