Corrective steps can help attain 7% growth target

Guntur, March 24 | Updated: Mar 25 2005, 05:30am hrs
Deputy chairman of the Planning Commission Montek Singh Ahluwalia on Thursday said corrective measures in health, education, agriculture and infrastructure sector can help attain the target of 7% growth rate.

Addressing at the 26th convocation of Acharya Nagarjuna University near here, Mr Ahluwalia said deficiencies in education and health were glaring.

Adult literacy is 62% in India compared to 98% in China, Thailand and Indonesia. "We need better equipped primary schools to upgrade the quality of teaching", he said.

Emphasising role of infrastructure in the economic development he said resources worth $200 billion was required to close the infrastructure deficit which the public sector alone cannot mobilise, and urged for private-public sector partnership.

Referring to the agricultural sector, he pointed out the decline in its growth rate to 1.5% from the 3.2% per year in the mid-90s and underscored the need to restore agricultural dynamism in the country.