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India Finance Minister: Need To Ensure Strong Domestic DemandNEW DELHI -(Dow Jones)- India will continue to retain its easy fiscal stance until some developed economies show clear signs of recovery and local demand strengthens, Finance Minister Pranab Mukherjee said Tuesday. "We need to ensure strong local demand till there are clear signs of recovery in the developed world," Mukherjee said at the India Economic Summit. The government needs to invest heavily in the farm sector and infrastructure to boost local demand and power economic growth, Mukherjee said. -By Neelabh Chaturvedi and Prasanta Sahu, Dow Jones Newswires; 91-11-43563301 abhrajit.gangopadhyay@dowjones.com (END) Dow Jones Newswires 11-10-090253ET Copyright (c) 2009 Dow Jones & Company, Inc. |
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