InfoAnda - India's Singh says 8 percent growth target ambitious |

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Torment for UK mother as child killer 're-offends' | 9 March 2010
Justin Bieber passes Michael Jackson at box office | | 21 March 2011
Feuding villages' clash leaves 1 dead in China | 26 March 2009

Biden warns of higher US death toll Afghanistan | 26 January 2009

Forum Views () Forum Replies ()

Read more with google mobile : India's Singh says 8 percent growth target ambitious |

Edition: U.S. Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Legal Deals Earnings Social Pulse Business Video The Freeland File Aerospace & Defense Investing Simplified Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB Dividends World World Home U.S. Brazil China Euro Zone Japan Africa Mexico Russia India Insight World Video Reuters Investigates Decoder Politics Politics Home Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Tech Tonic Social Pulse Opinion Opinion Home Chrystia Freeland John Lloyd Felix Salmon Jack Shafer David Rohde Nader Mousavizadeh Lucy P. Marcus Nicholas Wapshott Bethany McLean Anatole Kaletsky Zachary Karabell Edward Hadas Hugo Dixon Ian Bremmer Lawrence Summers Susan Glasser The Great Debate Reihan Salam Frederick Kempe Mark Leonard Steven Brill Breakingviews Equities Credit Private Equity M&A Macro & Markets Politics Breakingviews Video Money Money Home Tax Break Lipper Awards 2012 Global Investing MuniLand Unstructured Finance Linda Stern Mark Miller John Wasik James Saft Analyst Research Alerts Watchlist Portfolio Stock Screener Fund Screener Personal Finance Video Money Clip Investing 201 Life Health Sports Arts Faithworld Business Traveler Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Full Focus Video Reuters TV Reuters News Article Comments (0) Full Focus Editor's choice Our best photos from the last 24 hours. Slideshow Best photos of the year 2012 Download our Wider Image iPad app Follow Reuters Facebook Twitter RSS YouTube Read UPDATE 1-US administration urges Republicans not to block 'fiscal cliff' deal 26 Dec 2012 UPDATE 2-Police investigate NBC News anchor for showing gun clip 26 Dec 2012 Toyota seeks to settle acceleration case for $1.1 billion 12:55am EST Ex-U.S. President George H.W. Bush in intensive care 26 Dec 2012 Hundreds of flights canceled as storm pounds eastern U.S | 1:02am EST Discussed 139 More funerals in Newtown, White House gun task force meets 112 Lawmakers play waiting game with ‘fiscal cliff’ deadline in sight 79 UPDATE 1-US administration urges Republicans not to block ‘fiscal cliff’ deal Pictures Reuters Photojournalism Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more | Photo caption Explosion in Nigeria Packed fireworks explode inside a building in densely populated Lagos, Nigeria. Slideshow Frigid swims Swimmers brave the cold temperatures to take a dip. Slideshow Sponsored Links India's Singh says 8 percent growth target "ambitious" Tweet Share this Email Print Related News India clamps down on gang rape protests, PM appeals for calm Mon, Dec 24 2012 India and Russia seal defense deals, hail partnership Mon, Dec 24 2012 India's Modi wins state poll, may boost prime ministerial ambitions Thu, Dec 20 2012 Indian government wins vote on supermarket reform Wed, Dec 5 2012 India's GDP growth languishes, headed for decade low Fri, Nov 30 2012 Analysis & Opinion Editorâ€™s choice: Best of Reuters India in 2012 Signs of recovery in real estate but challenges ahead Related Topics World » India's Prime Minister Manmohan Singh attends the plenary session of the ASEAN-India Commemorative Summit in New Delhi December 20, 2012. Credit: Reuters/Adnan Abidi NEW DELHI | Thu Dec 27, 2012 12:45am EST NEW DELHI (Reuters) - Prime Minister Manmohan Singh struck a downbeat note on the challenges facing the Indian economy on Thursday, dubbing a five-year plan for average growth of 8 percent "ambitious". India's GDP growth has languished below 6 percent for three straight quarters, a far cry from the near-double-digit pace of expansion before the 2008 global financial downturn. Economic growth for the fiscal year ending in March is expected to be 5.7-5.9 percent, India's slowest since 2002/03. "I must emphasize, that achieving a target of 8 percent growth, following less than 6 percent in the first year, is still an ambitious target," Singh told a conference of state chief ministers to finalize the government's 2012-2017 economic plan. The downturn prodded Singh, castigated for years of policy inertia, to launch the most daring initiatives of his tenure in September, including raising subsidized diesel prices and opening the retail and other sectors to foreign players. However, one of Singh's key policy advisers, Montek Singh Ahluwalia warned at the meeting that growth could get stuck at 5.0-5.5 percent if a policy logjam continues. "A high growth scenario will not be realized if we follow a business-as-usual policy," Singh said, echoing his adviser. "Our first priority must be to reverse this slowdown. We cannot change the global economy but we can do something about the domestic constraints which have contributed to the downturn." Analysts say the government must take more reform steps quickly, including speeding up the process for approval of investment projects, overhauling the tax system and reducing a swollen fiscal deficit by reining in its subsidy bill. Singh said that subsidies on energy products should be limited, with a phased adjustment of prices. "Unfortunately, energy is under-priced in our country. Our coal, petroleum products, and natural gas are priced well below international prices. This also means that electricity is effectively under-priced," he said. "Immediate adjustment of prices to close the gap is not feasible, I realize this, but some phased price adjustment is necessary." He added that early implementation of a Goods and Services Tax (GST), a long-delayed plan intended to replace myriad state and central taxes, was critical to raise the tax/GDP ratio. (Reporting by Rajesh Kumar Singh; Editing by John Chalmers) World Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Edition: U.S. Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Connect with Reuters Twitter Facebook LinkedIn RSS Podcast Newsletters Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Thursday, 27 December 2012
South Africa's Mandela discharged from hospital: government |
Sudan's Bashir says ready to meet Kiir to try to get oil flowing |
Turkish ex-president's son wants autopsy report made public |
Central African Republic wants French help as rebels close in on capital |
U.S. appeals court revives workplace cybertheft lawsuit |
Jury orders Marvell to pay $1.17 billion in patent case |
Christmas box-office haul paces Hollywood for record year |
Natalie Portman, Kristen Stewart most bankable Hollywood stars |
Syria to discuss Brahimi peace proposals with Russia |
Nelson Mandela not yet fully recovered: spokesman |
Children, many ill, would be victims of Russia ban on U.S. adoption |
Cambodia court sends scapegoats back to jail for unionist murder |
India's Singh says 8 percent growth target ambitious |
Nicaragua volcano spews ash cloud, residents evacuated |
Amazon most satisfying website to shop: survey |
Analysis: Amazon's Christmas faux pas shows risks in the cloud |
Chipmaker Marvell loses $1.17 billion patent verdict |
U.S. charges analyst in IBM insider trading case |
'Thunderbirds' creator Gerry Anderson dies |
Piano maker Steinway takes down 'for sale' sign |
Russia's Putin suggests he will sign U.S. adoption ban |
Christian politician quits Egypt upper house as tensions persist |
Iran will open suspect military base if threats dropped: report |
Central African Republic appeals for French help against rebels, Paris balks |
New India rape protests fizzle, victim airlifted to Singapore |
Taliban capture at least 22 Pakistani government forces |
Life returns to shell-shocked Syrian town |
Russian ex-defense minister to be questioned in fraud case |
Only son of Pakistan's murdered Bhutto launches political career |
British actress Kate Winslet marries for third time |
Billy Crystal channels real-life role in Parental Guidance |
Soprano Bartoli: My voice has more colors, shadow |
Piano maker Steinway takes down for sale sign |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01