Finance Committee met for the first time, beating India has experienced double digit growth - Hindu Business Line

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Home - Economy
Industry & Economy - Economic
Finance Council meets for the first time to see India growing at double digit Our Bureau New Delhi, December 31

For the Indian economy in 2011 has established a strong note and starts quietly. The new Financial Stability and Development (FSDC), which met Friday for the first time, the economy is not only maintaining current growth rates, but also achieve double digit growth in years to come.

FSDC meeting under the chairmanship of Finance Minister, Mr. Pranab Mukherjee, assesses the state of the Indian economy and signs of economic recovery in the West. He noted that India's exports likely to see an improvement in 2011 on the back of better economic growth in the United States. The EU could also see if the positive developments in the crisis of sovereign debt and suffering from some countries are a source of concern was found. The general conclusion was that 2011 could see improvements in the global economy. Exchange rate issues when playing, can have implications for India, introduced the FSDC. He estimated that the effort to get the value of currencies artificially low, which may hold negative impact on the competitiveness of Indian companies, both inside and outside the country. "If countries adopt protectionist measures, it could have serious consequences for the world economy as a whole," the FSDC said in a statement. It was also at the meeting that the guidelines for the proper functioning FSDC be issued quickly decided. krsrivats@thehindu.co.in Related Stories:
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