Govt to ease edu sector norms to clock 10% growth

The government today assured the NRIs it would remove regulatory constraints to encourage their

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participation in the education sector as skill development was necessary to achieve 10 per cent economic growth in the 12th Five-Year Plan (2012-17).

"It is quite logical to enable NRIs to play part in expansion of education and to improve quality of skill development. There are regulatory constraints, which may come in the way...We are working to relax them," Planning Commission Deputy Chairman Montek Singh Ahluwalia said at the Pravasi Bharatiya Divas here.

He further said skill development was necessary to achieve the 10 per cent economic growth rate as desired by Prime Minister Manmohan Singh.

"We will run into skill constraints (to achieve high growth rate)...One of the critical factors is massive expansion of education system in India," he said.

Ahluwalia further said efforts would be made to achieve nine per cent growth trajectory by the end of the Eleventh Plan (2007-12) and 10 per cent growth rate in the next Five-Year plan.

Indian economy was expanding by nine per cent before the global financial meltdown hit the world and pulled down the country's GDP growth rate to 6.7 per cent 2008-09.

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