PM blames lack of political consensus for slow growth

Wednesday, Aug 15, 2012:  Battling the charge of policy paralysis in the government, Prime Minister Manmohan Singh today blamed lack of political consensus for slow growth and vowed to do everything to boost economy through investments while linking development processes to national security.

Addressing the nation from the ramparts of historic Red Fort on the occasion of 66th Independence Day, he promised to work for reducing corruption in public life and sought the help of all political parties in passing the Lokpal and Lokayuktas Bill in Parliament in this regard.

During his 35-minute speech in Hindi, Singh made a host of announcements in social sector like expanding the national health scheme and electrification, undertaking skill development and assessment of teachers.

The 79-year-old economist Prime Minister also sought to encourage foreign investors, who have been apprehensive after certain recent taxation decisions, that there would be “no barriers” to investment in India.