New Delhi: Prime Minister Manmohan Singh will meet industry leaders on Monday to hold a discussion on key problems plaguing the Indian economy. Problems relating to slow growth rate of the economy, the depreciation of the rupee and the nation's Current Account Deficit are on the agenda.
The meeting comes against the backdrop of slow industrial production and liquidity tightening measures undertaken by the RBI to slow down the decline in value of the rupee. The initiatives being taken by the RBI are likely to further choke growth.
Last week, Manmohan Singh had expressed concerns over economic slowdown and volatility in foreign exchange markets but at the same time defended his government's policies saying it is committed to bringing the situation under control. Addressing the Assocham meet, Manmohan Singh said, "I know there are concerns on slowdown. Our country is going through a difficult period and the most immediate cause of worry is the recent volatility in foreign exchange markets."
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