Country faced with difficult economic situation: PM
Prime Minister Manmohan Singh Thursday said the "country is faced with difficult economic situation" and several domestic and international factors have contributed to it.
"The country is faced with the difficult economic situation and there are several causes," Manmohan Singh said during question hour in the Rajya Sabha in response to repeated demands from the opposition for a statement on the subject.
"I do not deny if there are some domestic factors but there are also international factors arising out of the changes in the US monetary stand," he said.
"There were also problems created by the tensions that are on the horizon in Syria and there have been several inevitable consequences of oil prices," he added.
"The country is faced with the difficult economic situation and there are several causes," Manmohan Singh said during question hour in the Rajya Sabha in response to repeated demands from the opposition for a statement on the subject.
"I do not deny if there are some domestic factors but there are also international factors arising out of the changes in the US monetary stand," he said.
"There were also problems created by the tensions that are on the horizon in Syria and there have been several inevitable consequences of oil prices," he added.