The drop in agriculture and manufacturing sectors has been particularly disappointing in 2011-12 compared to previous year, he said. �We want investment-led growth, not consumption-led growth as we are witnessing now.� Mr Modi said states with good governance have managed to attract investments while others have not. The government should also relax monetary policy to bring down interest rates so that fresh investments pour in. The ASSOCHAM president said weak global economic conditions too are impacting the Indian economy. The chamber had forecast 7 to 7.5 per cent GDP growth for current fiscal year, he added.
Powered by Capital Market - Live News
