The private sector got a special invitation from the Prime Minister, Dr Manmohan Singh, to seize the immense opportunities in agriculture, both for supplying inputs and for processing and marketing the produce. Addressing the closing session of the India Economic Summit 2005, Dr Singh said though the Tenth Plan assumed a growth rate of 4% for agricultural production, the reality was different. He said the integrated food law, the transferable warehouse receipts and the advanced forward market in commodities, along with the amendments to the Essential Commodities Act, were major steps towards having a single integrated market for agriculture in India. About the overall economy, the Prime Minister said it was likely to grow by about 7.5 %this year.