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Sharma and Beckett's interview with Indian finance minister Chidambaram in October 2012
06/25/2010
The Kelkar committe says India faces "a perfect storm," a situation worse that the balance of payments crisis of 1990. Finance minister Chidambaram and the government of prime minister Manmohan Singh, who was finance minister during the 1990 crisis, welcomes the report for pointing to the need for urgency in action by the government. Chidambaram outlines the government's plan to tackle the deficit and bring it down to 5.3% in 2013. He says foreign investment is needed for India to maintain its growth rate and the government announces steps to open the retail, insurance and airline sectors to foreign investment.
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