Former prime minister Manmohan Singh today said, the government should not be lured into false belief that the economy is out of the woods. He was reacting to Moody's upgradation of India's sovereign credit rating.<br/><br/>Speaking on the sidelines of a national seminar on 'Macro Economic Developments in India: Policy Perspectives' in Ernakulam, Mr Singh said, the economy needed strong purposeful guidance to move forward at a rate of eight to 10 per cent. <br/><br/>He also cautioned that the soaring prices of the crude oil could hurt the fiscal system of the country.