Search
      Channels
  News
  Home Loans
  Commercial Loans
  Insurance
  Credit Cards
  Calculators
  NRI Center
     Investment
  Mutual Funds
  Stock Research
  Market Tools
  Special Reports
  Fund Focus
  Company Focus
  Sector Focus
  Interviews
     Services
  Greetings
  Message Board
Partners
Home -> Finance -> Full Story

PM spells out three mantras to sustain 7-8 pc growth
Monday, January 23 2006 16:28 Hrs (IST) - World Time -

Hyderabad: Unveiling the future economic agenda of United Progressive Alliance (UPA), Prime Minister Manmohan Singh today (Jan 23, 2006) said its three-point mantra.

"We have ensured a growth rate of 7 per cent and we have to improve upon it," Singh said at the annual plenary of Congress Party here.

He said the country has to sustain a high growth of 7-8 per cent and create more jobs to reduce poverty.

The country has achieved double-digit industrial growth for the first time in nine years following the concerted efforts taken by UPA government in the last 20 months to revive the manufacturing sector, he said.

Singh said it is now being recognised all over the world that India is ready for a "take off" and there is an optimism among businessmen in India and abroad on the economy's potential.

To attain the high growth, he said the three thrust areas of the government would be to step up growth in agriculture, promote investment particularly in infrastructure and generate more jobs. UPA government has been able to keep inflation under check despite 'critical conditions', he said.

PTI