"I have invited the BRICs in India leaders for the next Summit of bric in 2012 and I am pleased that they have accepted my invitation," said the Prime Minister.
He told the media that the quality and sustainability of the process of global economic recovery depends to a large extent on how the BRIC economies performed. "We have reason to celebrate the management of our economies, but there is no room for complacency." Developments in Western Asia and North Africa, and subsequently of the immense tragedy that struck at the Japan brought fresh uncertainties in the global recovery process. ?
Singh said that the India has reaffirmed its commitment to a balanced and ambitious outcome for the Doha round of WTO negotiations. India would continue to engage with its partners to facilitate a multilateral trade rules-based regime which is fair, equitable and deals with the development agenda effectively, he added.
"Our economy is more open and more connected to the world that it was in the past." Our financial markets are healthy and willing to absorb foreign direct investment. "We have put in place of the ambitious plans to the social sectors and infrastructure began to bear fruit," said the Prime Minister.
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