He was speaking at the India-Asean Business Summit here on Thursday. Emphasising that India is managing a relatively healthy 5.5 per cent growth even in the global economic slowdown, Mr Pant said the country aims to achieve the 8 per cent target through a policy mix of tax reforms, fiscal prudence, labour reforms, evolution of a fully integrated national market, power sector reforms, disinvestment and good governance.
While most of the resources will be raised domestically through enhanced savings, external resources like foreign direct investment will be welcomed, the plan panel chief said.
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Simultaneously, we propose to reorient our public expenditure pattern to focus on the rapid creation of physical and social infrastructure, he said.