PTI
New Delhi: India will sustain a growth rate of 8% despite the adverse impact of the global financial crisis, Prime Minister Manmohan Singh said today.
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“We have the ability to sustain a growth rate of about eight per cent. And we will do so,” he said at the Hindustan Times Leadership Summit here.
Exuding confidence that India had the “resources and the wisdom to grapple and deal” with the crisis, Singh said all instruments of public policy -- monetary, fiscal, public investment and exchange rate -- “will be deployed” to tackle it.
Noting that the global economy was going through “choppy waters”, the Prime Minister said “we can and we will survive this crisis”.