Hyderabad: Former President A P J Abdul Kalam today said that India could realise 10 per cent growth rate in GDP in the next ten years with continued impetus on strengthening the economy.
The impact of economic liberalisation and growth measures initiated by the government has started being felt now, Kalam said at the Higher Defence Management Course at the College of Defence Management here. "Though Indian economy is in the ascent phase, the economic growth is not fully reflected in the quality of life of a large number of people. However, there should be progressive reduction in the people below poverty line year after year and reach near-zero by 2020," Kalam said. The mission of transforming India into a developed nation could be achieved by concentrating vigorously on five core sectors-- Agriculture and food processing, education and health care, Information and Communication Technology, quality and reliable infrastructure including power and transport and self reliance in critical technologies, he said. "These five areas are closely inter-related and, if progressed in a coordinated way, will lead to food, economic and national security," Kalam noted.
The impact of economic liberalisation and growth measures initiated by the government has started being felt now, Kalam said at the Higher Defence Management Course at the College of Defence Management here. "Though Indian economy is in the ascent phase, the economic growth is not fully reflected in the quality of life of a large number of people. However, there should be progressive reduction in the people below poverty line year after year and reach near-zero by 2020," Kalam said. The mission of transforming India into a developed nation could be achieved by concentrating vigorously on five core sectors-- Agriculture and food processing, education and health care, Information and Communication Technology, quality and reliable infrastructure including power and transport and self reliance in critical technologies, he said. "These five areas are closely inter-related and, if progressed in a coordinated way, will lead to food, economic and national security," Kalam noted.
POSTED BY:
PALLAVI SINGH
PGDM III SEM
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