Manmohan Singh: Private investment required to reach 8.2% growth target
The Prime Minister of India, Manmohan Singh said while announcing the 12th Five Year Plan that the immediate requirement should be to rebound this year to get the set target of 8.2% growth that is inclusive and sustainable.
The respected PM Manmohan Singh said, “Our objective is not just growth of GDP, but growth that is inclusive and also sustainable.”
Further, the Prime Minister highly recommends the need of private investment to get the set target growth of the year.
Calling out to backward classes, Scheduled Caste and Scheduled Tribes to take part in the development measures, he said that infrastructure should be further developed as it will surely help to increase growth.
Meanwhile, Prime Minister accepted the short-term economic hurdles in the present time and said it a challenge for the central government. He stressed on revival of investment environment.
While ending his speech, Prime Minister Manmohan Singh said that the most vital sectors to be aimed on are health and education.