Indian economy growing at near pre-recession rate: Prez

Rakesh Mohan Chaturvedi
Vientiane (Laos), Sep 9 (PTI) President Pratibha Patil on
Thursday said Indian economy was resilient to global financial
crises and growing at a pace close to the pre-recession rate,
which is a positive signal for friendly nations to invest in
the country.
"The Indian economy has weathered the impact of the
global financial crises with resilience and is now growing at
rates close to those it had achieved prior to the crises....
"We believe this growth will not only qualitatively
transform our economy, but will give a boost to economic
relations with friendly countries, also offering them many
opportunities for trade and investment," Patil, who is on a
five-day state visit here, said at a dinner hosted by Indian
ambassador Jitendra Nath Misra in her honour.
In the last quarter, the economy has posted a remarkable
growth, not only in terms of overall growth figures, but more
importantly, in terms of certain fundamentals, which justify
optimism and confidence in the Indian economy, Patil said at
the event attended by several eminent Indian-origin people,
including businessmen.
The President said she would meet the leadership of Laos
on Friday and together review the "entire gamut of our
relations, and seek ways to further develop our partnership".
She hailed the achievement of the Indian community in
Laos in businesses ranging from textile to mining.
"I am happy that several corporate groups from India
participated in the development of important hydropower,
irrigation, agarwood and mining projects in Laos," Patil said.
Earlier, Patil was received by Khempheng Pholsena,
Minister in the Office of Prime Minister of Laos, at the
Wattay airport here upon her arrival as part of her two-nation
tour that will also take her to Cambodia. PTI RC
RBT


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