SME Times News Bureau | 21 Apr, 2010
Prime
Minister Manmohan Singh said Wednesday the Indian economy would grow at
8.25 percent in the current fiscal, but this will have little meaning
unless there is equitable growth.
"Our medium term target is to return the economy to an annual growth
rate of 9 percent. Inclusive growth is the centrepiece of our
developmental agenda. Rapid growth will have little meaning, however,
unless social and economic inequalities, which still afflict our
society, are eliminated quickly and effectively," he said in his
address at the Civil Services Day function here.
The prime minister said the growth rate for 2009-10 is now estimated at
7.2 percent and the forecast for 2010-11 is 8.25 percent.
"The problems and challenges that we face today are not only very
different from those which we encountered soon after Independence but
are also increasingly complex. Our population has grown manifold, as
has the size of our economy. Our country is getting increasingly
urbanized."
"Globalization and a more inter-connected and inter-dependent world in
which we live in bring both new opportunities and new challenges," he
said, adding that the civil services have "a major role to play in
helping government fashion a suitable and adequate response to all
these issues".
He said the government has an array of programmes for employment and
income generation, for education and health, for building
infrastructure and improving food security through an efficient public
distribution system.