4.5 per cent GDP growth rate unacceptable, worrisome: Manmohan Singh

4.5 per cent GDP growth rate unacceptable, worrisome: Manmohan Singh

AgenciesUpdated: Friday, November 29, 2019, 08:48 PM IST
article-image
Manmohan Singh | PTI Photo/Manvender Vashist

New Delhi: Former prime minister Manmohan Singh said on Friday the GDP growth rate of 4.5 per cent was unacceptable and worrisome, and urged his successor Narendra Modi to set aside "deep-rooted suspicion" of society and nurse India back to harmonious, mutually trustworthy society that can help the economy soar.

Delivering his valedictory address at a national conclave on economy, Singh said mutual trust is the bedrock of societal transactions fostering economic growth, but "our social fabric of trust, confidence is now torn and ruptured".

He said the "toxic combination of deep distrust, pervasive fear and a sense of hopelessness in our society" is stifling economic activity and growth.

RECENT STORIES

Elon Musk Pipped By Maverick Founder Larry Ellison Who Once Eyed Apple; Oracle Stocks Sizzle

Elon Musk Pipped By Maverick Founder Larry Ellison Who Once Eyed Apple; Oracle Stocks Sizzle

Indian Millennials Are Different From APAC Ones, They Prefer Family Trips

Indian Millennials Are Different From APAC Ones, They Prefer Family Trips

Rupee As THE New Reserve Currency? CEA Nageswaran Clarifies

Rupee As THE New Reserve Currency? CEA Nageswaran Clarifies

Stop Dreaming About That iPhone, Instead Look At This Stock For Sweet Gains

Stop Dreaming About That iPhone, Instead Look At This Stock For Sweet Gains

Nepal on boil, India Inc's turmoil; Hilton Kathmandu Set Ablaze

Nepal on boil, India Inc's turmoil; Hilton Kathmandu Set Ablaze