Prime Minister Manmohan Singh on Saturday urged Indian entrepreneurs to think "big", promising that his government would remove the "barriers to growth". "Our government will remove barriers to growth and encourage companies to become globally competitive," Singh told a conference of chief executive officers (CEOs) from top Indian companies. "We must think big and think boldly. We must move away from (the) paradigm of incremental growth to a paradigm of exponential growth and growth into uncharted territory," he said.
"Our motto and our goal should be to do as well as a country like China does whether it is in the area of growth of GDP, growth of manufacturers, growth of trade or growth of infrastructure."
China's gross domestic product (GDP) is forecast at around 8.5 percent for the current financial year while India's growth is expected to hover between 6.0 to 6.5 percent by March-end.
Singh, a former economist and father of India's economic reforms, said India should move towards a global scale in manufacturing and services, stressing that success stories of public and private sector should be replicated so that more and more Indian firms go global.
He promised assistance to the country's top public sector companies to help them get globalised.
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