Prime Minister Manmohan Singh said there were international as well as domestic factors responsible for the prevailing economic scenario, but expressed confidence that the economy would be back to robust growth in about three years.
Prime minister Manmohan Singh Wednesday said the economy has faced a difficult situation in the past year but the government aims to achieve an average growth of eight percent during the 12th Five Year Plan, along with inclusive growth.
Prime Minister Manmohan Singh Sunday appealed to central trade unions to withdraw their call for a countrywide strike Feb 20-21, saying he had deputed four senior ministers to hold talks with them and the proposed shutdown will inconvenience the people.
Hoping to boost an economy largely dependent on tourism, horticulture and hydropower, Himachal Pradesh Chief Minister Virbhadra Singh and his colleagues are lobbying hard with New Delhi to get central projects and schemes, particularly dealing with infrastructure and connectivity, sanctioned for the state.
The signs of business along the Line of Control (LoC) between the two sides of Jammu and Kashmir have started re-appearing, and the cross-border trade and travel would likely be resumed Monday, said an official source on Sunday.
With over 1,600 rooms booked in over 40 hotels, the Congress' three-day 'Chintan Shivir' has boosted the city's hospitality sector, which was witnessing a dull tourist season.
India and Canada are likely to sign a comprehensive economic partnership agreement (CEPA) by the end of this year that could raise bilateral trade to $15 billion in two years and substantially boost two-way investments.
Stating that nuclear energy will remain an increasingly important element of the nation's energy mix, Prime Minister Manmohan Singh said Tuesday that India was in the process of expanding its indigenous nuclear power programme.