According to Prime Minister Manmohan Singh, India will sustain a growth rate of eight per cent despite the fears of the global financial crisis. Exuding confidence that India had the "resources and the wisdom to grapple and deal" with the crisis, Singh said all instruments of public policy like monetary, fiscal, public investment and exchange rate "will be deployed" to tackle it.
Observing that the global economy was passing through a "deep crisis", the economist-turned-politician said "we cannot pretend that we are not affected by it. Noting that global problems required global solutions, he said there was a need for a global safety net.
Observing that the global economy was passing through a "deep crisis", the economist-turned-politician said "we cannot pretend that we are not affected by it. Noting that global problems required global solutions, he said there was a need for a global safety net.
No comments:
Post a Comment