Financial Daily from THE HINDU group of publications
Monday, Dec 26, 2005


News
Features
Stocks
Shipping
Archives
Google

Group Sites

Industry & Economy - Economy


`Three-fold strategy likely to raise GDP growth'

Our Bureau


Mr Montek Singh Ahluwalia, Deputy Chairman, Planning Commission

New Delhi , Dec 25

THE Government is planning a three-fold strategy of removing the critical policy constraints on agricultural growth, quality of physical infrastructure, and improving the fiscal strength of the Centre and States.

This is being done to raise the GDP growth levels to eight per cent plus in the 11th Plan period (2007-12), said the Deputy Chairman of the Planning Commission, Mr Montek Singh Ahluwalia.

He was addressing a special session on the occasion of the 78th AGM of FICCI.

Based on the assessment of the mid-term appraisal of the 10th Plan, it was reasonable to expect a 7.5 per cent growth and the overall surmise was that in the 11th Plan, the economy could do even better and clock eight per cent plus growth with a conducive policy architecture, Mr Ahluwalia said. A turnaround in agriculture production growth from two per cent recorded since 1997 to four per cent annually was a sine qua non for inclusive growth, he added. The National Development Council, the highest policy-making body of the Government, has set up a committee under the chairmanship of the Agriculture Minister to break up the agriculture growth strategies into components.

These would be discussed in detail with the States and the final policy will be included into the architecture of the 11th Plan, he added.

More Stories on : Economy

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Stories in this Section
Seamen's PF: NUSI strike threat rocks the boat


SC order on overloading — Truck rentals go up
Let not the claimants be put to undue harassment
Despite flooding, investments buoy TN hopes
`Three-fold strategy likely to raise GDP growth'
INSA meet on stem cells in Hyderabad
Oil Ministry favours realigning fuel prices to phase out subsidies — Final decision on pricing after Rangarajan panel report
Drug cos may not have to swallow a bitter tax pill — New policy may prescribe sops for filing patents, clinical trials
Seminar on Kerala energy sector
CCEA okays cost estimate of Tehri transmission system
Tax on garments in Kerala criticised
Compensation for VAT: Rs 274 crore disbursed to Kerala
Seminar on HR issues in textile industry at Coimbatore
Palladam weaving park achieves financial closure
Textile cos' concern over high ELS cotton prices
Book on SSI released
Conservation council for small-scale water bodies
`FMCG sector will see 40 pc growth in urban areas'
Prasar Bharati to have a new financial structure
Real estate convention to be held from Jan 22-26
Poddar takes over as FICCI President
CUSAT plans seismic station, tidal gauge
FICCI award for missile scientist
Ministry opposes captive iron ore mining by steel producers
AP Govt plans medical insurance for poor
`Demand for professional managers to increase'
Tea prices down on fall in exports, rise in output
All-round praise for TIFAC's community sheds built in tsunami-hit coastal hamlets of Nagapattinam dt.
NGOs play a vital role in tsunami rehabilitation
Disaster taught savings habit
Waves of nightmarish memories yet to recede — People of Thanjavur coast recalled the fateful with a sense of terror
`Global interest in ayurveda growing'
56 sites identified for eco-tourism in Kerala


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line