Will alter policies to push growth: PM
ENS Economic Bureau: New Delhi, Dec 15 2012, 22:21 IST
of shareholders in both private and public sector banks.
Singh said the disinvestment process will be speeded up to revive equity markets. Earlier, he had formulated a committee to address the controversial tax proposals of the budget to signal a stable tax regime for investors.
India’s growth slowed to 5.3 per cent in the second quarter of the fiscal, from 5.5 per cent in the first quarter. As per RBI’s estimates, GDP for 2012-13 is likely to be 5.8 per cent. In the three years preceding the 2008 global economic crisis, India was growing at a rate of more than 9 per cent.
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