ONBOARD AIR INDIA ONE, June 23: Prime Minister Manmohan Singh today reiterated that India cannot look to external assistance to ensure it regains a high growth rate and was confident of attracting foreign investment through transparent and investor friendly policies.
Talking to newsmen on board Air India one, while returning to India after a 8-day visit to Mexico and Brazil, the Prime Ministeer said,’we owe it to our country to take all necessary decisions which would return to the country to a high growth path.’
‘The last couple of days convinced me more than ever before that there are no international solutions to the problems of a country of India’s size and diversity,’ he said adding ‘it is obligatory on us and I would urge all political parties to work with the government to restore the momentum of the growth that the country is capable of.’
He was confident that the country could achieve a seven per cent growth rate this year.
‘The country is not facing stagflation, but there is slowing down and we can ensure that the growth rate of the economy in the rest of the year will improve to about seven per cent per annum,’ he added (UNI)
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