Planning Commission Deputy Chairman Montek Singh Ahluwalia has expressed confidence that the current account deficit will come down from the current level of 5 per cent to 2.5 per cent of the GDP in the next two to three years. Addressing a meeting of the Asia Pacific Regional Committee in New Delhi today, Mr Ahluwalia stressed the need to manage high current account deficit while bringing in investments into the country. Referring to the falling economic growth, he said apart from global slowdown, the country is facing many domestic problems and supply side constraints. He said there is a need for coordinated action among various ministries to spur growth.
News On AIR | May 1, 2013 1:39 PM
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