Prime Minister Manmohan Singh today said India was poised to achieve 9-10 per cent economic growth, but it required protection-free international climate for this.
During his meeting with US President Barack Obama, Singh said there was a need to “rewrite” the architecture of global economic system in which the G-20 could play an important role. Singh and Obama discussed a broad range of issues, including global economic crisis, follow-up of G-20 meetings, food security and energy security. Talking about India’s context, he said the country was poised to achieve high economic growth of 9-10 per cent, given the savings rate of 35 per cent and investment rate of 37 per cent.
