Pranab backs PM`s claim, says fundamentals of economy strong
New Delhi: President Pranab Mukherjee on Thursday backed Prime Minister Manmohan Singh`s claim that the fundamentals of Indian economy were strong and assured the country`s diaspora that the nation is re-emerging as an attractive investment destination.
"As the Prime Minister pointed out yesterday, our economic fundamentals remain strong and India is re-emerging as an attractive investment destination. I am sure you have confidence in the inherent resilience of our people and the dynamism of our economy which has the ability to overcome temporary downturns," he said.
He was speaking at the concluding session of the three-day Pravasi Bharatiya Diwas here.
Prime Minister Singh had underlined this aspect in his speech at the same forum yesterday.
"India`s economy is the third largest in the world in terms of purchasing power parity. The substantial growth rate that our country has achieved over the last few years is second only to China in the world. India`s economy has been more resilient than most other economies of the world," Mukherjee said.
He made the point that if India has to attain a growth rate of nine per cent per year, as envisaged during the 12th Five Year Plan period, the country must put in place enabling factors, especially education.
"I believe that education is the alchemy that can bring India its next golden age. The success we achieve in educating our people will determine how fast India joins the ranks of leading nations of the world," he said.
Download the all new Zee News app for Android and iOS to stay up to date with latest headlines and news stories in Politics, Entertainment, Sports, Technology, Business and much more from India and around the world.
More from India
More from World
More from Sports
More from Entertaiment
- I am surviving only on 25% of my liver today, says Big B
- Aamir Khan's 'intolerance' comment kicks up row
- Exclusive: Sudhir Chaudhary in conversation with Aamir Khan on intolerance in India!
- Panel discussion on Aamir Khan's remark on 'intolerance'
- Rahul Gandhi spotted with hate speech convict Imran Masood in Saharanpur
- Karnataka, Madhya Pradesh bypoll results: As it happened on November 24
- Intolerance issue: When did ‘Incredible India’ become ‘Intolerant India’, Anupam Kher asks Aamir Khan
- Tirupati, Tirumala rains update: Temple remains open; pilgrims continue to pour in for darshan
- BJP's big poser to Aamir Khan: Is there any better neighbour for Muslims than a Hindu?
- Muslim leader Asaduddin Owaisi says Aamir Khan wrong in wanting to leave India