New Delhi, Aug 7 IANS | 2 months ago

There are some signs of positive movements in the Indian economy and a gross domestic product (GDP) growth of 5.5 percent is achieveable, Chanda Kochhar, chief executive officer and managing director of ICICI Bank, said here Thursday.


"There are some signs of positive movements in the economy, like coal allocation has started taking place and passenger car sales have gone up," Kochhar said at an interactive session on 'The Woman on Top' organised by the Young Ficci Ladies Organisation (YFLO).

"A 5.5 percent GDP growth target is achievable," she added.

However, fiscal consolidation is important, she added.

Talking about expectations on rate cuts by the Reserve Bank of India (RBI), the apex bank, Kochhar said: "Rate cut is expected by the end of the fiscal."

When YFLO chairperson Avarna Jain asked about her view on the new BJP-led government and the tasks at its hand, Kochhar said: "There is a lot that needs to be done. Firstly, the government needs to clear bottlenecks for the ongoing projects. The government needs to create environment congenial for people to do business. There must be ease of doing business.

"Roll out of GST (goods and services tax) can add to the GDP and it is important for the government to manage the supply side well so that inflation comes down."

(Posted on 07-08-2014)

Share This Page:


Post your comments


Information on States of India:

Andaman Nicobar | Andhra Pradesh | Arunachal Pradesh | Assam | Bihar | Chandigarh | Chhattisgarh | Dadar Nagar Haveli | Daman Diu | Delhi | Goa | Gujarat | Haryana | Himachal Pradesh | Jammu Kashmir | Jharkhand | Karnataka | Kerala | Lakshadweep | Madhya Pradesh | Maharashtra | Manipur | Meghalaya | Mizoram | Nagaland | Orissa | Pondicherry | Punjab | Rajasthan | Sikkim | Tamil Nadu | Tripura | Uttar Pradesh | Uttaranchal | West Bengal

INDIA REGIONAL MAPS:

Andhra Pradesh Travel Map | Bihar Travel Map | Goa Travel Map | Gujarat Travel Map | Haryana Travel Map | Himachal Pradesh Map | Karnataka Travel Map | Kerala Travel Map | Maharashtra Travel Map | Punjab Travel Map | Rajasthan Travel Map | Sikkim Travel Map | Tamil Nadu Travel Map | Uttar Pradesh Travel Map | West Bengal Travel Map |

KERALA TRAVEL MAPS:

Alappuzha | Ernakulam | Idukki | Kannur | Kasaragod | Kollam | Kottayam | Kozhikode | Malappuram | Palakkad | Pathanamthitta | Thiruvananthapuram | Thrissur | Wayanad |

TRAVEL MAPS OF INDIA:

Airports of India | Districts of India | India Pilgrim Centers | Tourism Map of India | National Highways in India | India Railway Routes |

INDIA CITY MAPS:

Ahmadabad | Bangalore | Chennai | Coimbatore | Delhi | Hyderabad/Secunderabad | Kochi | Kolkata | Mumbai | Pondicherry | Pune | Surat |