Arab Today, arab today indian pm sees end of economic \gloom and doom\
Last Updated : GMT 20:12:38
Arab Today, arab today
Arab Today, arab today

Indian PM sees end of economic \'gloom and doom\'

Arab Today, arab today

Arab Today, arab today Indian PM sees end of economic \'gloom and doom\'

Mumbai - AFP

Indian Prime Minister Manmohan Singh has said the economic \"gloom and doom\" clouding the country in recent years has been dispelled and that he is determined to push ahead with further reforms. In a speech on Saturday evening in Mumbai, Singh said that in 2006, 10 percent annual growth looked \"eminently achievable\" and \"the sense of optimism was all pervading\". But he admitted that since then, Indian exports have shrunk and the fiscal deficit has gone up. \"Growth decelerated to 6.5 percent last year and may be only around six percent in the current year,\" he said. \"This has dampened investor sentiment. \"Doubts are being raised in some quarters about the India growth story going astray,\" he said at a corporate function organised by the Economic Times. Singh vowed that a raft of reforms announced in September would revive the economy and attract foreign investment, with more policy changes in the pipeline. \"We have dispelled gloom and doom, improved the climate for foreign investment (and) are working hard to restore investor confidence and the growth environment,\" Singh told business leaders in Mumbai, India\'s financial capital. In a strongly-worded speech, Singh said that his government \"bit the bullet\" when introducing recent reforms, including to the retail sector that will allow global chains such as Walmart and Tesco to open branches for the first time. The move has attracted fierce opposition, and many Indian states may still act to keep out giant supermarkets to protect small shop owners. \"Some of the steps were considered by many of our critics as politically impossible. We bit the bullet and did what we felt was the right thing to do,\" Singh said. \"Undoubtedly, more needs to be done.\" The reforms have already cost the ruling coalition its parliamentary majority with the exit of an allied party that has threatened to bring a no-confidence motion against the government when parliament reopens later this month. The Congress-led government has suffered a difficult second term in power amid policy paralysis, worsening economic data and corruption allegations, and is looking to revive its fortunes with the next general elections due in 2014.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today indian pm sees end of economic \gloom and doom\ Arab Today, arab today indian pm sees end of economic \gloom and doom\

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today indian pm sees end of economic \gloom and doom\ Arab Today, arab today indian pm sees end of economic \gloom and doom\

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Barcelona through George Orwell’s eyes

GMT 13:44 2017 Friday ,20 October

Barcelona through George Orwell’s eyes
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Tillerson heads to Gulf, downbeat

GMT 09:23 2017 Friday ,20 October

Tillerson heads to Gulf, downbeat
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Sweden to get biggest car factory

GMT 14:10 2017 Friday ,20 October

Sweden to get biggest car factory
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Actress Shery Adel happy for Egypt’s qualification

GMT 08:57 2017 Wednesday ,18 October

Actress Shery Adel happy for Egypt’s qualification
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 07:47 2017 Tuesday ,17 October

Hussein Fahmy happy for honoring in festival

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 06:43 2017 Wednesday ,18 October

Fake dentists ply brisk trade

GMT 06:49 2017 Tuesday ,17 October

EasyJet, Lufthansa among seven to bid

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday