Near-term economic outlook extremely positive: FM

Finance Minister P Chidambaram said on Wednesday that India’s near-term economic outlook was ‘extremely positive’ and an investment boom showed no sign of abating.

“Upsides are very large, and the outlook for the near term is extremely positive,” Chidambaram said in a presentation to a Norwegian-Indian business conference in Oslo.

He said an investment boom that started in 2004 showed no sign of fading. “This boom will continue for the next four to five years,” Chidambaram said.

“None of the factors that are driving growth will change,” he said.