Economy eager to absorb FDI, says PM

Economy eager to absorb FDI, says PM

New Delhi: India is eager to absorb foreign direct investment, Prime Minister Manmohan Singh said on Thursday in the Chinese town of Sanya in a statement at the Brics Summit, which included China, Brazil, Russia and South Africa.

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Singh also said the Indian economy was well positioned to achieve annual long-term growth of 9% or more.

The Prime Minister said the health of the Indian financial and capital markets was sound.

The Indian economy is expected to grow 8.6% in the fiscal year that ended in March.