India can reach its goal of 10 per cent annual economic growth even if its Congress party-led government fails to implement pressing structural reform, the country's finance minister has said.
Pranab Mukherjee told the Financial Times that the lack of a parliamentary majority for the Congress party was an obstacle to moves such as raising the cap on foreign investment in the pension and insurance sectors and steps to improve governance.
Differences between coalition partners in the United Progressive Alliance were dragging out reforms intended to increase output and deliver help more effectively to the poor.
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