Investments in India needs to go up in H2 of FY12: Montek Singh Ahluwalia

NEW DELHI: The investment in the country needs to surge during the second half of the fiscal year and also help strengthen growth, which has slowed to its slowest pace in over two years during the September quarter, said Mr Montek Singh Ahluwalia, Deputy Chairman of the Planning Commission.

Mr Ahluwalia has said that the Indian economy would grow in the range of 7-7.5% during the full fiscal year to March.

According to official reports, the growth during the July-September quarter has slowed to 6.9%, which displays that India is facing the problem of high inflation, climbing interest rates and crisis-hit international capital markets.