India confident of over 9 pc growth next year: President
By IANSTuesday, January 25, 2011
NEW DELHI - President Pratibha Patil Tuesday said the government was confident of achieving over 9 per cent economic growth next year, but admitted that rising inflation, specially food prices, are a matter of serious concern.
“We are now returning to the pre-crisis growth pattern and are confident of growing at over 9 percent next year,” Patil said in her address to the nation on the eve of the 62nd Republic Day.
“All sectors of the economy will be contributors to our growth trajectory,” she said, while underlining that the performance of the Indian economy was appreciable even in the face of difficult circumstances during the global financial downturn.
The president, however, admitted that rising inflation particularly food prices, are a cause of serious concern.
She said the inflation only underscored the urgent need to take suitable action, and also look at more innovative approaches towards food security, agricultural production and rural development.
