Business Standard

4.5% GDP growth rate unacceptable, worrisome: Former PM Manmohan Singh

He said the "toxic combination of deep distrust, pervasive fear and a sense of hopelessness in our society" is stifling economic activity and growth

Former PM Manmohan Singh

Former PM Manmohan Singh

Press Trust of India New Delhi
Former prime minister Manmohan Singh said on Friday the GDP growth rate of 4.5 per cent was unacceptable and worrisome, and urged his successor Narendra Modi to set aside "deep-rooted suspicion" of society and nurse India back to harmonious, mutually trustworthy society that can help the economy soar.
Delivering his valedictory address at a national conclave on economy, Singh said mutual trust is the bedrock of societal transactions fostering economic growth, but "our social fabric of trust, confidence is now torn and ruptured".
He said the "toxic combination of deep distrust, pervasive fear and a sense of hopelessness in our society" is stifling economic activity and growth.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Nov 29 2019 | 7:45 PM IST

Explore News