Kolkata, Apr 25 (ANI): Union Home Minister P. Chidambaram today said that India will achieve about 8.5 per cent growth rate this fiscal.
Briefing media here, Chidambaram said that the country's economic health is very good and the government is already on fiscal correction path.
He said that three stimulus packages given earlier to shelter Indian economy from the impact of global melt down have affected fiscal and revenue deficits.
In reply to a question, he said, even during the global financial crisis, India has achieved 6.7 per cent growth in 2008-2009, the second highest in the world and since then the rising growth path continues.
hidambaram said that in April, Bengal had gone for open-market borrowings for an amount of Rs 3173 crore and described the revenue deficit as "worrisome" and interest payments "high".
"The present government cannot improve upon that, but will make it only worse. Only a new government with new energy and new thinking will help the state turn around. I look forward to a new government coming in Bengal and assume office in a month's time. I have come here to offer my advance congratulation to the people of the state to bring about a change," he added. (ANI)
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