India will be able to sustain high economic growth despite several challenges, Prime Minister Manmohan Singh said on Monday, and the government’s aim was to contain inflationary expectations without hurting expansion.
Singh was speaking at an annual meeting of a leading industry lobby group.
The Indian economy, Asia’s third-largest, grew 9.0 percent in 2007/08 and the central bank estimates it will expand 8-8.5 percent in the fiscal year ending March 2009.
India’s economic growth is threatened by high crude oil prices, Prime Minister Manmohan Singh said.
Singh was speaking today at the Associated Chambers of Commerce and Industry in New Delhi.
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