Singh stressed the need for sustaining capital inflows

Singh stressed the need for sustaining capital
inflows, taking advantage of rapid scientific and
technological developments in the world to enable India to
leap frog in development and ensure that the country's growth
is not constrained by scarcity of natural resources.

All these required active engagement by India in all
multilateral fora, and in the shaping of the world order,
whether in the field of trade, international finance or the
international economy, he said.

Insularity was not an option, Singh said, adding India
should play a role in the international arena in a manner that
makes a positive contribution in finding solutions to major
global challenges, whether in the field of trade or climate
change.

Referring to the recession, the prime minister said
despite the global slowdown, Indian economy was still the
second fastest growing economy in the world.

He, however, said all out efforts were needed to put
the economy back on a sustained high rate of growth if the
challenges of poverty and disease were to be effectively
addressed.

The five-day conclave of Indian envoys was inaugurated
by External Affairs Minister S M Krishna Monday. PTI AKK
ANU


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