FM confident of 10% GDP growth this fiscal

Finance Minister P Chidambaram today expressed confidence that the country's gross domestic growth (GDP) growth would touch 10% during the current fiscal.

With efforts put in by entrepreneuers, industrialists and all sections of  society, the country achieved 7.5% growth in the first year of the Dr Manmohan Singh-led UPA rule followed by 9% next year and 9.4% in the just concluded financial year, Chidambaram said.

Speaking on the sidelines of inaugurating a defence-oriented manufacturing plant, on the city outskirts, Chidambaram said the government's confidence in reforms is the main reason for the economic growth being achieved.