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Government to act tough: PM

Prime minister Manmohan singh on Tuesday said his government is determined to take tough decisions including which controlling subsidies to reverse the expansion of the fiscal deficit, even as he expressed confidence of bringing back the rhythm of high growth of 8-9 percent per annum. Concerned for the dip in india’s economic growth, Singh said the public in the country is impatient for a return to high growth and fester jobs creation. The Prime Minister addressed some critical issues relating to the slowdown in India's economy in his address during the Plenary Session of the seventh Summit of the Group of 20 developed and developing countries. The country's growth slowed to a nine-year low of 5.3 percent in the fourth quarter of 2011-12. The prime minister also spoke and focused about the investments to India being affected by the adverse global climate which impacts both foreign and domestic investors. He added, "We are taking steps to revive investor sentiment. We are determined to create an environment that would boost investor sentiment and promote an atmosphere conducive to enterprise and creativity,".

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