Your Ad Here

Tuesday, June 9, 2009

India can grow at 8-9% : PM

Mr. Manmohan Singh
Prime Minister

He spoke in both the houses of parliament on Tuesday and the theme continued to be building on the existing programs of the UPA government and the introduction of some laws for contentious issues like land acquisitions.

Firmly back in the saddle on the 'aam aadmi' plank, Singh seems to be going all out to reiterate his government's focus for the common man.

He once again asserted in parliament on Tuesday that the government's flagship programmes—Bharat Nirman, NREGS and Jawaharlal Nehru National Urban Renewal Mission—would be further strengthened.

"We will strengthen our flagship programmes for employment, education, rural and agricultural development and health and delivery of public services," he said.

However, the biggest challenge for Singh would be to convince states to implement land acquisition laws so that incidents like Singur are not repeated.

Infrastructure development also featured top on the Prime Minister's list and he did not shy away from reaching out to the opposition who had pointed out the loopholes in the highway programme undertaken by his government in the previous term.

"Many development programmes in backward areas have loopholes, but they can be dealt with. Arun jaitley pointed out some loopholes in the highway programme. I agree with him and we will deal with this as effectively as possible," Singh said.

But what might bring cheers to the market is Singh's optimism of a 7 per cent growth for this fiscal and even better in the long run.

He said, "Since our savings rate is as high as 35 per cent we can achieve a growth rate of 8-9 per cent."

0 comments:

Post a Comment

Disclaimer

Information presented on this site is a guide only. It may not necessarily be correct and is not intended to be taken as financial advice nor has it been prepared with regard to the individual investment needs and objectives or financial situation of any particular person. The blogs/posts are an information service only. Recommendations, opinions or suggestions are given with the understanding that readers acting on this information assume all risks involved. We do not assume any responsibility or liability resulting from the use of such information, judgment and opinions for Trading or Investment purposes. Stock quotes are believed to be accurate and correctly dated, but Stockxnews does not warrant or guarantee their accuracy or date.
 
Design by SXN. Converted To Blogger Template By SXN .