Dec 27, 2012 10:39 (IST)
Prime Minister Manmohan Singh addressed the meeting of the National Development Council in New Delhi.
Here are the highlights of his speech:
Here are the highlights of his speech:
- Our first priority is to reverse this slowdown
- Achieved 7.8 per cent growth in 11th Plan despite slowdowns
- This growth was much more inclusive as compared to earlier plans
- Better agriculture growth is a reason for faster decline in poverty
- Poverty declined faster and this will hold even if poverty line is revised
- We cannot change the global economy
- But we can do something about the domestic constraints that have impacted growth
- We need to pay special attention to the disparities in our country
- While we need to accelerate growth it is not the end goal
- We need to enrich the life of the aam admi
- Rapid growth is necessary to push inclusiveness
- We have to fast track large projects and resolve issues related to fuel supply
- Agriculture's contribution to GDP has fallen to 15 per cent but a large number of population still depends on agriculture
- We need to move people out of agriculture and give them more gainful employment elsewhere
- Growth in manufacturing should be in double digits
- Better infrastructure must for economic growth
- India has the second-largest number of PPP (public-private partnership) projects
- Resource constraint is a major bottleneck for infrastructure development
- Centre to step up investments in infrastructure of North-Eastern states
- GDP growth in several North-East states is higher than the national average