Finance Minister Pranab Mukherjee outlines the focus areas for 2009-10

The Minister of Finance Shri Pranab Mukherjee has outlined the focus areas to anchor its policy frame work for 2009-10. While presenting the Budget proposal for the year 2009-10, in Lok Sabha today, he pointed out that the policies in a medium term perspective would have to pay attention to :-

(a) sustain a growth rate of at least 9% per annum over an extended period of time;

(b) strengthen the mechanisms for inclusive growth for creating about 12 million new work opportunities per year;

(c) reduce the proportion of people living below poverty line to less than half from current levels by 2014;

(d) ensure that Indian agriculture continues to grow at an annual rate of 4%;

(e) increase the investment in infrastructure to more than 9% of GDP by 2014;

(f) support Indian industry to met the challenge of global competition and sustain the growth momentum in exports;

(g) strengthen and improve the economic regulatory frame work in the country;

(h) expand the range and reach of social safety nets by providing direct assistance to vulnerable sections;

(i) strengthen the delivery mechanism for primary health care facilities with a view to improve the preventive and curative health care in the country.

(j) create a competitive progressive and well regulated education system of global standards that meets the aspiration of all segments of the society; and

(k) move towards providing energy security by pursuing an Integrated Energy Policy.

Source : Equity Bulls

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