Full employment by 2012, promises Rangarajan
pradeep.s@ibtimes.co.in
New Delhi - Indian government's top economic advisor, C. Rangarajan, has promised that India will witness 100 percent employment and there will be no jobless people.
“Accelerating growth is central to expanding employment opportunities. With a sustained growth rate of 9 percent by 2012 unemployment will be totally eliminated,” said the chairman of the Economic Advisory Council to Prime Minister Dr. Manmohan Singh, while delivering the V.V. Giri memorial lecture recently.
“The macro-economic policy framework must be such as to facilitate accelerated growth,” he said.
Mr. Rangarajan has also prescribed some conditions in addition to the growth rate — a flexible labour market and skilled and trained labour force.
According to preliminary estimates for the approach paper for the eleventh five year plan (2007-2012), which is under preparation, the Planning Commission is veering around to 8 percent growth rate for the plan period, which would result in the poverty level coming down to single-digit levels compared with around 25 percent on last count.
While the Planning Commission is grappling with ways to achieve 8 percent growth, Mr. Rangarajan appeared more confident about the task.
- 1 Tennis stars at the U.S. Open
- 2 End of low-cost flying? JetLite, Air Deccan to be phased out soon
- 3 Infosys Technologies buys UK-based Axon for £407.1 million, aims to become leading SAP service provider
- 4 Mother Teresas 98th birth anniversary
- 5 Brad Pitt with two sons at the Venice Film Festival
- 6 Iraqis show video of teen girl made for suicide bomber
- 7 Standard & Poors launches India Select Index for foreign investors
- 1 Inflation eases to 12.40 percent; "early signs of moderation" seen, says FinMin
- 2 End of low-cost flying? JetLite, Air Deccan to be phased out soon
- 3 ONGC upstages China's Sinopec to acquire Imperial Energy for £1.4 billion
- 4 Infosys Technologies buys UK-based Axon for £407.1 million, aims to become leading SAP service provider
- 5 Standard & Poor's launches India Select Index for foreign investors
- 6 "Unwanted" Tata threatens pullout from Singur; West Bengal govt., TMC look to end impasse
- 7 Horror flick Phoonk spooks competition at the box office
- 1 Inflation eases to 12.40 percent; "early signs of moderation" seen, says FinMin
- 2 BSE Sensex sheds 248 points on inflation concerns
- 3 BSE Sensex tumbles 185 points on inflation, oil concerns
- 4 BSE Sensex climbs 32 points on slump in oil prices, ahead of F&O expiry
- 5 Standard & Poor's launches India Select Index for foreign investors
- 6 BSE Sensex ends 49 points higher, investors wary
- 7 BSE Sensex ends up 158 points on short coverings, value buying
|
|
