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AUG 30, 2013 - The Guardian

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Manmohan Singh tries to quell fears over Indian economy

PM makes rare speech in parliament after slide in value of rupee, saying India is not facing repeat of 1991 crisisIndia's prime minister, Manmohan Singh, has made a rare speech in parliament in an attempt to restore investors' confidence in the Indian economy and halt the slide of the rupee.Singh, an economist credited with leading a crucial wave of reforms in the early 1990s but recently widely criticised for inactivity, said India was not facing a repeat of a balance of payments crisis that shook the country in 1991 and said fears that economic growth could slip to as low as 3% were ... Read More

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