India passing through difficult times, GDP to slip to 7%: PM - Indian Military Veterans

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Jan 8, 2012

India passing through difficult times, GDP to slip to 7%: PM


JAIPUR: Prime Minister Manmohan Singh on Sunday said the country was passing through difficult times and the economic growth in the current fiscal would be 7 per cent, down from 8.5 per cent a year ago.

"Our country is going through difficult times ... We are up to the task of meeting these challenges we face as a nation", he said while addressing the 10th Pravasi Bharatiya Divas being attended by over 1,900 overseas Indians.

Despite an adverse international environment, Singh said, "the Indian economy is expected to grow by about 7 per cent this financial year ending March 31." Click here

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