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Indian PM urges people to back economic reform

09-22-2012 01:12 BJT

NEW DELHI, Sept. 21 (Xinhua) -- Indian Prime Minister Manmohan Singh on Friday appealed to the Indian people to support economic reform, saying time has come to make hard decisions.

In a televised address to the nation, Singh said his government does not want to impose burden on common people with "some important economic policy decisions" made over the past one week, including opening up retail market to foreign investment and hiking diesel price.

"The time has come for hard decisions. For this I need your trust, your understanding and your cooperation," he said, vowing that more and tougher reform measures are to come.

"Please do not be misled by those who want to confuse you by spreading fear and false information. The same tactics were adopted in 1991. They did not succeed then. They will not succeed now," said the prime minister in reference to the liberalization measures adopted by the Congress party in 1991 which paved the way for the country's economic reform for the first time since Independence.

The Indian government has decided to open up retail sector, aviation and broadcasting market to foreign investment, soon after announcing diesel price rise and capping supply of government subsidized gas cylinders to households to reduce budget deficit.

The oppositions and Congress's ally, the Trinamool Congress, protested the measures with a nationwide strike Thursday and the latter pulled out of the Congress-led ruling coalition.


Editor:Zhang Dan |Source: Xinhua

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