Tata Group Chairman Ratan Tata arrives at 10 Downing Street in London May 20, 2013.
Tata Group Chairman Ratan Tata (L) and Chairman of BAE Systems Richard Olver leave 10 Downing Street in London May 20, 2013.
Singapore: Ratan Tata today said he expects India to re-establish its economic growth at 7 percent plus rate in the next couple of years but it will not be able to achieve over 8 percent it had prior to the 2008-09 global financial crisis.
The Chairman Emeritus of the Tata Group said that the recent steps by the government have restored investors' confidence in the country, but more needs to be done. He noted that efforts to control inflation plus scams, and other issues, resulted in Indian economic growth slowing down to five or sub-five percent.
Geneva/Detroit: Billionaire industrialist Ratan Tata pored over every inch of the new million-euro LaFerrari on the Italian supercar maker's stand at the Geneva auto show.
Ferrari's first-ever hybrid looks terrific, said Tata, one of India's wealthiest businessmen and a close friend of Ferrari chairman Luca Cordero di Montezemolo.
But will he buy one?
I don't have the money, Tata joked.
GENEVA, SWITZERLAND - MARCH 05: Tata Group Chairman Ratan Tata looks on during the 83rd Geneva Motor Show on March 5, 2013 in Geneva, Switzerland. Held annually the Geneva Motor Show is one of the world's five most important auto shows with this year's event due to unveil more than 130 new products.
FIAT CEO Sergio Marchionne (L) shows Chairman of India's Tata Motors, Ratan Tata, details of the new La Ferrari hybrid model car after its World premiere presentation at the Italian car maker's booth during the 83rd Geneva Motor Show on March 5, 2013. The Geneva International Motor Show opened its doors to the press under a dark cloud, with no sign of a speedy rebound in sight for the troubled European market. The event, which is considered one of the most important car shows of the year, will again be heavily marked by the crisis in Europe after an already catastrophic year in 2012.
