Sep 3, 2008

PM says there will be no compromise on growth

PM says there will be no compromise on growth


Prime
Minister Dr Manmohan Singh on Friday, 15 August 2008, expressed concern
at the recent spurt in prices while addressing the nation from the
ramparts of the Red Fort on Independence Day. Dr. Singh said tackling
inflation remained a major challenge.

He said he had sought the
cooperation of states to tackle inflation. ?I have urged all Chief
Ministers to improve and strengthen the Public Distribution System to
ensure availability of essential commodities to the common man at
reasonable prices,? Dr. Singh said.

At the same time, he
cautioned that the steps being put in place to rein in inflation should
in no way affect economic growth which had been maintained at 9% over
the last four years. ?Our economy must grow at the rate of at least 10%
every year to get rid of poverty and generate employment for all,? he
said.

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