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'At 3.5 pc growth, India would've been the poorest'

News18

Updated: March 28, 2012, 2:47 AM IST
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'At 3.5 pc growth, India would've been the poorest'
Home Minister P Chidambaram said that it is important that we must grow.

New Delhi: Home Minister P Chidambaram on Tuesday said that India would have ended up as the poorest nation in the world if its economy had grown at 3.5 per cent a year.

"If we had continued to grow at a 3.5 per cent a year, we would have become the poorest nation in South Asia and perhaps poorest in the world. It is important that we must grow," Chidambaram said addressing a Skoch event.

The minister was presented with the life time achievement award for his contribution as a politician to the country's development and economic growth by the Skoch Group.

Chidambaram, a former Finance Minister, said, "Once we can demonstrate that we can grow at a high rate over a long period of time then I think it is time to sit down and say how that growth should be distributed and made more inclusive.

First Published: March 28, 2012, 2:47 AM IST
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