English | دری

Manmohan Singh: Time to Revive the once Rosy Economy of India

in International Business

Manmohan Singh: Time to Revive the once Rosy Economy of India

Indian PM Manmohan Singh called on his officials to decide on measures that would help revive India’s economic growth.

India’s economic pace is at its lowest pace, expanding at an annual rate of 5.3% in the first quarter. Rupee has seen one of the biggest declines among Asian currencies as a result of which investor sentiment is down and capital flows are drying up.

“The growth rate has taken a dip; the industrial performance is not satisfactory; things are not rosy on the investment front; inflation continues to be a problem,” Singh said in remarks released by his office.

PM Singh took over the financial portfolio after Pranab Mukherjee resigned in order to run for presidency.



Related Articles

India Cement Firms Fined for Cartelization

India’s Competition Commission has imposed a collective fine of about USD 1.1 billion on 11 cement companies for price fixing.

Standard Chartered to pay penalty for failing to improve money laundering controls

The British Bank Standard Chartered has to pay a fresh penalty of USD 300mn to New York’s banking regulator for

Eurozone extends deadline for Greece to budget targets

The Eurozone has agreed to allow two more years for Greece to meet its deficit-reduction targets. The Eurozone finance ministers

No comments

Write a comment
No Comments Yet! You can be first to comment this post!

Write a Comment

Your e-mail address will not be published.
Required fields are marked*

Time limit is exhausted. Please reload the CAPTCHA.