The Hindu Business Line : India committed to economic reforms, liberalisation: Manmohan

New Delhi, April 18 The Prime Minister, Dr Manmohan Singh, on Friday invited foreign investors to “invest in India and stay invested” as the country remains committed to economic reform and liberalisation. For India, he said, the best was yet to come.

“India is on the move. I invite you to be partners in India’s progress. John Maynard Keynes used to say that investment is an act of faith. I invite you to have faith in India,” Dr Singh told a group of delegates to the first International Institute for Strategic Studies (IISS)-Citi Global Forum in New Delhi.

The Prime Minister also highlighted that India has followed a successful strategy of re-integrating into the world economy.

“Globalisation is both a challenge and an opportunity and India would like to be an active participant in the processes of globalisation,” Dr Singh said.

He pointed out that the policy of liberalisation, started in 1991, had moved forward despite changes in Government in New Delhi over the past 17 years.

“Different political parties have come to power in Delhi, but none has reversed the direction of policy we initiated in 1991.

“India is today more globally integrated and is confident about its future,” Dr Singh said, adding that India remains committed to liberalisation and economic reforms.

He noted that the attempt has been to create an environment of freedom in which the creativity and enterprise of Indian people could find its full and free expression.

“It is said that in ancient India a monarch was regarded as a good king if he did not interfere too much in the life of the people. That has been our guiding principle as well,” Dr Singh said.

More Stories on : Economy

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page