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PM spells out 3 mantras to sustain 7-8% growth

The 3-point mantra would be to promote farm sector, investment, especially in infrastructure and job creation.

india Updated: Jan 23, 2006 20:33 IST
Press Trust of India
Press Trust of India

Unveiling the future economic agenda of UPA, Prime Minister Manmohan Singh on Monday said its three-point mantra would be to promote farm sector, investment, especially in infrastructure, and job creation to sustain a high 7-8 per cent growth.

"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.

First Published: Jan 23, 2006 16:24 IST