News Politics National Economic growth of 6% in 2015 is possible: Chidambaram

Economic growth of 6% in 2015 is possible: Chidambaram

New Delhi: India's economy is likely to recover and achieve 6 per cent growth in 2014-15 on the back of sound economic policies and a pick-up in investment, Finance Minister P Chidambaram said today.  “If

Chidambaram also said that due to the model code of conduct that is in force during the elections, several government programmes have been affected.  

“I don't think this kind of clampdown on all activities is justified. Only something which has a very clear political significance should be frowned upon.

 Normal activity of the government should go on,” he said.  

To a query regarding suggestions from certain people associated with the BJP to replace all taxes with a banking transaction tax, Chidambaram said some leaders in the party itself had “trashed the idea.”

“That transaction tax being talked about in Europe is very different from the idea that has been promoted by some self-styled intellectuals in the BJP.

I am glad that in the BJP itself, a couple of cool heads have trashed the idea. The idea that has been put forward by somebody in BJP is a completely woolly-headed idea,” he said.