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India: Committed to Economic Growth

India: Committed to Economic Growth

Aparna Dutt Sharma, Chief Executive Officer, IBEF

Apr 03, 2013 5:28 PM

Addressing the Annual General Meeting of the CII, Prime Minister of India, Dr Manmohan Singh spoke of the current state of the Indian economy reaffirming that all efforts were being made to boost the growth in India. While the Prime Minister emphasised that corrective measures were being taken to revive the 5 per cent growth rate, he added "I do not believe our growth can only be 5 per cent. We can get back to grow at 8 per cent," the PM said. Dr Singh also indicated that the government would further liberalise the foreign direct investment (FDI) regime in the coming months and push land reforms measures. "The liberalisation of FDI in multi-brand retail, civil aviation and other areas, are important signals. We are reviewing the FDI policy comprehensively to see what more can be done in the coming months," he said. Clearly, the Indian economy is expected to further unfold its growth potential in the coming months and constant efforts by government vis-a-vis economic reforms should further boost the confidence of the foreign markets.



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