Economy eager to absorb FDI: PM | business | Hindustan Times
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Economy eager to absorb FDI: PM

India is eager to absorb foreign direct investment, Prime Minister Manmohan Singh said today in the Chinese town of Sanya in a statement at the Brics summit, which included China, Brazil, Russia and South Africa.

business Updated: Apr 14, 2011 14:50 IST

India is eager to absorb foreign direct investment, Prime Minister Manmohan Singh said on Thursday in the Chinese town of Sanya in a statement at the Brics summit, which included China, Brazil, Russia and South Africa.

Singh also said the economy was well positioned to achieve annual long-term growth of 9% or more.

The Prime Minister said the health of the financial and capital markets was sound.

The economy is expected to grow 8.6% in the fiscal year that ended in March.