India’s long-term growth potential is 8-9%: Montek

Notwithstanding global credit rating agency S&P’s lowering the country’s outlook to ‘negative’, the country remains bullish and its long-term economic growth potential is 8-9%, deputy chairman of planning commission Montek Singh Ahluwalia has said. “My view of India is that it is bullish. India’s long-term growth potential is 8 to 9%. In order to achieve…

ECONOMICS TOP OF MIND, PM REJIGS TEAM

The Financial Express The first cabinet reshuffle in the UPA government’s second term on Wednesday saw ministers eased out from key economic portfolios where the government has been accused of non-performance, but stopped short of removing them from the cabinet. Prime Minister Manmohan Singh accordingly took away the ministries of food and consumer affairs from…