President rolls out reform agenda
Kalam also said the Govt would step up infrastructure development in ports, roads, power, airports, telecom and railways to sustain high growth.india Updated: Feb 16, 2006 12:14 IST
Rolling out the reform agenda ahead of the Budget, President APJ Abdul Kalam on Thursday said the Government will create a common market for agriculture.
Kalam also said the Government would step up infrastructure development in ports, roads, power, airports, telecom and railways to sustain high growth.
Promising to keep the price line at a modest level despite surging global energy prices, Kalam said the UPA government is committed to efficient management of public utilities and enterprises in the pursuit of reform.
In his address to joint sitting of Parliament, marking the beginning of the Budget Session, Kalam said the economy was on the move and after none too exciting growth of around 5 per cent per annum during 1999-2003, it has bounced back recording 7.5 per cent growth in 2004-05 and likely to cross 8 per cent this fiscal.
"This is probably a precursor to better times to come in the future...The Government's prudent and judicious management of the economy has helped it to perform exceedingly well despite unprecedented rise in oil prices which was of immense satisfaction," he said.
The renewed optimism of the people is visible in the savings rate which now over 29 per cent and the investment rate which is near 31 per cent, the President said.