Vowing to get manufacturing and economy out of the downturn, Finance Minister P Chidambaram said key infrastructure projects facing delays have been identified and will be cleared in the next few weeks.

However, he admitted that there was no quick-fixes to economic problems, and the Government is working to stabilise the economy which may take time.

"Manufacturing is not picking up because demand is sluggish. Demand for cars, two-wheelers, white goods is sluggish. Consumer non-durables, the growth is over 12%. It is the consumer durable which is sluggish and in negative growth," Chidambaram said. Read More

Jyothi Shankaran

    Jyothi’s last role was as Senior Editor with the business news channel Bloomberg TV India. He also worked as News Editor at business-standard.com, the online version of the business newspaper Business Standard. Jyothi is a chemical engineer from the Regional Engineering College, Srinagar.