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India will grow 5-6% regardless of any government: Chidambaram

BS Reporter  |  Chennai 

Finance Minister P Chidambaram today said that regardless of any government, India would grow by five-six per cent yearly.

"India will continue to grow; nothing can stop the growth. A large land mass, untapped resources, a large population which demands goods and services, an entrepreneurial class, the aspirations of young women and men are some of the factors that can help India grow. A set of values, which may appear to have eroded in India from time to time and hard work are some of the factors which will lead growth," Chidambaram said in an address at the Shriram Sanlam Awards for Excellence in Financial Journalism by Shriram Group.

He said: "In the next 20-40 years, the Indian economy will grow just like the way China will. When more aged start depending on a dwindling working class, like what happened in Japan and Europe, the scenario may change. Regardless of any government or me being the finance minister, India will grow five-six per cent. Effective governance will make the difference." Don't underestimate India's growth, was the concluding remark of the minister at the function.

First Published: Tue, May 28 2013. 00:31 IST