Prime Minister Dr. Manmohan Singh on Wednesday appealed the leaders of Indian industry to correct the investment environment in the country and justify their social responsibility voluntarily.
Prime Minister said the growth system of the nation should me made more comprehensive while inaugurating a two-day annual general meeting of the Confederation of Indian Industry (CII) in New Delhi.
"We grew at a rate of eight percent in the last ten years, and we can grow like that again," he added.
It is really disappointing that the growth rate of the country had slowed down to five percent but the current economic downturn is temporary and the government was taking corrective measures to get back to eight percent growth, he added.
Dr. Singh laid more emphasis on the need to restore macro-economic balance in India and showed his confidence to achieve the fiscal consolidation target.
Dr. Singh also emphasized upon the necessity to manage weak export performances and the high current account deficit.
Around 1,500 industrialists from every part of the country have gathered to attend the meeting. The theme for this year's deliberation is "India Tomorrow: Imperatives of Growth, Security and Governance".
-With inputs from ANI
|
|
Comments:
