Govt optimistic of double-digit GDP growth in 2013-14

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SM Krishna said that country's GDP grew by 8-9 per cent in the last decade but in recent years it slowed down to 7.2-7.5 per cent.

Bangalore: Government is optimistic that GDP growth would hit double digits in 2013-14, External Affairs Minister SM Krishna said on Saturday.

Addressing a Congress party meeting in Bangalore, he said the aim of Prime Minister Manmohan Singh and Finance Minister Pranab Mukherjee is for a double-digit GDP growth rate.

"We are optimistic of reaching that aim in 2013-14",Krishna, a former Karnataka Chief Minister, said.

He said the country's GDP grew by 8-9 per cent in the last decade but in recent years it slowed down to 7.2-7.5 per cent because of the natural impact of the recessionary trends globally.

Krishna also said the India's responsibility at the global level is on the rise in recent years. He had visited 77 countries in the last two-and-half years as External Affairs Minister.

He termed the visits to India of US and French Presidents, and Prime Ministers of the UK, China and Russia as one of "symbolism". "This symbolism is the new-found relevance and importance of emerging India in the global profile", Krishna said.