Home » Business » India will bounce back to 8 per cent growth: Chidambaram
At a time when the Indian growth story has taken a beating, Union home minister on Thursday said growth will go back to docking eight per cent once the current steps being taken by the government start showing their impact.
Explaining this, Chidambaram said that India as a country has a propensity to save, strengthening the base of the economy. Beside this, he said, the fall in investor sentiment has meant that many companies have cash reserves which are not being invested.
"Corporates and PSUs are sitting on piles of cash which are not being invested. Once the Prime Minister addresses the
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