Prime Minister Manmohan Singh has said the priority of the new Congress-led government was the revival of economic growth and creating new employment opportunities that had been slowed down by the global recession.

Addressing the newly-elected party MPs after being named the prime minister by the Congress Parliamentary Party, Manmohan Singh said: "There is some slowing down of investment and employment generation. We have to reverse this."

He said the challenges before the country were daunting. "Many nations in Asia are marching ahead."