India can achieve a growth rate of 8-9 per cent provided there is a "national consensus" on methods to take advantage of globalised world, said former Prime Minister Manmohan Singh, whose tenure saw the economy registering three years of 9-plus growth rate.
"I think that even though many other emerging economies are not doing too well, India has an opportunity to move towards a growth rate of 6-7 per cent and thereafter to 8 per cent," Singh said while delivering a lecture at Ficci.
He said the country is poised to take advantage of globalisation and engage in trade to finance its imports through exports.
"Today we cannot grow in isolation... India is well placed to take advantage of this situation provided we evolve a meaningful national consensus to move ahead," he said.
Except for India, other emerging economies -- like Brazil, Russia and South Africa -- are not doing well, Singh said, adding the country is poised for a 8-9 per cent growth.