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.

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.

HT Image

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.