India facing difficult times, says PM
Source:
Business Standard
India's Prime Minister Manmohan Singh on Friday said his government expected a reasonably good growth rate of seven per cent in the ongoing 2011-12 financial year.
"Our country is going through difficult times.... Despite an adverse international environment, the Indian economy is expected to grow by about 7 percent this financial year," Singh said, while inaugurating the tenth Pravasi Bharatiya Divas (PBD) here.
Last month, Finance Minister Pranab Mukherjee had estimated a 7.5 percent growth for 2011-12.
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