February 21, 2012 2:11 PM

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Country must target double digit growth: Pranab<br/>

Finance Minister Pranab Mukherjee today said the country needs to target a double-digit growth rate. Addressing a conference of the industry chamber Assocham in New Delhi, Mr Mukherjee attributed economic slowdown toReserve Bank&apos;s tight money policy and global financial problems, He said, the country has to target a double-digit or near double-digit growth in the not too distant future. The economic growth during 2011-12 is estimated to slip to three-year low of 6.9 per cent from 8.4 per cent a year ago. This slowdown, Mr Mukherjee hoped, would be temporary and the country would be able to revert to high growth trajectory in the years to come. The Minister is expected to announce steps to boost growth in the budget for 2012-13 to be presented in the Lok Sabha on March 16. The Minister further said that the policy measures taken in recent months to ease the capital control would make available additional resources for the infrastructure sector.

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