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Coalition
politics will limit growth of 10 pc: Montek
New
Delhi: Planning Commission Deputy Chairman Montek Singh
Ahluwalia has said that although a 10 percent growth looked
tempting, the pressures of coalition politics would limit
it to a target rate of eight percent. "It is tempting to
go for a double digit growth of 10 per cent. But with coalition,
it looks hugely difficult. Coalition politics is consistent
with eight per cent growth," said Ahluwalia while addressing
the India Economic Summit. "Policy requirement for this
kind of growth is huge. It is not only change in policies,
we also need to see if they are delivering properly. As
of now we have a lot to do to achieve the eight per cent
growth. Let us be practical and go for eight per cent growth
now, though not many people seem to be impressed by such
growth," Ahluwalia added. Ahluwalia said that during the
11th Plan, the Commission would also make an effort to incorporate
changes, which would indicate whether certain developmental
programmes as mentioned in the plans, were undertaken or
not. He further said that the government would have to focus
on improving the state of infrastructure, education and
health for achieving the targeted growth rate of 7-8 per
cent in the current year. Sectoral reforms being the key
to infrastructure development, the government, he said,
had laid out an agenda for public private partnership, adding,
"a lot of learning was going on". "In the beginning we may
not have got all of it right and now we are trying to make
adjustments," he said.
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