An ODI six or wicket can't be expected when it comes to economic reforms: Chidambaram

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ANI New Delhi
Last Updated : Jun 13 2013 | 11:30 AM IST

Asserting that reviving the economy is not a one-day match, Finance Minister P Chidambaram on Thursday urged experts and people to take a "long-term view", and added that significant reforms have been rolled out in the last nine months, and more reforms would be unveiled in the coming weeks.

Addressing media here, Chidambaram, who seemed to be in agreement with rating agency Fitch on reform initiatives, said: "It is not an ODI match, a wicket or a six is expected in every ball in an ODI. Economic reforms don't work that way. Reviving the economy, reviving investor sentiments, might appear slow, if we don't take our eyes off the ball, it will yield results."

He further said that after nine months, there is acknowledgement that steps taken are yielding results.

He said that several decisions will be taken over the next few days and added that the government is looking forward to more reforms to achieve the desired results.

"We will leave no stone unturned to achieve revenue and fiscal deficit targets," he said, adding that decisions on coal and gas pricing, and revision in FDI limits is being considered.

On the Indian currency's steep fall in the past few days, he said, there is no reason for panic over the rupee decline.

"It will regain losses suffered in last few days and find its level," he added.

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First Published: Jun 13 2013 | 11:16 AM IST