June 24, 2012 1:41 PM

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Govt to announce measures to boost market conditions tomorrow: Pranab

The Government is to announce measures tomorrow to boost market conditions. Finance Minister Pranab Mukherjee said Secretary in the Department of Economic Affairs R Gopalan had already consulted RBI Governor Subbarao, who is aboard about the measures underway.

Mr. Mukherjee, who will resign as Finance Minister on Tuesday for contesting the Presidential polls , expressed concern over the sharp depreciation in the rupee and inflationary pressures. Talking to reporters in Kolkata yesterday he said these are signs of weakness in the Indian economy. He, however, said GDP growth is at 6.5 per cent and the Indian economy is resilient with strong fundamentals.

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