Highlights of Chidambaram's address | india | Hindustan Times
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Highlights of Chidambaram's address

india Updated: Jul 22, 2008 13:35 IST

Following are the highlights of Finance Minister P Chidambaram's address on Tuesday during the debate on the motion of confidence moved by Prime Minister Manmohan Singh:

- India economic growth averaged 8.9 per cent in past four years

- Growth rate pegged at 9.1 per cent for 2007-08

- Growth during preceding six years under NDA rule was 5.8 per cent

- Record food grain production of 230.7 million tonnes last fiscal

- Record farm credit of Rs 2,500 billion ($62.5 billion) extended

- Farm credit target of Rs 2,800 billion ($70 billion) for 2008-09

- Rural job guarantee scheme extended to all 597 rural districts of the country

- Farm debt relief and waiver worth Rs 664.77 billion ($16.7 billion) doled out

- Farm debt relief benefited 36,387,123 farmers (36.38 million) farmers

- India must aspire to become economic superpower and emulate China

- China's rice yield 6.26 tonnes per hectare against India's 2.1 tonnes

- China's wheat yield 4.42 tonnes per hectare against India's 2.72 tonnes

- China's steel output 419 million tonnes against India's 44 million tonnes

- China's coal output 2,482 million tonnes against India's 487 million tonnes

- China proposes six-fold increase in nuclear power generation

- China proposes 50,000 MW through nuclear power by 2020.