11-17-2005, 10:37 PM
And on cue, the spin.. Now, we are #1 on "Re-emerging" markets! If that does not work, we will redefine what economic engine is <!--emo&
--><img src='style_emoticons/<#EMO_DIR#>/biggrin.gif' border='0' style='vertical-align:middle' alt='biggrin.gif' /><!--endemo-->
<!--QuoteBegin-->QUOTE<!--QuoteEBegin-->India will re-emerge as engine of global economic growth: PM
New Delhi | November 16, 2005 9:32:38 PM IST
<b>Emphasising a distinction between the so-called ''emerging markets'' and the ''re-emerging markets'', </b>Prime Minister Manmohan Singh today said <b>India was engaged in recovering its space </b>and re-emerging as another engine of global economic growth.
''India, like China, is not just an 'emerging market'. It is, if anything, a 're-emerging market'. Our history has been a history of active participation in the global exchange of goods, services and ideas.
''There was a time when our GDP accounted for a quarter of the world's GDP. India is presently engaged in the process of recovering its lost space in the global economy, to re-emerge as another engine of global economic growth,'' he said after the release of seven books by Reserve Bank of India Principal Advisor and Chief Economist Narendra Jadhav.
The Prime Minister, however, pointed out that along with issues of modernization and liberalization and de-bureaucratisation of the economy, greater attention ought to be paid to questions of equity and social justice for this process to be speeded up.
Pointing out that it was difficult to ''walk on two legs'' in India's complex polity, the Prime Minister underlined the need for greater attention to policies that address equity and social justice within the framework of a plural democracy.
Talking about the book, ''Re-Emerging India'', the Prime Minister said he was pleased that the author had tried to mirror the vision of fighting discrimination along with pursuing modernization.
''In our country, there are some who focus all their attention on only one side of the coin of our reality. If all our energies are invested in rewriting the past, when will we write the story of our future? The two have to go together,'' he said.
''We must rid our society of the social evils that have held us back. But we must also build a new India that is capable of dealing with the world in a self-confident manner'', he added.
<!--QuoteEnd--><!--QuoteEEnd-->
--><img src='style_emoticons/<#EMO_DIR#>/biggrin.gif' border='0' style='vertical-align:middle' alt='biggrin.gif' /><!--endemo--> <!--QuoteBegin-->QUOTE<!--QuoteEBegin-->India will re-emerge as engine of global economic growth: PM
New Delhi | November 16, 2005 9:32:38 PM IST
<b>Emphasising a distinction between the so-called ''emerging markets'' and the ''re-emerging markets'', </b>Prime Minister Manmohan Singh today said <b>India was engaged in recovering its space </b>and re-emerging as another engine of global economic growth.
''India, like China, is not just an 'emerging market'. It is, if anything, a 're-emerging market'. Our history has been a history of active participation in the global exchange of goods, services and ideas.
''There was a time when our GDP accounted for a quarter of the world's GDP. India is presently engaged in the process of recovering its lost space in the global economy, to re-emerge as another engine of global economic growth,'' he said after the release of seven books by Reserve Bank of India Principal Advisor and Chief Economist Narendra Jadhav.
The Prime Minister, however, pointed out that along with issues of modernization and liberalization and de-bureaucratisation of the economy, greater attention ought to be paid to questions of equity and social justice for this process to be speeded up.
Pointing out that it was difficult to ''walk on two legs'' in India's complex polity, the Prime Minister underlined the need for greater attention to policies that address equity and social justice within the framework of a plural democracy.
Talking about the book, ''Re-Emerging India'', the Prime Minister said he was pleased that the author had tried to mirror the vision of fighting discrimination along with pursuing modernization.
''In our country, there are some who focus all their attention on only one side of the coin of our reality. If all our energies are invested in rewriting the past, when will we write the story of our future? The two have to go together,'' he said.
''We must rid our society of the social evils that have held us back. But we must also build a new India that is capable of dealing with the world in a self-confident manner'', he added.
<!--QuoteEnd--><!--QuoteEEnd-->