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India's new government makes economic revival 'paramount' goal

Published on Jun 9, 2014 3:10 PM
 
Indian President Pranab Mukherjee (2nd right, in black) arrives with Indian Prime Minster Narendra Modi (front left, in tan) to address the joint session of Parliament in New Delhi on June 9, 2014. India's new government pledged on Monday to make the revival of the flagging economy its "paramount" target as it laid out its legislative agenda following Prime Minister Narendra Modi's landslide election victory. -- PHOTO: AFP

NEW DELHI (AFP) - India's new government pledged on Monday to make the revival of the flagging economy its "paramount" target as it laid out its legislative agenda following Prime Minister Narendra Modi's landslide election victory.

In an address to the two houses of parliament which was drawn up by Mr Modi's new Cabinet, President Pranab Mukherjee said India's economy faced "extremely difficult" times and that inflation was "unacceptably" high.

The speech also included a series of ambitious policy goals that had been laid out in the election manifesto of Mr Modi's Bharatiya Janata Party (BJP), including the creation of 100 new cities and a revamp of the railway network.

"The country is passing through an extremely difficult phase on the economic front," said Mr Mukherjee.

 
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