Saturday, January 7 2006 16:22 Hrs (IST) - World Time -

Mumbai: Forecasting a burst of investments and a busy year for bankers this year, Union Finance Minister P Chidambaram today (Jan 7,2006) said India's economy was poised to grow at a faster rate of 7.5-8 per cent during the period.

"This year, I expect a burst of investment, which will move the economy faster. I expect a 7.5-8 per cent growth in the year," he said, addressing a function organised by Zee Business news channel.

"My job is to boost investments both in private and public sectors. I urge you to implement your investment decisions. I expect more foreign investment providing adequate funds for the development of the country," Chidambaram said and asked the countrymen to take active part in the Government's decision-making process.

Referring to the capital markets, the Finance Minister said, he expects a lot of mergers and acquisitions this year.

Bankers must be kept busy throughout the year," he added.