CSO’s 5% growth estimate projected on dated data: FM

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Finance Minister P Chidambaram inaugurates the MCX-Stock Exchange (MCX-SX) in Mumbai on Saturday. Sebi Chairman, UK Sinha and Secretary — Department of Economic Affairs, Arvind Mayaram are seen standing behind the FM, and Vice-Chairman MCX-SX, Jignesh Shah on the right. Trading in the equity and equity derivatives segment of MCX-SX goes live from Monday. Vasant Prabhu Finance Minister P Chidambaram inaugurates the MCX-Stock Exchange (MCX-SX) in Mumbai on Saturday. Sebi Chairman, UK Sinha and Secretary — Department of Economic Affairs, Arvind Mayaram are seen standing behind the FM, and Vice-Chairman MCX-SX, Jignesh Shah on the right. Trading in the equity and equity derivatives segment of MCX-SX goes live from Monday. Vasant Prabhu
SummaryHard target: Says we can do the magic of 2004-2008 when economy grew at 8.5%

entrepreneurship and risk taking and grow the economy at a pace and a rate which is imperative to the welfare of Indian people,” Chidambaram said.

He even called for Indian investors and companies to rediscover faith in the economy while saying that in his meetings with investors overseas he figured out that they have greater faith in the Indian economy. He said foreign companies are willing to explore opportunities to invest in India even as Indian companies are looking for opportunities to invest abroad.

“I think we need to rediscover faith in our own economy. We can do the magic of 2004-2008 when the economy grew at an average of 8.5 per cent,” he said.

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