India Can Push Growth To 10%: PM

Despite the turmoil in the global economy, India can not only sustain its high growth momentum but also push it to 10 per cent with right policies and dedication, Prime Minister Manmohan Singh said on Dec 19. It is possible that with correct set of policies and dedicated effort by both the central and state governments, we will not only maintain this momentum of high growth but may be able to raise it to 10 per cent, the prime minister said.

The high growth rate has become possible because of historically high savings and investment rates, the prime minister told the 54th meeting of the National Development Council (NDC).The NDC, which is the highest institutionalised forum for interaction between the central and state governments for developmental issues, was meeting to approve the Rs 36.44 trillion 11th Five-Year Plan. The prime minister also dwelt on the current turmoil in the global economy but added that while these could have an impact on Indian economy, it cannot derail it completely because of the inherent resilience.