HIGHLIGHTS - Prime Minister Manmohan Singh says reform pace will quicken
NEW DELHI (Reuters) - There are clear signs of an upturn in the Indian economy, which is expected to expand by 6.5 percent in the year to March 2010, Prime Minister Manmohan Singh said on Sunday.
Following are excerpts from Singh's speech at the World Economic Forum's India Economic Summit.
GROWTH:
"I am happy to say that India has been able to face the global economic downturn better than most other countries in the world. The Indian economy grew at a respectable rate of 6.7 percent in 2008/09.
"In the current financial year, we also faced the adverse impact of an inadequate monsoon and the resultant slow down in agriculture.
"Nevertheless growth is expected to be around 6.5 percent. There are clearly signs of an upturn in the economy. With a normal monsoon next year, we hope to achieve a growth rate of over 7 percent.
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