Economy will rebound in 6 to 9 months, says Chidambaram

The financial meltdown will not spare any sector of the economy, but on the brighter side recovery could be just six to nine months away, Finance Minister P Chidambaram has said.

“There will be some slowdown in every sector ...But monetary measures, counter-cyclical measures and enlightened measures by the companies themselves can get over this painful period of adjustments and in about 6-9 months we should be back to the growth rate,” he told a TV channel in an interview.