India will grow 7% this year - Manmohan Singh

The Prime Minister, Dr. Manmohan Singh said that he hopes the country will achieve a growth rate of around 7% this year, which is one of the fastest in the world.

He further added that, "We are equally optimistic that we can return to and sustain an annual growth rate of 9-10% in a couple of years".

The rapid growth of India's economy in the last few years has helped lift millions of people out of poverty. We have been able to expand access to education, healthcare and economic opportunities to a vast majority of our population. This is, however, a work in progress and much more remains to be done. I solicit your assistance to achieve those goals. We wish to accelerate the efforts to effectively address the key constraints in the areas of infrastructure, agriculture, health and education. These are the key priorities for the second term of our government.

The Prime Minister sought the active involvement of the overseas Indian communities in accelerating the pace of our economic and social development. In this context, it is important that we make efforts to connect the second generation of overseas Indians with their ancestral heritage and involve them actively in India's march forward.

Source : Equity Bulls

Keywords