India should sustain high growth: PM

Agencies

Posted: Friday, Oct 30, 2009 at 1313 hrs IST
Updated: Friday, Oct 30, 2009 at 1313 hrs IST


Font Size

Print

Feedback

Email

Discuss

New Delhi: Prime Minister Manmohan Singh said the country should aim at a sustained economic growth of 9-10 per cent over the next decade as he pushed for more reforms and increased investment in sectors like infrastructure and agriculture.

Making it clear that development of rural areas and uplift of social classes would be crucial to building the "India of tomorrow", he said his government had taken a series of initiatives aimed at investing in rural and urban infrastructure, generating maximum employment and improving productivity of farm economy.

To a question about reforms, particularly in labour, insurance and financial sector, being stalled, he said, "We need to push forward the reforms process in the areas you mentioned and we will do so."

"2020 is not far away. Our primary challenge in the next decade will be to sustain high rates of economic growth, to ensure that the growth process remans equitable, to invest in the education and health of every child and adult, to generate gainful employment," he said.

Among the challenges he listed were the building of modern, efficient and environment-friendly infrastructure and ensuring that government and public services are efficient and responsive to people's needs and function transparently.

"We should aim to sustain growth rates of 9 to 10 per cent per annum," he repeated.

More from Economy

Discuss this story on expressindia forums

Post Comments

Comments: (Limit 3,000 characters)
Name
Message
Email ID
Subject
TERMS OF USE:
The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).
I agree to the terms of use.

Comments
» GROWTH WITH LOW INFLATION
Posted by Anand on 2009-10-30 17:17:33.153977+05:30
Does Manmohan realize where the growth phobia has left us today ?? It is mindless to pursue high growth at the cost of galloping inflation which could only result in bubble creation in various sectors. Growth could be equitable only if it is attained with low inflation and one does not mind if that growth rate hovers only between 5-6% because that will lead to a more equitable growth path. The example of Western Countries is before us and how they are finding it very difficult today to prop up growth. Artificial injection of liquidity into the economy will do more harm than good in the long run.

Flowers & Cakes DeliveryExpress Classifieds
Post and view free classifieds ad
Express Astrology
Know what's in the stars for you