India’s growth momentum will revive, says PM Manmohan Singh

11:07 am The rate of growth of achieved in the past 9 years is the highest for any 9-year period – PM

11:07 am Economies have ups and downs and we should not focus on the sort term – PM

11:05 am Our party did not do well but but we will reflect on what went wrong – PM

11:05am Our people have demonstrated their faith in the institution of democracy by voting in record numbers – PM

11:04 am India’s growth momentum will revive – PM

11:03 am I do believe that we are set for better times, the cycle of global economic growth is turning for the better – Manmohan Singh

It is only the third occasion during UPA’s 10-year rule when he will face the media. In his New Year message, Manmohan Singh said it is time to make a “new beginning” and take “corrective action”.

The UPA government and the Congress party had been going through trying times all through last year. The slide in Congress’ popularity became apparent by the drubbing the party faced in the recently-held Assembly Elections in Delhi, Madhya Pradesh, Rajasthan and Chhattisgarh.