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Home -> Finance -> Full Story
PM’s eight-point agenda to spur economic growth
Saturday, July 13 2002 15:37 Hrs (IST)

New Delhi: Addressing the meeting of his Economic Advisory Council, Prime Minister Atal Behari Vajpayee had earlier listed eight critical areas which need to be addressed for pushing economic growth.

Following is the eight-point agenda unveiled by the Prime Minister at the meeting of his economic advisory council on July 13:

* Implementation of policies and programmes

* Speed up economic reforms with government withdrawing from production barring a few clearly specified strategic sectors

* Govt to shoulder dominant, though not exclusive responsibility for physical and social infrastructure

* Speed up employment-oriented growth

* Remove imperfections plaguing financial markets. Channel higher rate of savings into productive investments.

* Reduction and re-targetting of subsidies to reduce overall fiscal deficit. Barring few who deserve subsidy, make others pay for what they use.

* Govt to lauch initiative for acclerated completion of railway projects that are critical and remunerative.

* Align long-term growth strategy to population, encourage demographic transition.

PTI