11-28-2006, 10:29 AM
The latest on Indian Economy , as our Prime Minister sees it:-
Quote
Consensus on growth: Prime Minister
Government of India
There is a consensus across political parties on the need for a high rate of growth, said Prime Minister Dr Manmohan Singh. He was addressing a group of select CEOs attending a tea at his residence as part of the program of the India Economic Summit 2006 organised by the World Economic Forum and the Confederation of Indian Industry in New Delhi today.
The Prime Minister reiterated that while there may be some differences regarding certain issues such as privatization, there was agreement that greenfield projects should be open to the market. The interplay of dynamism between the world entrepreneurial community and domestic entrepreneurs would aid in the growth process.
A lot of work is needed for giving the âbuzzwordâ of inclusive growth substance, stated Dr Singh. Unless jobs are created, opportunities arise, and backward regions are integrated, Indiaâs growth will fall by the wayside. He expressed confidence that with the strong team of the government, India will make progress and march forward at 8 per cent.
Lauding the initiatives of the World Economic Forum and CII, the Prime Minister stated that they had familiarized the international economic community with the progress in India. When the India Economic Summit began more than twenty years ago, it was an act of faith, but since then many hurdles have been crossed. The Summit has managed to sell India to the rest of the world.
Ending his brief address, Dr Singh said that a lot has to be done in India and that his government is committed to doing the necessary work.
Earlier, Mr Klaus Schwab, Founder and Executive Chairman, WEF, and Mrs Collette Mathur, Senior Adviser, South Asia, WEF, welcomed the Prime Minister to the interaction with the CEOs, and expressed gratitude for his support to the India Economic Summit over the years. Mr R Seshasayee, President, CII, wrapped up the proceedings by saying that the power of Indiaâs youth, knowledge and enterprise can meet the challenges of growth. He pointed out that for the first time, the number of overseas delegates exceeded the number of Indian delegates at the Summit.
The session was followed by an interaction of the Prime Minister with the delegates over tea.
New Delhi
26 November 2006
Ynquote
Quote
Consensus on growth: Prime Minister
Government of India
There is a consensus across political parties on the need for a high rate of growth, said Prime Minister Dr Manmohan Singh. He was addressing a group of select CEOs attending a tea at his residence as part of the program of the India Economic Summit 2006 organised by the World Economic Forum and the Confederation of Indian Industry in New Delhi today.
The Prime Minister reiterated that while there may be some differences regarding certain issues such as privatization, there was agreement that greenfield projects should be open to the market. The interplay of dynamism between the world entrepreneurial community and domestic entrepreneurs would aid in the growth process.
A lot of work is needed for giving the âbuzzwordâ of inclusive growth substance, stated Dr Singh. Unless jobs are created, opportunities arise, and backward regions are integrated, Indiaâs growth will fall by the wayside. He expressed confidence that with the strong team of the government, India will make progress and march forward at 8 per cent.
Lauding the initiatives of the World Economic Forum and CII, the Prime Minister stated that they had familiarized the international economic community with the progress in India. When the India Economic Summit began more than twenty years ago, it was an act of faith, but since then many hurdles have been crossed. The Summit has managed to sell India to the rest of the world.
Ending his brief address, Dr Singh said that a lot has to be done in India and that his government is committed to doing the necessary work.
Earlier, Mr Klaus Schwab, Founder and Executive Chairman, WEF, and Mrs Collette Mathur, Senior Adviser, South Asia, WEF, welcomed the Prime Minister to the interaction with the CEOs, and expressed gratitude for his support to the India Economic Summit over the years. Mr R Seshasayee, President, CII, wrapped up the proceedings by saying that the power of Indiaâs youth, knowledge and enterprise can meet the challenges of growth. He pointed out that for the first time, the number of overseas delegates exceeded the number of Indian delegates at the Summit.
The session was followed by an interaction of the Prime Minister with the delegates over tea.
New Delhi
26 November 2006
Ynquote