LD PM 2

Singh said overseas Indians have been conservative in
their investments and they should take a "careful look" at
India which is today "one of the top investment destinations".
Apparently responding to non-residential Indian (NRI)
steel magnate L N Mittal's complaint that India was not
prepared to receive investments, Singh said he recognises the
"frustration" of "well-wishers" that "things don't work faster
or why well formulated plans and policies don’t get
implemented as well as they should be."
He explained that this was because the Indian government
wanted to carry all sections of people along in national
development.
"It is probably true that we are a slow moving elephant
but it is equally true that with each step forward we leave
behind a deep imprint," he said.
"It is perhaps a price worth paying. Each citizen should
feel that his or her voice is heard and have a sense of
participation in national development. This is the only way we
know to accommodate the enormous diversity of opinions and
interests in our country," Singh added.
"We are all legitimately proud of India’s vibrant
democracy. But I cannot say that we have delivered in full
measure on the enormous promise and potential of our country,"
the Indian Prime Minister said.
He said India had weathered the "unprecedented" global
economic crisis and was hoping for 7 per cent growth this
year, which is one of the fastest in the world.
"We are equally optimistic that we can return to and
sustain an annual growth rate of 9-10 per cent in a couple of
years," Singh said. (MORE) PTI