9 pc of GDP targeted for infrastructure devp

Written by:
Subscribe to Oneindia News

New Delhi, Jan 16: Stressing the need to accelerate infrastructural development to maintain the economic growth rate, the Planning Commission has targeted an increase of investment in the sector to nine per cent of the GDP by the end of the XIth Plan period.

''We envisage the investment in the infrastucture sector going up from the existing five per cent of the GDP to nine per cent by 2011-12... an increase of four percentage points,'' Planning Commission Deputy Chairman Montek Singh Ahluwalia today said. He said the government envisaged investment coming from all possible sources -- public, private and public-private partnerships.

''The public sector will take the lead in areas where private is not inclined to -- in rural and backward areas and so on, whereas the public-private model can serve in those places, wherever a feasible revenue model can be worked out, with a little bit of subsidy, as may be needed,'' Dr Ahluwalia said.

The XIth Five Year Plan has put a lot of emphasis on infastructural development, both in rural as well urban areas, as one of the key thrust areas to meet the target of a nine per cent growth rate, as well as to make such growth inclusive. The postulated increase has been estimated at 500 billion dollars in the five-year period.


Please Wait while comments are loading...