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Sustaining high growth a challenging task: Pranab

delhi Updated: Nov 19, 2010 21:05 IST

Finance minister Pranab Mukherjee on Friday said that achieving and sustaining high economic growth along with inclusive growth is a challenging task but he is hopeful of achieving it.

Speaking on the first day of the Hindustan Times Leadership Summit, the finance minister said that the current phase of globalisation has shrunk the world and made boundaries between countries irrelevant.

He said that development in one part of the globe has implications on the other part and pointed out that the recent economic crisis is an example.

Mukherjee further said that in an ideal case there should not be conflict in achieving and sustaining growth, but this is not practically true due to the large gap in the income of people and poverty.

The finance minister said that with reform and development the focus has shifted to non-government organisations for taking forward the job, while the government would create an enabling environment. He said that the government steps in to help those who can't do well for themselves.

Mukherjee said that UPA Government has tried to balance these policies as for them inclusive development is an act of faith. He said that his government is working on draft food security bill, which is in the public domain for discussion.

The minister said that in the 11th Five Year Plan the government has outlined a strategy for taking the green revolution to the eastern part of the country.

The thrust of development is on infrastructure, enactment of right to work and right to education he said.

The minister said that the success of the UPA Government's strategy depended on achieving high growth for a considerable period of time.

Taking steps in the direction of inclusive growth, the government is working towards tackling the issue of governance.

He said that UID is a step in the direction of enhancing access of poor to the benefits of their policies and programmes.

He further said that each country has to chart its own path for growth and India too is trying to set its own path.

Finally, Mukherjee said that the nation is capable of achieving the objectives and this can be assumed from the fact that India has achieved high growth consistently for the last four years.

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