Jaipur: Prime Minister Dr Manmohan Singh on Monday said the country was passing through difficult times and the economic growth in the current fiscal would be 7 per cent, down from 8.5 per cent a year ago.
“Our country is going through difficult times … We are up to the task of meeting these challenges we face as a nation”, he said while addressing the 10th Pravasi Bharatiya Divas being attended by over 1,900 overseas Indians.
Despite an adverse international environment, Singh said, “the Indian economy is expected to grow by about 7 per cent this financial year ending March 31.”
The country recorded a GDP growth rate of 8.5 per cent in 2010-11 which estimated to grow by 9 per cent in the current fiscal. (PTI)
