According to Business News Economic reforms are needed to steer the Indian economy to a 9 percent growth path, while the immediate challenge is to tackle poor monsoon rains, Finance Minister Pranab Mukherjee said on Tuesday.
The economy will grow at around 6 percent in the current financial year that began in April 2009, he told a gathering at an event organised by channel ET Now.
"Mitigating the impact of the deficient monsoon and the rural economy is a high priority," he said.
Growth has fallen sharply to 6.7 percent in 2007/08 from rates of around 9 percent seen in recent years as the global financial crisis hit exports and dented consumer confidence.
The economy will grow at around 6 percent in the current financial year that began in April 2009, he told a gathering at an event organised by channel ET Now.
"Mitigating the impact of the deficient monsoon and the rural economy is a high priority," he said.
Growth has fallen sharply to 6.7 percent in 2007/08 from rates of around 9 percent seen in recent years as the global financial crisis hit exports and dented consumer confidence.
Read More : http://in.reuters.com/article/businessNews/idINIndia-41957320090825