India Must Curtail Subsidy Growth To Achieve 9 Pc Growth

India must try to curtail growth of subsidies if it wishes to achieve its targeted nine per cent growth in the 12th five year plan, Deputy chairman of the Planning commission, Montek Singh Ahluwalia, said here today.

“Attempts should be made to curtail growth of subsidies to achieve nine per cent growth. We are trying to achieve nine per cent growth. Though there are major challenges like global slowdown, we will achieve the target,” he said at a seminar on ‘Approach to 12th five year plan’ at St Teresa’s college here.

From: http://ping.fm/b9ry3