Wednesday, July 21, 2010

10-point plan for India to be an economic superpower

1. Agriculture needs to grow at a sustained rate of 4%.

2. Manufacturing needs to register 11-12% long-term average growth.

3. Service sector needs to remain robust and a growth driver.

4. Physical Infrastructure needs to be of global standards.

5. Education would have to be the center of reforms.

6. Skill development would need a massive step up.

7. Labour environment and rules need to be conducive to employment creation.

8. Delivery mechanisms of government need to be streamlined.

9. Need new urban centers to come up as growth poles.

10. The financial sector reforms need to be fast tracked to enable financing of a high growth, large economy -- particularly focussing on long-term funding instruments and financial inclusion.

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