Leaders Expecting High From Indian Economy

He emphasized the need to kick-start investments to get back to the high growth trajectory."Our investment rate has fallen but it is still growing at a rate of 30 to 32 percent ... We need to look at the fact that we have not been getting the full benefits of the investments that we have put in. If we activate these investments, we can get a higher growth," Rangarajan said.

Pointing out the reasons for high current account deficit (CAD), Rangarajan said, "The CAD has been high due to a variety of factors -- excessive import of gold plus demand for our exports has been coming down. Whereas our economy continues to grow at a relatively higher rate as compared to Europe or other developed countries, so our imports continue to be a little strong".

Again Finance Minister P Chidambaram had, however, said, "There are signs of upturn and that will take us back to high growth path...We believe growth will be closer to 5.5 percent rather than CSO's estimate of 5 percent."

Weather the Indian economy will really gain speed and boost up or not that only the stats will say, but for now there are many Indians who have really high expectations from the coming financial year.

(With Agency Inputs)

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