Home / International / State Exchanges Tools: Save | Print | E-mail | Most Read | Comment
Singh: India, China will be growth engines of world
Adjust font size:

India and China have the potential to be the engines of the world economy, Indian Prime Minister Manmohan Singh said here Thursday.


"In the years to come, India and China will be viewed as the new growth engines of the world economy. We are not yet there, but we will be," Singh said at the release of a book, Business Standard India 2008, at his official residence in New Delhi.


"We can certainly sustain much better domestic performance based on our own effort and potential. Our macro-economic policies are aimed at ensuring this," he said, adding that the "challenge before us today is also to get the politics right".


Asserting the government's commitment to ensure the uncertainty in the global system would not harm the growth of Indian economy, Manmohan Singh said India's large continental economy can sustain fairly high rates of growth based on the stable and sustained growth of the home market, even if there is turbulence in the global market.


Cautioning that the country cannot take the economic success for granted, the prime minister said the government needed to pursue sound macro-economic policies designed to raise savings, investment and productivity.


Singh, who appreciated the business daily Business Standard's new initiative, said there was a growing interest in the Indian story.


"The India story is not just about economic growth and business outcomes. It is also about social change, social mobility and the political empowerment of more than a billion people. The saga of over a billion people, seeking their social and economic salvation through the framework of a plural democracy is without doubt one of the most uplifting stories of our times," he said.


(Xinhua News Agency February 15, 2008)

Tools: Save | Print | E-mail | Most Read
Pet Name
China Archives
Related >>
- China to further military cooperation with India
- Singh's visit expected to build on positive vibes
- Indian PM hopes to further boost relations with China
- A good opportunity to strengthen ties
- China, India vow to expand trade, economic cooperation
- Indian PM highlights focus for future cooperation with China
Most Viewed >>
> Korean Nuclear Talks
> Reconstruction of Iraq
> Middle East Peace Process
> Iran Nuclear Issue
> 6th SCO Summit Meeting
- China Development Gateway
- Foreign Ministry
- Network of East Asian Think-Tanks
- China-EU Association
- China-Africa Business Council
- China Foreign Affairs University
- University of International Relations
- Institute of World Economics & Politics
- Institute of Russian, East European & Central Asian Studies
- Institute of West Asian & African Studies
- Institute of Latin American Studies
- Institute of Asia-Pacific Studies
- Institute of Japanese Studies