Wednesday, October 08, 2008

And yes, FM talked it up too

India will grow at 8% this year.
Huge capacities are being added
FDI is robust. India attracted FDI $14bn between Apr-Aug this year.
RBI will infuse liquidity into the market
Our banks have strong balance sheets. They are well capitalized.
They are still providing credit (this was a good one!)
Enough instruments to support the economy.

These were some statements the FM made today. Guess he had no choice. But interesting. While quote a few analysts are saying GDP will grow at 6.5% or so, govt types are still maintaining that growth will be far more robust.

I suspect govt will have to cook up data. This is an election year.

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