Infra investment to push growth to 8 pc in 3 years: Montek

Tags: News
Attributing declining growth to global and domestic factors, Planning Commission Deputy Chairman Montek Singh Ahluwalia today said efforts to revive infrastructure investment would help in reverting to 8 per cent growth in next three years.

"We are working to revive the pace of investment in infrastructure, which we believe can provide the basis for a return of growth back to eight percent over a three year period. Our economic fundamentals are strong and we believe that a return to high growth is possible," Ahluwalia said while addressing the Strategic Economic Dialogue (SED) forum.

In the October-December quarter, India's economy grew below expectations at 4.7 per cent on falling output in the manufacturing sector.

Growth in the first nine months (April-December) was 4.6 per cent.

The economy must expand by 5.7 per cent in January- March quarter to achieve the estimated GDP expansion of 4.9 per cent in 2013-14.

"GDP growth in India has slowed down to around 5 per cent over the past two years, partly because of the global downturn but also because of the certain domestic constraints, which we have been addressing," he said.

Ahluwalia congratulated China for achieving 7.7 per cent growth, which was above than the targeted 7.5 per cent.

"Whatever be the outcome of the general election (in India), I am confident that the objective of strengthening bilateral economic relations with China will not be altered ...," he said.


  • India can increase its GDP by letting women take as much part as men in the economy

    Women hold up half the sky. So said Mao Zedong. Now, McKinsey Global Institute (MGI) tells us that they can hold up more than half the sky.


Stay informed on our latest news!


Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs


Amita Sharma

Rank disorder in higher education

Two Indian institutes count among the wo­rld’s top 200 in ...

Zehra Naqvi

Little known gems

Fame, as they say, is a fickle mistress. And all ...

Bubbles Sabharwal

Harmony is a work in progress

Things, events, feelings, people... nothing has value attached to it, ...


William D. Green

Chairman & CEO, Accenture