PM’s Independence Day Speech: Lack Of Political Consensus Hampering Economic Growth

PM’s Independence Day Speech: Lack Of Political Consensus Hampering Economic Growth

Addressing the nation from the ramparts of the Red Fort on the occasion of 66th Independence Day,Prime Minister Manmohan Singh on Wednesday said time has come to view development processes as matters of national security and cautioned that lack of political consensus on many issues was impeding rapid economic growth.

He hoped that all political parties will help the government in passing the Lokpal and Lokayuktas Bill in Parliament.

Singh said that the government will continue its efforts to bring more transparency and accountability in the work of public servants and to reduce corruption, and while doing so, steps will be taken to see that the morale of public functionaries taking decisions in public interest is not affected because of baseless allegations and unnecessary litigation.

On economic growth, the Prime Minister said that lack of political consensus was coming in its way.

“As far as creating an environment within the country for rapid economic growth is concerned, I believe that we are not being able to achieve this because of a lack of political consensus on many issues,” Singh said.

The Prime Minister said time has now come to view the issues which affect the development processes as matters of national security. Observing that India has been affected by ‘adverse’ external conditions, he said,”Also there have been domestic developments which are hindering our economic growth. Last year, our GDP grew by 6.5 per cent. This year, we hope to do a little better.”


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