Indian economy may revive to 6 percent growth in FY2014

Indian Finance Minister P Chidambaram said Tuesday that the country's economy is likely to revive to a 6 percent growth in the current fiscal year which ends in March 2014. Chidambaram, who just finished his visit to the United States, said in a press conference that a number of steps had been taken to improve exports, production of coal and gas. He also stressed that"the government has hiked investment in public sector enterprise significantly". Chidambaram also defended for the newly passed food bill. "I know there are people who mock the Food Security ordinance. I feel sorry for them", he added. He hoped parliament would approve the real estate regulator and land acquisition bills in its monsoon session, which is due to begin in the first week of August.