Boosting private sector investment in India challenging: Subramanian

Boosting private sector investment remains a challenge for the Indian economy, Arvind Subramanian, chief economic adviser to the finance ministry told the annual Credit Suisse Asian Investment Conference in Hong Kong on Wednesday.

Annual gross domestic product (GDP) growth for the October-December period came in at 7.0 per cent, a tad slower than 7.4 per cent in the previous quarter but much faster than the 6.4 per cent expansion forecast by economists in a Reuters poll