US pat on back for India over economic reforms booster shots
"By championing a new round of reforms in September, the current Indian Government has raised the prospect that strong economic growth will continue.
"For example, in allowing foreign direct investment in multi-brand retail, India's Ministry of Commerce estimates 10 million new jobs will be created," Geoffrey Pyatt, Principal Deputy Assistant Secretary of State for South and Central Asian Affairs, said.
Addressing the 6th IISS-NESA South Asia Security Conference in Muscat, Oman, over the weekend, Pyatt praised Prime Minister Manmohan Singh for lndia's remarkable development in recent years.
"Prime Minister Manmohan Singh has championed India's global engagement, from his time as Finance Minister to his current stint as leader of the world's largest democracy," he said, according to the copy of his speech released by the State Department.
By dispelling the myth that India must choose between inclusive growth policies and being a robust global economic driver, he put his country on a path to indigenous technological advancement and historic private sector-led growth, with 174 million Indians expected to enter the work force by 2030, Pyatt said.
"By aiming to invest a trillion dollars ... in sustainable infrastructure over the next five years, the Prime Minister will ensure that the growth story that bears his imprimatur will last well beyond his tenure," the US
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