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US govt shutdown unlikely to impact Indian economy: Mayaram

Last Updated: Tuesday, October 1, 2013 - 12:39

New Delhi: The economy will grow at more than 5 percent in the current financial year ending in March 2014, Economic Affairs Secretary Arvind Mayaram said on Tuesday.

"It will be more than 5 percent. It cannot be less than 5 percent," Mayaram told reporters.

Mayaram also said as of now, a shutdown of the US government is not likely to have a major impact on the Indian economy.

"As of today, I don't see any major impact on the Indian economy on that account."

Mayaram added the government would not have to go beyond the finance ministry's planned market borrowing for the year, and would be able to meet its budgeted revenue target.


First Published: Tuesday, October 1, 2013 - 12:22
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