labels: industry - general, finance - general, economy - general, governance, union budget 2005
Growth target at 8 per cent: F Mnews
07 March 2005
New Delhi: Finance minister P Chidambaram said on Saturday that the government did not plan to change tax rates over the next few years. "Our job is provide stable tax policies. I assure you we will not tinker with tax rate for the next four to five years," Chidambaram told a business conference.

Chidambaram also said that the government will try to ensure economic growth at over seven per cent for the next few years. "I assure you that this government will do everything possible to keep growth above seven per cent and aim at eight per cent," Chidambaram said.

"We would not take any steps that will hamper growth." India's economy, which is Asia's fourth largest, is expected to grow 6.9 per cent in the year to March 2005.


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Growth target at 8 per cent: F M