Townhall.com, Where Your Opinion Counts
Talk Radio:   Bill Bennett   Mike Gallagher   Dennis Prager   Michael Medved   Hugh Hewitt   
BREAKING NEWS  LeftArrow - Townhall.com : Conservative, Political, Republican   RightArrow - Townhall.com : Conservative, Political, Republican  
Columns, funnies & more in your inbox!
  • Check the boxes and send us your email address to receveive your free newsletter
  • Your daily must-read of conservative columns, cartoons and news. Coulter, Sowell, Krauthammer and more.
  • Townhall.com’s weekly inside scoop on what’s happening behind the scenes in the world of politics. When news breaks, we report.
  • Signup to receive the latest daily Townhall cartoons
Sunday, November 08, 2009
Indian PM hopes for 7 percent growth next year
Vote on It:
Average Vote:
[+] Text [-]
 
Poll
Do you feel the leaked information from a global warming alarmist organization is meaningful?



The Indian government is pushing ahead with economic reforms aimed at achieving a growth rate of more than 7 percent next year but will make sure the benefits reach the poor, Prime Minister Manmohan Singh said Sunday.

India's economy is expected to expand 6.5 percent this year despite inadequate monsoon rains that caused agricultural production to dip, Singh told participants in a three-day India Economic Summit organized by the World Economic Forum.

"There are clearly signs of an upturn in the economy. With a normal monsoon next year, we hope to achieve a growth rate of over 7 percent," Singh said.

Singh was India's finance minister in the early 1990s and was the prime architect of economic reforms that propelled the country on its current growth trajectory.

India has fared better than most countries in the ongoing global economic downturn, Singh said. He said the government will now concentrate on accelerating the pace of economic reform, opening up key areas such as the financial sector.

However, the government will ensure that the benefits of the policies reach the poorer sections of society, he said.

"Our strategy today is not just to deliver rapid growth, but to deliver rapid and inclusive growth," Singh said.

The emphasis will be on creating jobs and raising living standards in rural areas, he said.

Share:
Vote on It:
Average Vote:
 
Sign Up to Post Your CommentsSign Up to Post Your Comments
If you are already registered, click here to login. Otherwise, please take a few seconds to register with Townhall.com. Once you sign up, you’ll be able to post your comments immediately, use the action center, get podcasts, and more!
Note: Fields marked with a red asterisk (*) are required.
Salutation:
First Name:
*
Last Name:
*
Email:
*
Nickname:
*
Note: Nick name will be shown when you post comments.
Address 1:
*
Address 2:
City:
*
State:
*
Zip:
*
Phone:
      
Your daily must-read of conservative columns, cartoons and news. Coulter, Sowell, Krauthammer and more.
(Bi-Weekly) We highlight the best opportunities from our partners for surveys, action items and more.