India eager to attract FDI

Prime Minister Manmohan Singh said in the Chinese town of Sanya in a statement at the BRICS summit that”India is eager to absorb foreign direct investment and is taking adequate measures to attract FDI .

Singh also said the Indian economy was well positioned to achieve annual long-term growth of 9 percent or more.

The Prime Minister said the health of the Indian financial and capital markets was sound.

The Indian economy is expected to grow 8.6 percent in the fiscal year that ended in March.

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