India Needs Further Economic Stimulus: Ahluwalia

The deputy chairman of the Planning Commission of India, Montek Singh Ahluwalia told media in Delhi on Saturday that India would need further economic stimulus packages. The government of India may declare further packages for the economy.

The government would pump more money into the system to check the impact of the global crisis on Indian economy. The government data shows a that there was positive impact of the stimulus packages on various sectors.

There is improvement in the infrastructure sectors, which was affected due the global crisis. The stock market on Friday was seen in green. Indices related to all the sectors were received good response in the stock market.

Further packages would help to bail out many sectors from the clutches of the global financial crisis. However, GDP growth is expected to be below the seven percent.