http://www.rediff.com/money/2008/jun/02india1.htm
Top Emailed Features
Negotiating salary? 4 important tips
One of India's greatest engineering marvels?
How to make cheaper international calls
Tell us
Ask a question
Advertisements
Master the Stock Market
Industry Market
Business Guru speaks
Moneywiz
Stocks & MFs
Prime Minister Manmohan Singh exuded confidence on Monday that India would
continue to beat the challenges thrown open by global slowdown as many of the
sectors are now competitive and strong.
"I am confident that we will be able to sustain the growth process and overcome
the challenges we face on account of the global slowdown," Singh said at the
annual general meeting of industry chamber Assocham.
He said many sectors of the economy have now emerged stronger and more
competitive, enabling India to grow faster despite a global slowdown.
"Many sectors of our economy are today stronger and more competitive than ever
before. This is why despite the global slowdown and the many global challenges
we face our economy is still able to deliver close to 8 per cent growth," he
said.
Referring to political consensus for reforms, the pime mnister said, "In these
past 17 years, despite many changes in the government with different political
parties wielding power in Delhi and in the states, there has been no reversal
of the processes of economic reforms and liberalisation."
Successive governments have taken forward the process of reforms and Indian
economy is today more globally integrated than ever before, he said.
The world recognises today that the Indian route to globalisation has been
stable and sustainable, he said.
"The steady acceleration of growth, from an average of 3.5 per cent in 1950 to
1980, 5.5 per cent in 1980 to 2000, and to nearly 9 per cent since 2004, bears
testimony to the wisdom of the saying that slow and steady wins the race! The
Indian tortoise will win the race against many Asian hares," he said.
---------------------------------
Sent from Yahoo! Mail.
A Smarter Email.
_______________________________________________
assam mailing list
[email protected]
http://assamnet.org/mailman/listinfo/assam_assamnet.org
