PM says fundamentals of economy are robust

PM says the challenge is to contain inflation but adds he is confident that steps taken by the Govt would help moderate high prices.

The broad macroeconomic fundamentals of the Indian economy are robust and the medium and long-term outlook is highly encouraging, Prime Minister Manmohan Singh said on Tuesday.

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He said the immediate challenge was to contain inflation but added he was confident that steps taken by the government would help moderate high prices.