Online edition of India's National Newspaper
Wednesday, Apr 30, 2008
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Online edition of India's National Newspaper Wednesday, Apr 30, 2008 ePaper | Mobile/PDA Version |
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NEW DELHI: Expressing his dismay over the poor international response to crisis in various sectors such as energy, food and financial, affecting the world, Prime Minister Manmohan Singh on Tuesday said India’s voice must be heard in the management of such issues. On the poor response to the ongoing energy crisis, he said the world oil demand rose by just one per cent annually over the past two years, crude prices shot up by over 90 per cent in dollar terms and 40 per cent in Euro terms.
Voicing his concern further, Dr. Manmohan Singh said, “While I am confident about the sustainability of the growth process at home, I am worried about the stability of the financial system.” The Prime Minister specifically noted that the international community was also slow to come to grips with the now visible structural weakness in the functioning of the international financial system.
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