The Prime Minister Dr Manmohan Singh has said his Government will move ahead with reforms in labour and financial sectors. He, however, added that investment in the rural sector will be the real growth engine for the economy to expand by 9 to 10 per cent. Addressing the HT Leadership Summit in New Delhi, he said, increased investment in rural infrastructure and more emphasis on health and education is of the greatest importance. <br/>Dr Singh said an environment conducive to the growth of entrepreneurship in the urban economy as well ensuring greater Government involvement in rural development is required. Prime Minister said the main challenge in the next decade will be to achieve and sustain high rates of economic growth and ensure that it remains remains equitable. <br/>Advocating the need for a stronger south Asia, the Prime Minister said India sincerely wishes to resolve all outstanding issues with its neighbours through dialogue. Seeking a neighborhood of peace, he emphasised the need for leadership in the region which has the courage to take bold decisions. Dr. Singh wished Pakistan success in tackling terrorism and asserted that the destinies of the two countries and that of other South Asian nations are closely interlinked.<br/>On India's relations with China, Dr. Singh said that he had more than one occasion noted that both the countries have immense opportunities to work together in cooperation. <br/>
News On AIR | October 31, 2009 11:42 AM
Investment in rural sector to be the real growth engine: PM