PM: Polls approaching, but nation-building must

November 01, 2012 11:38

Addressing the new council of ministers today Prime Minister Manmohan Singh. said that the fiscal deficit was too high and acted as a deterrent for domestic and foreign investment.

"India is also experiencing the fallout of difficult economic conditions
worldwide. Fuel supply arrangements, security and financial difficulties are among constraints that deter or slow down investment in infrastructure sectors.
As a result, our growth has decelerated, our exports have fallen and our fiscal deficits are expanding," Singh says.

This is the first meet since the reshuffle. The Parliament winter session is beginning on November 21.

Here's the full text of the PM's speech

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