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    <title>Text of the Speech of Union Finance Minister, Shri Pranab Mukherjee at Conference on “Global Economic Situation: New Order Emerging?” n Delhi Economics Conclave Following is the text of the speech delivered by Union Finance Minister, Shri Pranab Mukherjee at a conference on “Global Economic Situation: New Order Emerging?” in Delhi Economic Conclave, here today.</title>
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    <description>Global economic prospects remain fragile after the 2008 crisis, with sovereign stresses and integrated financial markets magnifying contagion. Coordinated policy responses are needed to balance short-term stabilization and long-term structural reform. Expanding infrastructure investment and technology flows in emerging economies can boost demand and productivity. India&#039;s immediate priorities are inflation control, fiscal and current account consolidation, and reversing weakness in consumption and investment; medium-term focuses include human development, skill formation, financial inclusion and sustainable infrastructure. Conventional fiscal and monetary tools are constrained, increasing the importance of structural reforms and consensus-driven implementation.</description>
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    <pubDate>Thu, 15 Dec 2011 18:36:48 +0530</pubDate>
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      <description>Global economic prospects remain fragile after the 2008 crisis, with sovereign stresses and integrated financial markets magnifying contagion. Coordinated policy responses are needed to balance short-term stabilization and long-term structural reform. Expanding infrastructure investment and technology flows in emerging economies can boost demand and productivity. India&#039;s immediate priorities are inflation control, fiscal and current account consolidation, and reversing weakness in consumption and investment; medium-term focuses include human development, skill formation, financial inclusion and sustainable infrastructure. Conventional fiscal and monetary tools are constrained, increasing the importance of structural reforms and consensus-driven implementation.</description>
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