Manmohan Singh in speech praises UPA on economic growth, hits out at Narendra Modi

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SummaryManmohan Singh staunchly defends UPA economic growth record, takes pot shots at Narendra Modi.

Prime Minister Manmohan Singh on Friday sought to dispel the perception of policy paralysis when he addressed a press conference, broadly speaking on three areas - politics, economy and foreign affairs - outlining what has been achieved and what remains to be done.

Addressing the media, Manmohan Singh said he will hand over the top job to a new leader after general elections due by May.

HIGHLIGHTS

* We will reflect on the results of assembly elections and learn appropriate lessons: PM

* No individual or authority can substitute the due process of democratic governance: PM.

* Global growth cycle turning for the better: Prime Minister.

* All emerging economies including India faced slowdown in the past couple of years: PM

* We are set for better times, says PM highlighting growth rate in past 9 years is the highest.

* Number of people below poverty line has come down: PM.

* Inspite of unprecedented Parliamentary hold-up, we have passed several important laws: PM

* Concerned over not generating employment in manufacturing sector; need efforts to support medium and small enterprises: PM.

* Not successful in controlling inflation, need to increase supplies to keep food prices under control:PM

* Worry about inflation is legitimate but income for most people have increased faster than inflation: PM

* Any wrong doing in government decisions will be punished through due process of law: PM

* I will hand over the charge to a new Prime Minister after the elections in a few months: PM

* We have not been successful in controlling persistent inflation primarily because food inflation has increased: PM

* We will continue to implement our policies to revive growth, promote enterprise, generate employment and eliminate poverty: PM

* We will announce the Congress PM candidate at an appropriate time: PM.

* Corruption charges against government relate to UPA-I and people of the country have not heeded to those charges and given us a second term: PM

* When history is written, we will come out unscathed: PM

* I have ruled myself out as a PM candidate if UPA comes back to power. Rahul Gandhi has outstanding credentials to be the PM candidate: PM

* I am confident that people will recognise the need for an alliance led by Congress for carrying out economic and social revolutions: PM.

* Price rise was a factor in people turning against Congress in the recent assembly polls: PM

* It was in fact I who insisted on transparency in coal block allocation:

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