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FM: rate cuts to help India achieve 6.5 percent growth

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Reuters Delhi, India
Last Updated : Mar 01 2013 | 4:20 PM IST

NEW DELHI (Reuters) - Reduction of interest rates will help India achieve a growth rate of 6.5 percent in 2013/14, Finance Minister P. Chidambaram told ET Now television channel on Friday.

Chidambaram on Thursday unveiled a surge in government spending, and said he expects the economy to grow at 6.5 percent in the next financial year ending in March, 2014.

(Reporting by Suvashree Choudhury; Editing by Anand Basu)

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First Published: Mar 01 2013 | 4:07 PM IST

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