Speaking at a conference, Singh asserted that high investments in the infrastructure will fuel India's economic growth.
Singh said, "We expect a growth of 8.5 per cent in 2010-11 and I do hope we can achieve 9 percent in 2011-12."
"But we need to do even better. A 10 per cent per annum target is what we should work towards," Singh said.
The Prime Minister also said, "While a double-digit growth looked ambitious, it was not impossible and was something that had indeed been achieved by some emerging economies."
"For this we will make continued improvements in our policy regime and procedures," Singh added.