Unnerved by the Fitch downgrade of its outlook on the Indian economy. The prime minister is telling the world that his government will take "tough" decisions to return the country to the 8-9 per cent growth rate. Addressing the Plenary Session of G-20 summit, Manmohan Singh spoke of controlling subsidies and reviving investor sentiment in the country. Two fronts on which the government has failed miserably, leading S&P to strongly criticise its inability to move ahead with economic reforms last week.

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