IBEF:
 

New Delhi: India will grow at a rate of 9 to 10 per cent for the next 25 years, said Prime Minister, Mr Manmohan Singh, at his three-day visit to Saudi Arabia.

The PM told the Majlis-ash-Shura, the Saudi parliament, that India hopes to achieve a growth rate of 7.5 percent in the current financial year and aspires to achieve growth rates of between 9 and 10 percent annually in the next 25 years.

Mr Manmohan Singh added that Saudi-India relations offer vast potential and that India seeks Saudi investments in a range of sectors, including infrastructure, manufacturing, services and hospitality sectors.

He also pointed that the Indian industry is prepared to take advantage of the opportunities offered in the information technology (IT), banking, telecommunications and pharmaceutical and hydrocarbon sectors in Saudi Arabia.