New Delhi, July 11: Notwithstanding the uncertainty surrounding the global economic recovery, India’s Prime Minister Manmohan Singh on Saturday said India should be able to sustain a growth rate of 8 to 9 per cent GDP growth.
He said he was confident that India would come out of this crisis stronger but the road ahead was also going to be difficult to traverse.
“It is not not going to be easy but I am convinced that India’s savings rate, which is as high as 35 per cent with a normal capital output ratio of 4:1, we should be able to sustain, with a little bit effort, a growth rate of about 8 to 9 per cent notwithstanding the difficulties on the international front,” Sing told reporters accompanying him on his way back home from a four-day visit to Italy.
–PTI