Diabytes
Economy facing difficulties: PM
Prime Minister Manmohan Singh Saturday said the Indian economy was facing "difficulties" but expressed hope that the challenges will be overcome.
Trending Photos
5- 6
- 6
- 12
New Delhi: Prime Minister Manmohan Singh Saturday said the Indian economy was facing "difficulties" but expressed hope that the challenges will be overcome.
"There are difficulties. Life will not be worth living if there are no difficulties. I am confident with great determination, we will overcome (these)," Singh said in his brief intervention at a panel discussion here this evening.
The Prime Minister was the chief guest at a panel discussion on the 'Challenges of Economic Reforms in India'.
"I had accepted this invitation on the condition that I will not speak. I don't wish to break that," Singh said after the discussion during which RBI Governor D Subbarao, Professor of University of Chicago Raghuram G Rajan and Business Standard Chairman T N Ninan participated.
While Rajan called for implementing the second generation of economic reforms including raising of fuel prices quickly, resolving bottlenecks and treating foreign investors 'kindly', Subbarao expressed concern at large fiscal and current account deficits.
The issues concerning declining growth and the impact for eurozone crisis on the domestic economy too figured during the discussion.
The growth rate during 2011-12 slipped to three-year low of 6.9 percent, mainly on account of global factors. The government proposes to raise it to 7.6 percent during the current fiscal.
The discussion was organised by the Indian Council for Research on International Economic Relations (ICRIER) which had published essays by leading economists on the economic reforms and developments.
PTI
"There are difficulties. Life will not be worth living if there are no difficulties. I am confident with great determination, we will overcome (these)," Singh said in his brief intervention at a panel discussion here this evening.
The Prime Minister was the chief guest at a panel discussion on the 'Challenges of Economic Reforms in India'.
"I had accepted this invitation on the condition that I will not speak. I don't wish to break that," Singh said after the discussion during which RBI Governor D Subbarao, Professor of University of Chicago Raghuram G Rajan and Business Standard Chairman T N Ninan participated.
While Rajan called for implementing the second generation of economic reforms including raising of fuel prices quickly, resolving bottlenecks and treating foreign investors 'kindly', Subbarao expressed concern at large fiscal and current account deficits.
The issues concerning declining growth and the impact for eurozone crisis on the domestic economy too figured during the discussion.
The growth rate during 2011-12 slipped to three-year low of 6.9 percent, mainly on account of global factors. The government proposes to raise it to 7.6 percent during the current fiscal.
The discussion was organised by the Indian Council for Research on International Economic Relations (ICRIER) which had published essays by leading economists on the economic reforms and developments.
PTI
 "DNA: Who is killing India's Enemies?")
 "DNA: Why did some Muslim countries appear to help Israel?")
 "DNA: Bhagwant Mann meets Arvind Kejriwal in jail")
 "DNA: Rahul Gandhi's Helicopter Checked By Election Officials In Tamil Nadu")
 "Countdown to Iran-Israel war begins")
 "Which party will the country's Muslims support in the Lok Sabha elections?")
 "Preparations continue in Ayodhya Ram temple for Ram Navami")
 "DNA: Cong stands with anti-national forces, says Modi")
 "DNA: Historic 'Surya Tilak' Of Ramlalla On Ram Navami")
 "DNA: Pakistan Army attack on police station")
