"Despite the economic slowdown, we hope to achieve a growth rate of 7.5 percent in the current financial year," the economist-turned-prime minister told the Majlis-ash-Shura, the Saudi parliament.
"In the next 25 years, we aspire to (having) growth rates of between 9 and 10 percent annually. This will enable us to lift millions of our people out of poverty so as to transform
The speech was a highlight of his engagements on the last day of a three-day visit to
Addressing the Majlis is a rare honour conferred by
Manmohan Singh said there was vast potential to deepen Saudi-India relations. "We seek Saudi investments in a range of sectors from infrastructure and manufacturing to the services and hospitality sector.
"Equally, Indian industry is ready to take advantage of the many opportunities that are opening up in the IT, banking, telecommunications and pharmaceutical and hydrocarbon sector in Saudi Arabia," he said.
IANS