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This is an archive article published on July 14, 2009

Economy showing signs of recovery: FM

Mukherjee said higher investment was needed to return the economy to a higher growth path.

The Finance Minister,Pranab Mukherjee,said on Tuesday the economy was showing signs of recovery and the government has to borrow more in the fiscal year to March 2010 to meet its spending needs.

Pranab Mukherjee also said higher investment was needed to return the economy to a higher growth path.

“But at the same time I do believe it is not possible to maintain this level of borrowing unless we have higher growth,higher income,” he told parliament.

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