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PM Hopes To Bring India's Economy Growth Back To 9% 81 days ago
(RTTNews) - Prime Minister Manmohan Singh, in an interview Friday, days ahead of his visit to the US, said he waned to bring back India's economic growth to 9% in the next few years.
A growth rate of about 9% per annum and to ensure that this growth was an inclusive growth--that the benefits of development reach one and all--was his aim, Singh said.
Responding to questions on the economic crisis, he was optimistic of US recovery from last year's meltdown. He added that with the entrepreneurial skills of the US business class and the American educational system, Washington would bounce back from this temporary set-back.
As far as India was concerned, its banking system was better regulated than that of many countries. However, the export growth rate sharply declined, and capital inflow was affected, he said.
But more recently, capital started coming back to the country. Before the crisis occurred, the annual growth rate ranged between 8.5% and 9%. This year it would be around 6.5%. In two years, the growth rate would be 9%, Singh was confident.
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