KhbarExpresswww.khabarexpress.com

India Yellow Pages - rajb2b.com

Welcome Guest Sign In New user! Sign Up Now
Search Photo  
RSS Tuesday, February 14, 2012


Manmohan Singh says India to grow at 6.3 percent despite financial crisis
26 Sep 2009, 0212 Hrs

Add comment          Mail          Print          Write to Editor


Pittsburgh, Sep 26 Addressing the world leaders at the G-20 Summit here, Prime Minister Dr. Manmohan Singh reiterated that despite drought India expects to grow around 6.3 percent in 2009-10 and then recover to 7 to 7.5 percent growth next year

"Despite a drought, which will affect agricultural production, we expect to grow by around 6.3 percent in 2009-10," Dr. Singh said at the plenary session of the G-20 summit.

"The relatively strong performance is partly due to the strong stimulus measures introduced in the second half of 2008-09 that have been continued in the current financial year," he added.

Dr. Singh also said that the current global financial crisis had affected developing countries as well.

"The fact that some of us have fared relatively well does not mean the crisis has not affected the developing world significantly. The drop in the growth of developing countries indicated the extent of such impact. An estimated 90 million people in the developing world are likely to be pushed below the poverty line," he said.

Making a case for the developing countries at the G-20 summit here, Dr. Singh made a strong pitch for defending the stimulus measures, cautioning the G-20 countries from a premature exit.

Dr. Singh said that problem must be tackled at it root by ensuring the quickest possible return to normalcy in the global economy.

"We must certainly plan for any orderly exit when the time is right, but the time is not right now. The global economy may be bottoming out, but it is not expected to reach three percent growth until the end of 2010," the Prime Minister said. (ANI)




Discuss this story on KhabarExpress Forum  


Pelagian Dictionary

Singh
India
grow
percent
despite
financial
crisis


Comments to this News

Be the first to comment on this News


 
Post Your Comments to this News
 Posting Rules
 
  Name: Email:
 

Top Story of The Day
Latest Articles

Jain Calendar Launched at Terapanth Bhawan, Gangasahar



Deepika Padukon


Education Special

All right reserved by Khabarexpress.com
Contact Us | Archives | Sitemap | Can't see Hindi ? | News Ticker
Special Edition: Lakshchandi Mahayagya, Camel Festival 2007, Vartmaan Sahitya, Nagar Ek - Nazaare Anek, Bikaner Udyog Craft Mela
Our Network rajb2b.com | khabarexpress.com | uniqueidea.net | PelagianDictionary.com | hindinotes.com
Developed & Designed by Pelagian Softwares