9.3% growth satisfactory:Chidambaram

Written by Agencies | New Delhi, August 31: | Updated: Aug 31 2007, 18:44pm hrs
Finance Minister Palaniappan Chidambaram said on Friday GDP growth of 9.3 per cent in the April-June quarter was satisfactory, and the government would ensure investment and credit flows remained firm.

"Despite compulsions of a tight monetary policy, we will ensure that credit flow to the productive sectors of the economy remains strong," Chidambaram told reporters.

India's economy in the April-June quarter grew a faster-than-expected 9.3 per cent from a year earlier, led by robust manufacturing and services, data showed on Friday, but analysts said the pace could moderate in coming quarters.