Economy to recover by September: PM
By IANSSunday, April 19, 2009
GUWAHATI - Prime Minister Manmohan Singh Sunday said the world economy will recover ‘partially’ by September and India would then go back to the growth rate of 8-9 percent.
‘I expect the world economy to partially recover by September and if that happens we expect to go back to the growth rate of 8-9 percent, which has been the growth rate of India for the last five years,’ the prime minister said while addressing a press conference at Amin Gaon in Guwahati.
To a question on the reasons for the current global economic crisis, Manmohan Singh said: ‘This is a crisis because of the mishandling of the financial system by the major developed countries.’
Prime Minister Manmohan Singh, who is a Rajya Sabha member from Assam, is here to address an election rally.
The second phase of polling in Assam will be held April 23.
