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Tuesday, May 15, 2001

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Govt. aiming at 9 p.c. growth: Sinha

SINGAPORE, MAY 14. The Finance Minister, Mr. Yashwant Sinha, said today the Government was working towards achieving nine per cent economic growth over the decade.

``Even though India's economy has registered a six per cent plus growth, the Government has been working toward achieving a nine per cent growth,'' Mr. Sinha said addressing the Singapore Indian Chamber of Commerce and Industry here.

He said the Government was commited to the reforms agenda and liberalisation measures, underaken with a view to reducing poverty and unemployment.

``Despite differences on some sensitive issues, there was a broad political consensus on the direction of economic policy changes,'' Mr. Sinha said referring to the number steps announced in this direction in the budget. He said the globalisation process must be seen as an economic fundamental that addressed the need of all sectors, segments and regions.

Mr. Sinha said it was the responsibility of the Governments to ensure that the benefits of globalisation reached the poor.

- PTI

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