Financial Daily from THE HINDU group of publications
Wednesday, Jul 23, 2003
Financial Daily from THE HINDU group of publications Wednesday, Jul 23, 2003 |
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Economy Industry & Economy - Economy No review of Tenth Plan targets: Pant Our Bureau
New Delhi , July 22 THERE will be no review of the eight per cent growth target fixed for the Tenth Plan and nor is the Plan size going to be truncated, despite the pessimism aired by the recent World Bank report, according to the Deputy Chairman of the Planning Commission, Mr K.C. Pant. In an interactive session with the Forum of Financial Writers here, Mr Pant the situation today was better than what indicators showed last year. While the economy was displaying a certain level of buoyancy, the good monsoons this year should enable a growth rate of about six to 6.5 per cent in the second year of the Tenth Plan, he said. Mr Pant said that contrary to the negatives highlighted by the World Bank report, industrial activity was on a healthy growth path, foreign exchange reserves were at a high of $83 billion and the capital market was also showing an upward trend.
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