SME Times is powered by   
Search News
Just in:   • NITI Aayog unveils roadmap on AI to empower 490 million informal workers  • New French PM expected to be appointed within next 48 hours: Lecornu  • Guterres welcomes Gaza deal, sees opportunity for two-state solution   • PM Modi welcomes Israel-Hamas pact on 1st phase of Prez Trump's peace plan  • Leader capable of filling gaps: Colombian envoy on PM Modi 
Last updated: 01 Sep, 2010  

Pranab.9.Thmb.jpg GDP growth encouraging: Pranab Mukherjee

Pranab.9.jpg
SME Times News Bureau | 01 Sep, 2010
Finance Minister, Pranab Mukherjee, has hailed the first quarter economic growth of 8.8 percent, stating that this performance was encouraging.

"More encouraging has been the 12.4 percent growth in the manufacturing sector. It is expected this manufacturing sector growth will generate more jobs," Mukherjee told reporters after the release of the GDP data for the first quarter (April-June) of the current fiscal.

The Finance Minister noted that agriculture had gone through a difficult phase, but had made a positive contribution of 2.8 per cent for the quarter under review

Mukherjee expressed the hope that the GDP growth will be higher in the coming quarters. He pegged his overall growth expectations for the entire fiscal at 8.5- 8.75 percent. "I have always stuck to that it will never be less than 8.5-8.75 percent. It should not be less than that," he said.

On whether the Reserve Bank of India needed to do further monetary tightening to tame inflation, Mukherjee noted that the central bank's actions will depend on inflationary pressures and expectations.
 
Print the Page Add to Favorite
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

   Top Stories
» PM Modi meets Keir Starmer in Mumbai for strengthening India-UK ties
» Piyush Goyal, Keir Starmer discuss ways to deepen trade and economic partnership
» PM Modi inaugurates Phase 1 of Navi Mumbai International Airport
» Gold prices hit historic highs globally, Indian rates touch Rs 1.22 lakh on MCX
» Institutional investments in India's real estate hit $4.3 billion in Jan-Sep
 
  Commented Stories
  Customs Exchange Rates
Currency Import Export
US Dollar
₹84.00
₹82.25
UK Pound
₹104.65
₹108.10
Euro
₹92.50
₹89.35
Japanese Yen ₹56.10 ₹54.40
As on 25 Jul, 2025
  Daily Poll
Who do you think will benefit more from the India - UK FTA in the long run?
 Indian businesses & consumers.
 UK businesses & consumers.
 Both will gain equally.
 The impact will be negligible for both.
 
 
 
 
About Us  |  Contact Us  |  Feedback |  Success Stories |  Tradeindia in News  |  Get Listed | 
Sitemap  |  Terms of Use |  Useful Links |  Trade Bodies