INDIA'S 7% GROWTH TARGET REALISTIC : ESCAP
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The economic and social commission for asia and the Pacific
(ESCAP) is optimistic about India's 7% growth projected in the Ninth Plan
(1997-2002) being 'realstically achievable based on its reform agenda".
Though the reduction of fiscal deficit has remained an 'elusive goa;' of
economic policy.
In its 1997 Economic and Social Survey of Asia and the Pacific,
realsed by the Director, Research and Information Systems (RIS) for the
non-aligned developing countries here, the UN body said that amonth the
comparatively slow growing South Asian economies, India is well placed to
see further acceleration of its growth rates which in recent years have
surpassed s\6%. This is because of India's vast market size, skilled
manpower and advanced technological base.
INDIA'S ECONOMIC GROWTH RAPID AND REBUST,
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The World Bank has praised India's economic recovery and pledged
its support New Delhi's efforts to extend the coverage of structural
reforms to sectorial and State-level fiscal adjustments during the current
fiscal year.
India's economic recovery has been 'unexpectedly rapid and rebust'
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Article-ID: 04_1997&4892972
Score: 78
Subject: Re: journal artical