NEW DELHI, Aug 27 (Reuters) - India cannot afford to grow at
less than 8 percent per year and needs more reforms to revive
growth, Finance Minister P. Chidambaram told parliament on
Tuesday during a debate on the state of the country's economy.
Asia's third-largest economy has struggled to lift itself
out the worst economic slump in a decade. The government is
trying to introduce a slew of reforms, including freeing up
foreign investment in the insurance, pension and defence
sectors, and simplifying tax laws to spur investment.
(Reporting by Manoj Kumar; Editing by Subhranshu Sahu)