Growth to pick up in 2013-14, room for more FDI: Chidambaram

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Growth to pick up in 2013-14, room for more FDI: Chidambaram


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Growth to pick up in 2013-14, room for more FDI: Chidambaram

by Ani 1:31 mins

Growth to pick up in 2013-14, room for more FDI: Chidambaram

by Ani 1:31 mins

Union Finance Minister P Chidambaram has said that India's economy is capable of absorbing $50 billion in Foreign Direct Investment (FDI) per year. He also added that the government is committed to reforms to tackle a large Current Account Deficit (CAD).Addressing a news conference during a visit to Tokyo to promote India as an ideal investment destination, Chidambaram also reiterated that growth in Asia's third-largest economy was expected to accelerate in the current fiscal year to March 2014.

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