India, China must work together, says Modi

Source: The Hitavada      Date: 02 Jun 2018 10:22:26


 

By Gurdip Singh,

SINGAPORE,

(PTI),

ASIA and the world will have a better future when India and China will work together with trust and confidence, Prime Minister Narendra Modi said on Friday, over a month after his first informal summit with Chinese President Xi Jinping. In his keynote address at the Shangri-La Dialogue here, Modi said India and China have displayed maturity and wisdom in managing issues and ensuring a peaceful border. He asserted that an Asia of ‘rivalries’ will hold the region back while an Asia of cooperation will shape the century.

“It is a world that summons us to rise above divisions and competition to work together,” the Prime Minister said. Referring to regional maritime issues, Modi said India does not see the Indo-Pacific region as a strategy or as a club of limited members. “India stands for a free, open, inclusive Indo-Pacific region, which embraces us all in a common pursuit of progress and prosperity,” he said. He further said, “We believe that our common prosperity and security require us to evolve, through dialogue, a common rules-based order for the region.”

On issues relating to trade, Modi said India stands for an open and stable international trade regime. “Competition is normal. But, contests must not turn into conflict; differences must not be allowed to become disputes,” he said. Modi and Xi had held an informal summit in Chinese city of Wuhan in April last week during which they exchanged views on solidifying the relationship between the two Asian powers.

 

‘India’s economy will sustain growth of 7.5 to 8 per cent’

SINGAPORE,

(PTI),

INDIA’S economy will sustain a growth of 7.5 to 8 per cent per year, Prime Minister Narendra Modi said here on Friday.The Indian Government has kept its economic growth forecast for the current fiscal unchanged at 7.5 per cent, buoyed by turnaround in manufacturing and pick up in investment. “We will sustain a growth of 7.5 to 8 per cent per year,” Modi said. As India’s economy grows, its global and regional integration will increase, he said.

“A nation of over 800 million youth knows that their future will be secured not just by the scale of India’s economy, but also by the depth of global engagement.“More than anywhere else, our ties will deepen and our presence will grow in the region. But, the future we seek to build needs a stable bedrock of peace. And, this is far from certain,” the Prime Minister said.

There are shifts in global power, change in the character of global economy and daily disruption in technology, he said. “The foundations of the global order appear shaken. And, the future looks less certain. For all our progress, we live on the edge of uncertainty, of unsettled questions and unresolved disputes; contests and claims; and clashing visions and competing models,” Modi added. India’s GDP grew at the fastest pace in seven quarters at 7.7 per cent in January-March.