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Growth appears good, public impatient: PM
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| The Prime Minister, Dr. Manmohan Singh with the President of the Peopleâs Republic of China, Mr. Hu Jintao, the President of Brazil, Ms. Dilma Rousseff, the President of the Russian Federation, Mr. Vladimir Putin and the President of the Republic of South Africa, Mr. Jacob Zuma, during the BRICS Leadersâ Meeting, on the sidelines of the G-20 Summit, at Los Cabos, Mexico on June 18, 2012. |
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Arvind Padmanabhan | 19 Jun, 2012
Prime Minister Manmohan Singh Monday assured that investor sentiment will be improved and the economy nursed to high growth path again, as citizens were "impatient" for more.
"We are determined to create an environment that would boost investor sentiment and promote an atmosphere conducive to enterprise and creativity," the prime minister told the G20 Summit here.
"Our policies will be transparent, stable and designed to provide a level playing field to both domestic and foreign investors," he said, using the forum to send the message that his government now meant business.
According to him, even as India's growth at 6.9 percent appeared good to the outside world, the citizens desired more. He said this desire will be met with steps like infrastructure investment and improving investor sentiment.
"Our growth rate in 2011-12 declined to 6.9 percent from the level of 8.4 percent in the previous year. This may look like a reasonable figure given the growth rates being experienced in the rest of the world," the prime minister told the plenary session of the G20 Summit.
"But our public is impatient for a return to high growth and faster jobs creation. The fundamentals of the Indian economy remain strong and we are confident of bringing back the rhythm of high growth of 8-9 percent per annum."
He also said the fiscal stimulus that was injected in 2008 will be reversed and hard decisions taken to cut doles in areas such as fertilizers and fuels.
"In this context, I would like to mention a landmark effort underway in India to provide unique identity numbers for all residents with capture of biometric data," the prime minister said.
"This massive database covering over a billion people will facilitate delivery of a whole range of financial and other services, through effective targeting and reduced leakages in subsidy schemes."
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not only appears good infact call it robust growth
kailash | Sun Jun 24 08:15:56 2012
Regarding growth our PM is quite right as wealth growth is more than 1000% but whose? Our PM loves to keep in touch with/in his circle say, politicians/power brokers, corporates', policy makers'/bureaucrats, and he will say what he sees. policies are implemented on the advices of imported Indian economists who are on deputation from western countries.
Still wealth is grown by ways of toll tax, land acquisition for different purposes, by getting unauthorized colonies into authorized and then selling the same @1000% appreciated price,spectrum scam, and many other scams like mining, etc. Now latest policy scam will be to provide huge land to foreign institutes on lease for 999 years. So our PM is nowhere wrong if critics does not count 95% middle class/lower class living in Bharat.
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