STAFF WRITER 10:33 HRS IST
New Delhi, Mar 23 (PTI) Prime Minister Manmohan Singh today exuded confidence the Indian economy would grow by 8.5 per cent in the next fiscal and accelerate to nine per cent the following year from an estimated 7.2 per cent this fiscal.
Going forward, the country should step up the pace of economic expansion to above 10 per cent per annum in the 12th Five Year Plan (2012-2107) to generate employment for the youth and remove poverty, the Prime Minister said at a conference on building infrastructure hosted by the Planning Commission.
"We expect to achieve 8.5 per cent growth rate in the year 2010-11... I hope we can achieve growth rate of 9 per cent in the year 2011-12," he said.
However, the country should do even better, he said.
New Delhi, Mar 23 (PTI) Prime Minister Manmohan Singh today exuded confidence the Indian economy would grow by 8.5 per cent in the next fiscal and accelerate to nine per cent the following year from an estimated 7.2 per cent this fiscal.
Going forward, the country should step up the pace of economic expansion to above 10 per cent per annum in the 12th Five Year Plan (2012-2107) to generate employment for the youth and remove poverty, the Prime Minister said at a conference on building infrastructure hosted by the Planning Commission.
"We expect to achieve 8.5 per cent growth rate in the year 2010-11... I hope we can achieve growth rate of 9 per cent in the year 2011-12," he said.
However, the country should do even better, he said.
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