Thursday, December 19, 2013

What is Inclusive Growth?

Inclusive Growth
Vision and Strategy
After a lackluster performance in the Ninth Plan period (1997–98 to 2001– 02), when gross domestic product (GDP) grew at only 5.5% per annum, the economy accelerated in the Tenth Plan period (2002–03 to 2006–07) to record an average growth of 7.7%, the highest in any Plan period so far.

It can be argued that there is an element of cyclicality in the high growth observed in the past four years since these were also years of a global upswing. However, India’s growth performance goes beyond mere cyclicality. Savings and investment rates have increased significantly. The industrial sector has responded well to economic reforms and has shown that it is capable of competing in the global economy.

These positive factors notwithstanding, a major weakness in the economy is that the growth is not perceived as being sufficiently inclusive for many groups, especially Scheduled Castes (SCs), Scheduled Tribes (STs), and minorities. Gender inequality also remains a pervasive problem and some of the structural changes taking place have an adverse effect on women. The lack of inclusiveness is borne out by data on several dimensions of performance.

The percentage of the population below the official poverty line has come down from 36% in 1993–94 to 28% in 2004–05. However, not only is this still high, the rate of decline in poverty has not accelerated along with the growth in GDP, and the incidence of poverty among certain marginalized groups, for example the STs, has hardly declined at all. Because population has also grown, the absolute number of poor people has declined only marginally from 320 million in 1993–94 to 302 million in 2004–05. This performance is all the more disappointing since the poverty line on which the estimate of the poor is based is the same as it was in 1973–74 when per capita incomes were much lower. Other indicators of deprivation suggest that the proportion of the population deprived of a minimum level of living is much higher. For example, National Family Health Survey-3 (NFHS-3) shows that almost 46% of the children in the 0 to 3 years’ age group suffered from malnutrition in 2005–06, and what is even more disturbing is that the estimate shows almost no decline from the level of 47% reported in 1998 by NFHS-2.

Indicators of human development such as literacy and education, and maternal and infant mortality rates, show steady improvement, but they also suggest that the progress is slow and we continue to lag behind several other Asian countries. While the literacy rate has gone up from
18.3% in 1951 to 64.8% in 2001, the number of illiterate persons still exceeds 304 million, making India the country with the highest number of illiterate persons in the world. Life expectancy at birth has increased from approximately 32 years for both males and females in
1951 to 63.9 years for males and 66.9 years for females in 2001–06. Yet this is well below the life expectancy of around 80 years in industrialized countries and 72 years in China. India also has an adverse sex ratio with only 933 women per 1000 men. More disturbing, the child sex
ratio (ages 0–6) has declined sharply from 962 in 1981 to 927 in 2001. India’s maternal and infant mortality rates are much higher than those of countries in East Asia, showing poor access to essential health care services.

The composition of growth in recent years has also presented some problems. Agriculture has grown very slowly from the Ninth Plan onwards and this has widened the rural–urban divide and also contributed to the severe distress in rural areas in some regions. Although there is an upturn in agricultural growth after 2004, it is too early to be complacent. Total employment in the economy has improved in recent years, but the labour force has grown even faster, leading to an increase in the unemployment rate. Permanent employment in the organized sector has decreased, although organized sector firms may be increasing their informal employment. Also, economic growth across regions has not been balanced, with some of the most backward areas yet to experience any significant growth. The delivery of essential social services at the grass roots level is also poor and this is a major causative factor in unequal development. Much higher
levels of human development can be achieved even with the given structure of the economy, if only the delivery system is improved.
We are still far from redeeming the pledge which Pandit Jawaharlal Nehru made on the eve of Independence: ‘[…] for ending of poverty, ignorance, disease and inequality of opportunity’. The
Eleventh Plan provides an opportunity to act decisively to consolidate the gains that have been made in the Tenth Plan and also to correct the deficiencies that have been observed.

VISION FOR THE ELEVENTH PLAN
The central vision of the Eleventh Plan is to build on our strengths to trigger a development process which ensures broad-based improvement in the quality of life of the people, especially the poor, SCs/STs, other backward castes (OBCs), minorities and women. The National Development Council (NDC), in approving the Approach to the Eleventh Plan, endorsed a target of 9% GDP growth for the country as a whole. If this is achieved, it would mean that per capita GDP would grow at about 7.6% per year to double in less than ten years. However the target is not just faster growth but also inclusive growth, that is, a growth process which yields broad-based benefits and ensures equality of opportunity for all.

This broad vision of the Eleventh Plan includes several inter-related components: rapid growth that reduces poverty and creates employment opportunities, access to essential services in health and education especially for the poor, equality of opportunity, empowerment through education and skill development, employment opportunities underpinned by the National Rural Employment Guarantee, environmental sustainability, recognition of women’s agency and good governance.

RAPID GROWTH AND POVERTY REDUCTION
The persistence of poverty on the scale at which it still exists is not acceptable. A decisive reduction in poverty and an expansion in economic opportunities for all sections of the population should therefore be a crucial element of the vision for the Eleventh Plan.

Growth in the Eleventh Plan should be better balanced to rapidly create jobs in the industrial and
services sectors. This is necessary if a significant portion of the labour force is to shift out of agriculture, where it is currently engaged in low productivity employment, into a non-agricultural activity that can provide higher real incomes per head. This must be accompanied by efforts
to improve the income-earning opportunities of those who remain in agriculture by raising land productivity.

Rapid growth in the economy at large, and especially in the employment generating sectors such as medium and small industry and services, needs to be supplemented by targeted livelihood support programmes aimed at increasing productivity and incomes of the poor in several low income occupations which will continue as important sources of employment for quite some time.
Special programmes aimed at target groups such as small and micro enterprises, weavers, artisans, craftsmen, etc. will therefore remain important in the Eleventh Plan period.

THE EMPLOYMENT CHALLENGE
The ability to generate an adequate number of productive employment opportunities will be a major factor on which the inclusiveness of growth will be judged. India is currently at a stage of ‘demographic transition’ where population growth is slowing down but the population of young people entering the labour force continues to expand. This means that a working person will have fewer dependents, children or parents. The dependency ratio (ratio of dependent to working age population) declined from 0.8 in 1991 to 0.73 in 2001 and is expected to decline further to 0.59 by 2011. If the workforce is gainfully employed, a lower dependency ratio means a higher rate of savings which, in turn, can raise the growth rate. This young demographic profile places
India favourably in terms of manpower availability and could be a major advantage in an environment where investment is expanding in India and the industrial world is ageing.

It is, however, essential to produce a growth process in which employment would be available not only for new entrants to the labour force but also in the non-agricultural sector for workers leaving agriculture. Beside population growth and other factors, more urban women have joined the workforce, the unemployment rate has increased over these years.

Rapid growth focused on labour-intensive industries and small and middle enterprises will create employment opportunities in the manufacturing and services sectors. The ability to create jobs will be enhanced by greater labour flexibility which may require some changes in labour laws.

ACCESS TO ESSENTIAL SERVICES
A person is poor because her endowments of capital, land, labour and skills are meagre, and also because her access to public goods and services and natural resources is limited. Often, a poor person is trapped in the prison of illiteracy. Disease and ill-health prevent her from getting
the most out of the one asset she has, her labour.
Access to basic facilities such as health, education, clean drinking water, etc. impacts directly on welfare, in the longer run, it determines economic opportunities for the future. Without access to these services one cannot be considered to have equality of opportunity.

Since access to these services for the majority of the population depends not only upon their income levels but upon the delivery of these services through publicly funded systems, the Eleventh Plan’s vision of poverty reduction includes major expansion in the supply of these services. The resources needed to create the infrastructure necessary for delivering these services to the poor are large. Fortunately, the rapid growth being targeted for the Eleventh Plan will facilitate the ability to undertake these programmes, both by way of higher tax revenues resulting from higher growth and a larger borrowing capability even while adhering to fiscal deficit targets expressed as a percentage of GDP.

SOCIAL JUSTICE AND EMPOWERMENT
The vision of inclusiveness must go beyond the traditional objective of poverty alleviation to encompass equality of opportunity, as well as economic and social mobility for all sections of society, with affirmative action for SCs, STs, OBCs, minorities and women.

 This outcome can only be ensured if there is a degree of empowerment that creates a true feeling of participation so necessary in a democratic polity. Empowerment of disadvantaged and hitherto marginalized groups is therefore an essential part of any vision of inclusive growth. India’s democratic polity, with the establishment of the third layer of democracy at the Panchayati Raj Institution (PRI) level, provides opportunities for empowerment and participation of all groups with reservations for SCs, STs, and women. These institutions should be made more effective through greater delegation of power and responsibility to the local level.

ENVIRONMENTAL SUSTAINABILITY
Clear commitment to pursue a development process which is environmentally sustainable. The Eleventh Plan must be based on a strategy that not only preserves and maintains natural resources, but also provides equitable access to those who do not have such access at present. Unless environment protection is brought to the centre stage of policy formulation, what is perceived as development may actually lead to a deteriorating quality of life.

GENDER EQUITY
For the first time in the history of Indian planning there is an attempt to move beyond  empowerment and recognize women as agents of sustained socio-economic growth and change. The Eleventh Five Year Plan acknowledges women’s agencies and tries to ensure that their needs, rights and contribution are reflected in every section of the Plan document. Gender is, therefore, a cross cutting theme; it is not confined to a single chapter on Women and Children. The vision is to develop an integrated approach.
While endeavoring to guarantee the rights and entitlements of all women, the Eleventh Plan recognizes that women are not a homogenous category.
GOVERNANCE
Improvement in governance.
Experience suggests that many of these initiatives have floundered because of poor design,
insufficient accountability and also corruption at various levels. Increasingly, there is demand for effective implementation without which expanded government intervention will be infructuous.
The best possible way of achieving this objective may be by involving communities in both the design and implementation of such programmes, although such involvement may vary from sector to sector. Experience shows that Civil Society Organizations (CSOs) can work with PRIs to improve the effectiveness of these programmes.

It is especially important to improve evaluation of the effectiveness of how government programmes work and to inject a commitment to change their designs in the light of the experience gained. Evaluation must be based on proper benchmarks and be scientifically designed to generate evidence-based assessment of different aspects of programme design.
 Accountability and transparency are critical elements of good governance. The Right to Information Act (RTI) enacted in 2005 empowers people to get information and constitutes a big step towards transparency and accountability.

THE ROLE OF THE STATES
 A notable feature of the Tenth Plan was the increase in the share of outlays for Centrally Sponsored Schemes (CSS) in the Gross Budgetary Support (GBS) for the Central Plan. This was done for two reasons; first, the Centre’s own investment in industry was almost entirely
funded by the Internal and Extra-Budgetary Resources (IEBR) of Public Sector Enterprises (PSEs); and, second, the enlarged role that the Centre has taken for itself in providing for social infrastructure, especially in the backward States, through programmes such as National
Rural Employment Guarantee Programme (NREGP) Sarva Shiksha Abhiyan, Bharat Nirman, etc.
Many of the major CSS are in areas where the State Governments have traditionally borne the bulk of the expenditure. Even during the Eleventh Plan period, the non-Plan expenditure on these sectors by the State Governments will be considerable. The strategy for ensuring the best use of the available resources, therefore, requires that the Central Government engage more
intensively with the States not only with regard to Plan expenditure but also in respect of what have traditionally been non-Plan expenditures.

STRATEGY FOR THE ELEVENTH PLAN:
POLICIES FOR INCLUSIVE GROWTH

Objectives of inclusiveness and sustainability. This strategy must be based on sound macroeconomic policies which establish the macroeconomic preconditions for rapid growth and support key drivers of this growth.

MACROECONOMIC FRAMEWORK
It envisages a continuation of the uptrend in domestic investment and savings observed in the Tenth Plan taking domestic investment from an estimated 35.9% of GDP in 2006–07
to an average of 36.7% of GDP in the Eleventh Plan period. The Plan also implies a substantial
increase in the total resources for the Central and State Plans from 9.46% of GDP in the Tenth Plan to 13.54% of GDP in the Eleventh Plan.
The macroeconomic projections involve a rise in the current account deficit from 1.1% of GDP in 2006–07 to an average of 1.9% of GDP in the Eleventh Plan period, based on oil prices at the average level of 2006–07.  The real challenge in the persistence of high oil prices lies in the need to pass on these prices to consumers which could moderate growth a little in the short run.
 On balance, the Plan target of 9% per year appears achievable with some downside risks if oil prices harden further. Manufacturing is targeted to grow at over 12% per year and this is expected to provide high-quality employment.
AGRICULTURE
The target of doubling the rate of growth of agriculture to 4% in the Eleventh Plan is critical for
achieving greater inclusiveness. This calls for initiatives on several fronts.
The poor performance of agriculture in the past decade or so is partly due to the emergence of technology fatigue in the intensely irrigated crop production regions. This is reflected in the fact that the new varieties released do not seem to have produced significantly higher yields per hectare. The long-term response to this phenomenon is a comprehensive strengthening and restructuring of the Indian Council of Agricultural Research (ICAR) system.
There is also a need to increase the accountability of the State agricultural universities and to make their research more directly useful.
We must exploit the large scope for yield improvement which is reflected in the large gap that exists in most parts of the country between the yields that are actually being realized on the ground and yields that can be achieved with the existing varieties using best practices in farm conditions. This yield gap varies from 60 to 100%, depending on the crop and the region.
A new central assistance programme, the Rashtriya Krishi Vikas Yojana (RKVY) has been launched to incentivize State Governments to prepare district level agricultural plans that take account of local conditions. The programme will encourage effective convergence among various
Central schemes which are currently implemented in districts as stand-alone schemes and will provide Central assistance to meet a part of the additional cost of the agricultural plans, above existing expenditure commitments.
Adoption of best practices typically involves additional investment. The most important area for
investment in agriculture relates to the provision of water and its efficient use.

Private investment by farmers is also needed in land development, pump sets and drip irrigation, agricultural machinery, etc. On-farm investments are limited by the availability of credit to farmers which needs priority attention. Whereas overall credit has expanded, the number of loan accounts has declined, suggesting that small farmers are not receiving adequate credit. To correct this, the cooperative banking system must be revived along the lines recommended by the Vaidyanathan Committee.

Deteriorating soil health is a major constraint limiting productivity in agriculture. The present system of fertilizer subsidy which is based on subsidization of products rather than nutrients, contributes to the problem because there is excessive subsidy on nitrogen compared to potassium and phosphates, and no subsidy at all on micronutrients. The result is excessive use of nitrogenous fertilizer which depletes the soil of other micronutrients (sulphur, zinc, boron), reducing soil productivity over time. Increased awareness of this problem is extremely important. It is necessary to restructure the fertilizer subsidy to make it nutrient based and to enable production of composite fertilizers, including micronutrients, by giving producers the flexibility to
charge higher prices which will cover the cost of adding micronutrients. There is also need to expand the network of soil testing laboratories in most States and also to extend soil testing to measure micronutrients, which are typically not covered at present.

Seed replacement is another major problem constraining crop productivity. Seed replacement rates in most parts of the country are much below recommended levels, partly because of lack of availability of certified seeds, but also because farmers do not trust the quality or truthfulness of labels of certified seeds available from public sector sources.

A National Food Security Mission has been launched in the first year of the Eleventh Plan which aims at increasing cereal production by 18 million tonnes and pulses production by 2 million tonnes. Nevertheless, it is unlikely that demand for foodgrains will expand by more than 2.5% per year. The target of 4% growth in agriculture will therefore require much faster growth in horticulture, floriculture, dairying, poultry, and fisheries. Agricultural strategies for each
agro-climatic zone should pay attention to the scope for agricultural diversification along lines that are technically appropriate.

Agricultural diversification will pose special challenges in marketing because the high-value produce of diversified agriculture is much more perishable than foodgrains. Farmers need assured linkages to efficient markets with transparent pricing and also modern logistics and cold chains to ensure transportation with minimum spoilage.

There is also need for greater predictability in measures designed for price stability. Efforts to control sudden price rise of agricultural produce, such as bans on exports, have often been at the cost of farmers. Also, while the Minimum Support Price (MSP) policy has not reached most farmers at times when prices were low, inadequate procurement often leads to overreaction.

More generally, market linkages can be improved by improving rural infrastructure, including especially, rural roads and rural electrification. The Pradhan Mantri Gram Sadak Yojana (PMGSY) has already done commendable work in extending rural connectivity and the programme will continue into the Eleventh Plan. The Rajiv Gandhi Grameen Vidyutikaran Yojana
(RGGVY) also has ambitious plans to extend rural electrification to hitherto unserved rural areas.

IRRIGATION AND WATERSHED DEVELOPMENT
The Bharat Nirman target is to more than double the pace of addition to the area under irrigation to 2.5 million hectares per year by 2008–09. If this momentum is maintained, we should be able to add 16 million hectares to the irrigated area during the Eleventh Plan.
A large number of projects have been under construction for a long time as resources have been spread too thin. This has increased costs and also delayed the creation of irrigation capacity.
The Accelerated Irrigation Benefit Programme (AIBP) was started to incentivize States to complete projects in a time-bound manner, but progress in the programme has not been satisfactory. States are being encouraged to change the system of contracting to a fixed cost, timebound system. A system of monitoring projects through remote sensing has been introduced which will help to identify critical works needing attention

Repair, renovation and restoration of water bodies can expand irrigation capacity in a short period. States will be assisted to take up such projects provided they agree to hand over the water bodies to user groups after renovation so that future maintenance is assured. 25% of the project cost is eligible for grant assistance under AIBP and the rest could come from external
assistance.

To further reduce the gap between the potential and its utilization, the Command Area Development Programme (CADP) was modified in the Tenth Plan to include water management above the outlet for correcting system deficiencies.

Groundwater, which is used for irrigating for nearly 60% of the irrigated area, also poses serious problems. Under the Easement Act of 1882, the ownership rights of groundwater rest with the owner of the land. This makes groundwater a common property resource with open access. As a result, groundwater was over exploited in nearly 15% of the blocks in 2004, compared to 4% in
1995
Under the Environment (Protection) Act, 1986, the Central Government can intervene where the water table falls. The Eleventh Plan will encourage co-operative management of groundwater by the community, as it is most likely to work. The objective would be to contain average groundwater extraction to average water recharge.

While groundwater is being depleted in some parts of the country, large parts of eastern India have high water tables, reflecting large unexploited potential for expanding irrigation. This is not done for want of electricity as using diesel pumps is expensive and inconvenient.

Groundwater can be recharged through watershed development using check dams, contour bunding, etc.

INDUSTRY AND MINERALS
The pace of industrial growth quickened during the Tenth Plan and manufacturing in particular showed considerable dynamism. It will be necessary to build on this momentum during the Eleventh Plan and, indeed, impart additional impetus to generate 10% growth in industry, and even higher growth in manufacturing. This will not only provide the additional job opportunities
needed to absorb some of the surplus labour in the rural workforce but also generate employment for the new entrants that are expected to join the labour force both in rural and urban areas.
Industries face a number of impediments in the country. Improvement of physical infrastructure must clearly come at the top of the agenda of action for achieving rapid industrialization.
Continuous supply of good quality electrical power from the grid is critical for industries. Manufacturing also entails movement of large volumes of goods in order to compete in a globalized context and manufacturers need transport infrastructure.
Deficiencies in the road infrastructure.
Insufficient port capacity and inadequate navigation aid facilities and cargo handling equipment lead to longer pre-berthing detention and turnaround time for ships. These problems are compounded by the fact that large vessels do not call on many Indian ports because of the
lack of depth of the draft and poor connectivity with the hinterland.

A skill deficit has also emerged in virtually all areas of manufacturing as one of the major impediments to rapid industrial growth.

The perceived lack of flexibility in some of our labour laws, which focus on job protection, remains a psychological block for entrepreneurs against establishing new enterprises with a large workforce.
The Micro and Small Enterprises (MSE) Sector accounts for the bulk of the employment in manufacturing and has been one of the sources of strength for manufacturing in the country.
However, the ceiling on investment in plant and machinery, together with reservation of a large number of items for exclusive manufacture by small-scale industries, has in the past barred these units from undertaking efforts for upgrading technology, adopting modern manufacturing methods and achieving economies of scale. The number of reserved items was reduced from 675 to 114 and the ceiling on investment in plant and machinery was raised generally from Rs 3 crore to Rs 5 crore by the Micro, Small and Medium Enterprises Act, 2006.

Small-scale units are handicapped by insufficient flow of credit despite the measures taken to stimulate priority sector lending by Scheduled Commercial Banks and expansion of direct lending operations by the Small Industries Development Bank of India (SIDBI).

Granting of full autonomy to CPSEs remains an unfinished agenda before the government.

A package of fiscal and other incentives has been in place since 1997 aimed at facilitating industrial development of the States of the North East Region (NER). During the Tenth Plan, similar schemes were notified for Jammu and Kashmir (J&K), Himachal Pradesh and Uttarakhand. While the response in the NER and the valley in J&K has not been significant,
there is evidence that these incentives have stimulated industrial investment in Jammu, Himachal Pradesh, and Uttarakhand.

INFRASTRUCTURE REQUIREMENTS OF
INCLUSIVE GROWTH
Good quality infrastructure is the most critical physical requirement for attaining faster growth in a competitive world and also for ensuring investment in backward regions. This includes all-weather roads; round-the-clock availability of power at a stable voltage and frequency; water for irrigation; railways that are not overcrowded, which run on time and do not overcharge for freight; ports with low turnaround time to reduce costs of imports and exports; airports to handle the growing traffic; air services that provide connectivity to all parts of the country; and telecommunications and broadband connectivity to provide the benefits of the Internet to people all over the country.
The Eleventh Plan outlines a comprehensive programme for development of infrastructure, especially in rural areas, and in the remote and backward parts of the country, consistent with the requirements of inclusive growth at 9% per year.
Public investment will still constitute 70% of the total investment in infrastructure.
Public investment will have to give priority to meeting the infrastructure requirements in those subsectors and areas where private participation is unlikely to be forthcoming. These include irrigation and other general rural infrastructure (mainly rural roads, rural electrification, and water supply and sanitation), and also infrastructure development in the more backward areas and the remote parts of the country.

Railways
Have much higher fuel efficiency than trucks and cars. For movement of bulk commodities, trucks cannot compete with the railways. With containerization, the railways can be competitive even for movement of other goods over long distances.
The rapid rise in international trade and domestic cargo has placed a great strain on the Delhi–Mumbai and Delhi–Kolkata rail tracks. The government has, therefore, decided to build dedicated freight corridors in the western and eastern high density routes involving construction of 7201 km of new rail tracks. This will help to decongest the two routes for freight movement and also increase the economic potential of the hinterland areas which will benefit from the reduced cost of transport. It will also provide spin-off benefits in terms of location of industrial clusters along the new corridors, thereby attracting potential investment in a number of States.
This was hitherto a monopoly of the Container Corporation of India, a public sector entity. In a major initiative in PPP, container movement has been thrown open to competition and 15 private sector entities have been licensed for running container trains on tracks owned by the Indian Railways.
The Indian Railways also proposes to take the following steps in an effort to create world-class transport infrastructure:
Strengthening of infrastructure and improvement in the design of wagons to facilitate movement of heavier freight trains.
Redevelopment and modernization of important railway stations through PPP.
A paradigm shift in the delivery of services to include quality passenger services at terminals, introduction of modern rolling stock and improvement in sanitation.
On the Delhi-Agra route, a high speed train with a maximum speed of 150 km per hour has been introduced. Similar trains will be introduced in selected city pairs.
Reduction in accidents per million train km; implementation of measures to reduce chances of passenger fatality as a result of train accidents.
Introduction of a new accounting system in line with internationally accepted accounting principles. This will help to identify the unit cost of different services more accurately.

Roads
Covering the national highways, based on a combination of public investment and PPP
and completion of rural road connectivity through the PMGSY.
PMGSY is a massive programme of expanding rural road connectivity and was begun in the Tenth Plan. This will continue into the Eleventh Plan to provide reliable road connectivity to all habitations with 1000+ population (500+ population in hilly regions) by 2009.

An expanded National Highways Development Programme (NHDP) is currently under way, involving a total investment of Rs 227258 crore.

Construction of 15600 km of Access Controlled Expressways. Establishment of an Expressways Authority of India for implementation of the Expressways Programme should be considered
by the Ministry.
The following qualitative improvements will be implemented:
The NHAI, which is the implementing agency for NHDP, will be restructured and strengthened.
High priority will be accorded to ensure integrated development of the entire road network, that is, national highways, State highways, major district roads, other district roads and village roads.
Higher maintenance standards will be employed in order to reduce the frequency of reconstruction of capacity and to preserve road assets already created.
The strategy will focus on optimum utilization of existing capacity rather than creating new capacities.
Conditions conducive for private sector participation will be created in  the States.
In order to ensure safety along with free flow of traffic, various steps will be taken in the coming years, including strengthening the institutional mechanism by setting up of the National Road Safety and Traffic Management Board as an apex body.

A Special Accelerated Road Development Programme for the North East Region (SARDP-NE)
is presently under implementation for providing road connectivity to all the State capitals and district headquarters in the NER.

Ports
Indian ports suffer from inefficiency and congestion as reflected in the high turnaround time of ships. New berths and better handling facilities are needed at the existing ports and new ports also need to be developed.
The draft at some ports needs deepening to permit larger ships to berth. Rail connectivity to move goods from the ports is also inadequate.

Airports
Growth of average of 30% per year between 2003–04 and 2006–07. However, development of airports and related facilities has not kept pace. Four major airports (Delhi,Mumbai, Hyderabad, and Bangalore) are being developed by private sector entities. Modernization of Kolkata and Chennai airports and 35 non-metro and 13 other airports is underway. Some new greenfield airports will also be constructed during the Eleventh Plan.

Telecommunications
Developing a world-class telecommunications infrastructure with an emphasis on broadening access.Phenomenal growth in the telecom sector has also created a digital divide in terms of mobile and land line connections and Internet and broadband connections between urban and rural India.
Broadband connectivity plays an important role not only as a medium but also as a means of bringing knowledge and data though networking to the less fortunate institutions. The country should create a dynamically configurable national multi-gigabit backbone core network.
It should be our objective to connect 5000 institutions of education, science and technology to this core to enable collaborative research and development nationally and internationally.
India’s prowess in software is world-renowned with an estimated share of 65% of global off-shore information technology (IT) and 46% of global business process outsourcing (BPO). The Indian IT and IT-enabled services (ITES)/BPO industry stands at US$ 31.3 billion in 2006–07. The addressable market for offshore BPO globally stands at US$ 300 billion, leaving enough
headroom for further growth.
The indirect employment generated by the sector, is approximately three times of the direct
employment. This throws up a great challenge for human resources (HR) development. There is an urgent need to augment the existing educational system by introducing special IT courses and establishing finishing schools to impart soft and other important skills.
With the weakening of the dollar against the Indian rupee, the ITES/BPO industry has come under pressure and it needs to be nurtured. Extending the 10A and 10B benefits for the BPO industries beyond 2009 could be one such encouragement. Otherwise, this segment of the sector, which is a huge employment generator, could move to other countries which are
more cost effective. The industry also needs to shift from Dollar to Rupee denominated contracts to combat the falling dollar.

Electric Power
Rapid economic growth cannot be realized if energy is not available at reasonable costs.
The Electricity Act, 2003 provides an excellent framework for restructuring of the power sector, and allows full scope for competition within a reasonable regulatory framework. However, while a good start has been made in setting up the regulatory framework and the institutional structure
necessary for an efficient market for electricity generation and distribution, much more remains to be done. The performance in the Tenth Plan in adding capacity was disappointing. Against a target addition of 41110 MW, only 21080 MW were commissioned, out of which only 18000 MW were actually made fully operational. Investment in distribution has also been inadequate.
The most important problem in the power sector is the continued unviability of the distribution segment reflected in very high transmission and distribution losses, including pilferage and also uneconomic tariff for some categories of consumers.

The main thrust should be on the following:
The position at the start of the Eleventh Plan is better than at the start of the Tenth Plan because the volume of generation capacity under construction or ordered in the middle of the first year (September 2007) was 52000 MW compared with only 20500 MW at the start of the Tenth Plan. Further orders amounting to 23600 MW could be placed by the end of the first year of the Eleventh Plan.
While the regulatory structure consisting of the Central Electricity Regulatory Commission and
State Electricity Regulatory Commissions have been established and have begun to operate, they have yet to stabilize and achieve credibility as independent regulators. Many of them suffer from serious staffing problems arising from an inability to attract the necessary technical expertise.
Improvement in the efficiency of the distribution system.The Accelerated Power Development and Reform Programme (APDRP), initiated in the Tenth Plan, aimed at reducing aggregate technical and commercial losses from over 40% in 2002–03 to 15% by the end of the Plan. This target proved unachievable and excepting in a couple of States, the Aggregate, Technical and Commercial (ATC) losses were reduced by only 2 to 3 percentage points and are presently estimated at about 40%.
Rural electrification,
An important innovation of the Electricity Act, 2003 is the statutory provision for open access which allows generating stations to enter the market and sell directly to high tension consumers.
A major, new initiative for promoting competition and attracting private investment in the power sector launched in the last year of the Tenth Plan was the Ultra Mega Power Projects programme. To set up nine large power projects of 4000 MW each.

Other Energy Sectors
Availability of energy at competitive prices is as important as infrastructure. One also wants clean and convenient cooking fuels to avoid indoor air pollution.
We are short of most energy resources. Even coal, which is our most abundant resource, may run out in 40– 50 years. An integrated energy policy to stimulate efficient use and allocation of fuels is, therefore, important. A key requirement of such a policy is that relative prices of different fuels, their transportation charges, and taxes and subsidies have to be consistent so that they reflect true social costs. Such a pricing system should be established in the Eleventh Plan.

COAL
The bulk of electricity generated in the country is based on coal. The coal industry was nationalized in 1973 and Coal India Ltd dominates in production of coal. Under the nationalization Act, only public sector units, and designated users are permitted to mine coal for their own use. Coal must be competitively priced. Sale of at least 20% of coal through e-auction, rail freight rationalization, imports without duty, and pricing of coal based on its gross calorific value will be promoted. Washing of coal to reduce its ash content and save on transport charges will also be encouraged.

OIL AND GAS
More than 70% of our oil needs are met by imports. The New Exploration Licensing Policy has met with some success in finding gas in the country and in offshore areas.
The pricing policy for petroleum products will pose a major challenge in the Eleventh Plan, given the sharp increase in international oil prices which is yet to be passed on to the consumers. With the present domestic petroleum prices, the extent of under recovery in the petroleum sector is estimated at Rs 100000 crore. This situation is simply not sustainable.  Also, the subsidies on kerosene and LPG, which lead to substantial diversion, need to be reduced and also rationalized. The scope for disbursing subsidy through a smart card system while shifting to market prices needs to be explored.
Gas pricing is more complex as gas is not easily tradable. While the cost of imported Liquefied Natural Gas provides a ceiling on the domestic price of gas, the FOB price of gas less the cost of liquefaction and less the risk premium associated with exports constitutes longterm opportunity cost for producers.
The distribution infrastructure of pipeline networks and associated facilities would have to be under open access regulated by regulators. While the oil and gas regulator has been put in place, there is no such regulator for coal.

RENEWABLES
The importance of renewable energy in the country arises from a number of factors—it increases energy security, it provides energy at local levels, improving energy security at these levels and it involves little or no Green House Gas emissions.
Wind power, solar applications, biomass gasification, bio-fuels development and other clean technologies. The distributed generation based on wood gasification in rural areas, coupled with biogas plants.

ENERGY EFFICIENCY AND R&D
There is large scope for improving energy efficiency in the country. These include energy
auditing of large energy consumers, benchmarking with more efficient units, labelling and rating energy consuming equipment, forcing higher efficiency standards in major energy consuming sectors such as automobiles, and promoting energy efficient buildings. While labelling can help consumers buy energy efficient products, changes will be made in procurement policies
so that government departments buy equipment based on life cycle costs.
To find clean sources of energy, missions in the following areas should be mounted:
Clean coal technologies of carbon capture and sequestration
In-situ coal gasification
Solar photo-voltaics and solar thermal electricity
Cellulosic extraction of ethanol and butanol from agricultural waste and crop residues
Improvement in the yield of Jatropha and other oilseeds for biodiesel.

EDUCATION AND SKILL DEVELOPMENT
Public expenditure (Centre and States) on education is only around 3.6% of GDP. The National
Common Minimum Programme (NCMP) had set a target of raising it to 6%.

Sarva Shiksha Abhiyan (SSA) and the Mid-Day Meal Scheme. As a result, the number of out-of school children declined from 32 to 7 million, indicating that SSA brought an additional 25 million children into the education system during the Tenth Plan period. The Gross Enrolment Ratio (GER) for elementary schools (Classes I–VIII) increased from 81.6% in 2001–02 to 94.9%
in 2004–05. However, the drop out rate has remained high. It was as high as 48.71% at the elementary level at the end of the Tenth Plan, a decline of only 5.94 percentage points from 2001–02.
The quality of teaching in our elementary schools is also not what it should be. Teacher absenteeism is widespread, teachers are not adequately trained and the quality of pedagogy is poor. It also begins the process of universalizing secondary education.

The action proposed in the Eleventh Plan for secondary education includes the following:
Rapid upgradation of 15000 Upper Primary Schools to Secondary Schools, and expansion of intake capacity in 44000 existing Secondary Schools;
Establishment of 6000 high quality model schools at the block level to serve as benchmarks for excellence
Provision for laboratories/libraries and also strengthening of the existing facilities available;
Continuous teacher training;
Provision for hostels and residential schools for girls; and
Allowing private schools to be set up to meet the large unmet demand for quality education.

The following initiatives will be taken in the Eleventh Plan to attain these objectives in higher education.
Establishment of 30 new Central universities, one in each of the 16 States which do not have a Central university at present, and 14 other Central universities in different parts of the country.World class standards, which will involve coverage of a wider range of subjects,
including, especially engineering and medicine.
Establishment of eight IITs, seven IIMs and five Indian Institutes of Science Education and Research.
Public–private participation in setting up these universities will be carefully explored. The location of these institutions should take advantage of the collocation of other scientific and research institutions in certain places.
The scope for setting up institutions of higher education in the private sector must also be explored. Flexibility in charging higher fees.
At present, fees vary across universities, but generally these have been kept very low, in many cases not even covering 5% of the operating cost. The Centre and State Governments must either be able to subsidize university education massively or try to mobilize a reasonable amount from those who can afford it by way of fees that cover a reasonable part of the running cost.

Skill Development
In an economy growing at the rate of 9% plus, skill development poses major challenges and also opens up unprecedented doors of opportunity. The magnitude of the skill development challenge can be estimated by the fact that the NSS 61st Round results show that among
persons of age 15–29 years, only about 2% are reported to have received formal vocational training and another 8% reported to have received non-formal vocational training, indicating that very few young persons actually enter the world of work with any kind of formal vocational training. This proportion of trained youth is one of the lowest in the world. Our Vocational Education and Training (VET) system needs to cover more trades. Qualitatively it suffers from disabilities such as poor infrastructure, ill-equipped classrooms/laboratories/ workshops, below par faculty, absence of measurement of performance and outcomes, etc.

The urgency of skill development is underscored by the demographic changes taking place. It is estimated that the ageing phenomenon globally will create a skilled manpower shortage of approximately 46 million by 2020 and if we can take effective action on skill development, we could have a skilled manpower surplus of approximately 47 million.

Proposed to launch coordinated action for skill development which will be a major initiative for inclusive growth and development and will consist of an agglomeration of programmes and appropriate structures.

It is proposed to create a ‘Virtual Skill Development Resource Network’, which can be
accessed by trainees at 50000 Skill Development Centres, to provide web-based learning. It is also proposed to create a ‘National Skills Inventory’ and another database for ‘Skills Deficiency Mapping’ for facilitating tracking of careers and placement and for exchange of
information between employers and employment seekers.

HEALTH AND NUTRITION
Good health is both an end in itself and also contributes to economic growth. Meeting the health
needs of the population requires a comprehensive and sustained approach. Our health services should be affordable and of reasonable quality.
Public health spending will be raised to at least 2% of GDP during the Eleventh Plan period.
Eleventh Plan aims to establish 60 medical colleges and 225 new nursing and other colleges in deficit States through PPP. Incentives linking payment to performance will also be introduced in the public health system.
The following targets have been set during the Eleventh Plan to ensure an efficient public health delivery system under the National Rural Health Mission (NRHM), which was launched in 2005.
Over 5 lakh Accredited Social Health Activists (ASHAs), one for every 1000 population in 18 Special Focus States and in tribal pockets of all States by 2008.
All sub-centres (nearly 1.75 lakh) functional with two Auxiliary Nurse Midwives by 2010.
Mobile Medical Units for each District by 2009.
Functional Hospital Development Committees in all CHCs, SDHs, and District Hospitals by 2009.
Untied grants and annual maintenance grants to every Sub-centre, PHC and CHC released regularly and utilized for local health action by 2008.
All District Health Action Plans completed by 2008.

During the Eleventh Plan, special attention will be paid to various aspects of women’s health, including maternal morbidity and mortality, and child sex ratio. Besides encouraging institutional deliveries under NRHM, Traditional Birth Attendants (TBAs) will be trained to upgrade them as Skilled Birth Attendants. Reducing travel time to two hours for emergency obstetric care will be a
key social intervention.
For reducing infant mortality, focus will be on Home Based Newborn Care (HBNC) complemented by Integrated Management of Neonatal and Childhood Illnesses.

Improving all district hospitals will be a key intermediate step in the health strategy. During the
Plan period, six AIIMS-like institutions will be set up and 13 medical institutes upgraded to that level.
The urban poor, particularly slum dwellers, a health insurance based National Urban Health Mission will be launched.
The Eleventh Plan also focuses on developing human resources to not just meet the needs of the health care system, but also to increase employment opportunities and make India a hub for health tourism. This will involve reintroducing licentiate courses in medicine, and establishing medical, nursing, dental and paramedical colleges in the under-served areas.
Good governance, transparency and accountability in the delivery of health nutrition and related services will be ensured through involvement of local self governments, community and civil society groups.
High levels of malnutrition continue to influence morbidity and mortality rates in the country.

A variety of interventions consisting of dietary diversification, nutrient supplementation and public
health measures involving better hygiene, sanitation and deworming will be undertaken to tackle the problem of malnutrition. The Integrated Child Development Services (ICDS) scheme, the government’s main programme for addressing the problem of malnutrition, will be universalized on a fully decentralized on-demand basis and restructured in the Eleventh Plan as described below.
The implementation of ICDS will be improved by giving responsibility of execution to the community and PRIs. Besides, there will be wider coverage of hot cooked meals and extensive promotion of infant and young child feeding practices.

WOMENS AGENCY AND CHILD RIGHTS
Inclusive growth in the Eleventh Plan envisages respecting the differential needs of all women and children and providing them with equal access to opportunities. This can only happen when women are recognized as agents of socio-economic growth with autonomy of decision-making and the rights of children are respected.
The Eleventh Plan proposes a five-fold agenda for gender equity. This includes
economic empowerment;
social empowerment;
political empowerment;
strengthening mechanisms for effective implementation of women-related legislations; and
augmenting delivery mechanisms for mainstreaming gender.

For children, it adopts a rights framework based on the principles of protection, well-being, development and participation. Recognizing that women and children are not homogenous
categories, the Eleventh Plan aims to have not just general programmes, but also special targeted interventions, catering to the differential needs of different groups. Thus during the plan period, specific pilots for girl children and Muslim women, will be taken up.

Maternal health services will be improved and emergency and compulsory obstetrics care will be made available within a travel time of two hours.

Departing from previous Plans, the Eleventh Plan views violence as a public health issue and calls for training of medical personnel at all levels of the health care system to recognize and report violence against women and children. The Eleventh Plan also introduces the Integrated Child Protection scheme and the Scheme for Relief and Rehabilitation of Victims of Sexual Assault. New and empowering bills like the Sexual Harassment at Workplace Bill and the Compulsory Registration of Marriages Bill are expected to become law during the Plan period.

POVERTY, LIVELIHOOD SECURITY, AND
RURAL DEVELOPMENT
Accelerating agriculture development with emphasis on watershed development in dryland areas and a special focus on small farmers will increase employment and help reduce poverty in rural areas. The NREGP provides income support for those in need of employment while also helping to create assets that will increase land productivity. The Bharat Nirman programme will provide electricity and drinking water to all habitations before the end of the Plan period. The Rural Health Mission is directed to reach health services to all. The total sanitation campaign (TSC)
should provide clean environment in villages.

URBAN INFRASTRUCTURE AND URBAN POVERTY
ALLEVIATION
India is relatively less urbanized (29.2% as on 1 October 2007 as per the projections made by the office of Registrar General of India) than other countries at the same level of development. However, since the scope for employment opportunities in rural areas is somewhat limited, accelerated growth as envisaged in the Eleventh Plan is expected to result in more rapid migration of rural populations to urban centres. To deal with the situation, a two-pronged action plan is necessary. First, the quality of infrastructure in existing cities will have to be upgraded
to provide improved municipal services to larger numbers of people and, second, new suburban townships will have to be developed in the vicinity of existing cities as satellites/ counter magnets to reduce/redistribute the influx of population.
Not only is India less urbanized, the state of urban infrastructure, especially the availability of water and sewage treatment facilities, is much lower than what it should be. Urban transport infrastructure also leaves much to be desired. The Jawaharlal Nehru National Urban Renewal Mission (JNNURM), which commenced in the Tenth Plan, will continue to be the main vehicle for raising the level of infrastructure and utilities in the existing cities.
The aim of the Mission is to create economically productive, efficient, equitable and responsive cities and the focus is on:
(i) improving and augmenting the economic and social infrastructure of cities;
(ii) ensuring basic services to the urban poor, including security of tenure at affordable prices;
(iii) initiating wide-ranging urban sector reforms whose primary aim will be to eliminate legal, institutional and financial constraints that have impeded investment in urban infrastructure and services;
(iv) strengthening municipal governments and their functioning in accordance with the provisions of the Constitutional (Seventy-Fourth) Amendment Act, 1992.

The development of satellite townships can be left largely to the private sector. However, in order to facilitate and induce such development the State Governments will need to undertake provision of trunk level infrastructure. The National Capital Region Planning Board is tasked with planning the process of infrastructure development for the areas around Delhi. Similar boards can be set up to undertake coordinated development of townships around other large cities, learning from the Delhi experience to make the planning process more effective.

Urban poverty alleviation and slum development will continue to be an important component of the Eleventh Plan. The Swarna Jayanti Shahri Rozgar Yojana (SJSRY), a CSS to provide gainful employment to the urban unemployed (below the poverty line) will be implemented in a
revamped form during the Eleventh Plan period.

SCIENCE AND TECHNOLOGY AS A DRIVER OF GROWTH
Science and Technology are important drivers of economic growth and development in the contemporary world.
In order to enlarge the pool of scientific manpower in the country and to attract and foster talent in scientific research a programme for ‘Innovations in Science Pursuit for Inspired Research’ (INSPIRE) will be launched. This will involve innovation funding in schools, summer camp
with Science Icons (for high performers), assured career opportunity scheme for proven talent, and retention of talent in publicly-funded research. In addition, the Oversight Committee recommendation regarding Scholarships for Higher Education (SHE) providing 10000 scholarships per year for attracting talented science students of BSc and MSc courses will also be effectively implemented.

Universities are the cradle for basic research. To promote basic research in the country, a two pronged strategy will be adopted, aiming at:
(i) Expansion and strengthening of the S&T base in the universities, and
(ii) providing support to established centres of advanced research on the basis of competitive research funding for undertaking major and internationally competitive research programmes.

An effort would also be made to ensure that the wide pool of excellence available in the publically funded research institutions also participate actively as adjunct faculty in the universities and newly created academic and research institutions.

Effective mechanisms for promoting scientific research in the country

ENVIRONMENT AND SUSTAINABILITY
Translating the vision of environmental sustainability will require that environment concerns are
given a very high priority in development planning at all levels in the Eleventh Plan. Enforcement mechanisms for dealing with industrial and vehicular pollution will be strengthened on the principle of polluter pays concept.
Environmental management (including municipal solid waste and sewage management). Integrate sewage treatment with water conservation. Local bodies will be provided with adequate financial support for the purpose.

The River Conservation Programme

The prospect of climate change presents a serious threat to our development over the longer term horizon.
Development and promotion of low carbon and high energy-efficient technologies with reasonable costs will be a priority. The Clean Development Mechanism (CDM) will be used as an incentive. A National Action plan on Climate Change is being prepared.

PANCHAYATI RAJ INSTITUTIONS (PRIS)
AS DELIVERY MECHANISMS
The Eleventh Plan seeks to substantially empower and use PRIs as the primary means of delivery of the essential services that are critical to inclusive growth. The 73rd and 74th Amendments to the Constitution have led to the establishment of about 2.5 lakh elected institutions of local self-government. (about 2.38 lakh in rural areas and the rests in urban areas). We have about 3.2 million elected representatives in the PRIs of which as many as 1.2 million are women. There are more elected women in India alone than in the rest of the world put
together. It is absolutely critical for the inclusiveness of our growth process that these large numbers of elected representatives in our PRIs are fully involved in planning, implementing and supervising the delivery of the essential public services.

MONITORABLE TARGETS
A key feature of the inclusive growth strategy in the Eleventh Plan is that growth of GDP should not be treated as an end in itself, but only as a means to an end. This is best done by adopting monitor able targets which would reflect the multi-dimensional economic and social objectives of inclusive growth. Furthermore, to ensure efficient and timely implementation of the accompanying projects and programmes, these targets need to be disaggregated at the level of the States which implement many of the programmes.

Following this approach, 27 monitorable targets have been identified at the national level of which 13 can be disaggregated at the level of individual States. These targets are ambitious, but it is better to aim high and fail than to aim low.

THE 27 NATIONAL TARGETS
Twenty-seven targets at the national level fall in six major categories. The six categories are:
(i) Income and Poverty;
(ii) Education;
(iii) Health;
(iv) Women and Children;
(v) Infrastructure; and
(vi) Environment.

The targets in each of these categories are given below.
(i) Income and Poverty
Average GDP growth rate of 9% per year in the Eleventh Plan period.
Agricultural GDP growth rate at 4% per year on the average.
Generation of 58 million new work opportunities.
Reduction of unemployment among the educated to less than 5%.
20% rise in the real wage rate of unskilled workers.
Reduction in the head-count ratio of consumption poverty by 10 percentage points.

(ii) Education
Reduction in the dropout rates of children at the elementary level from 52.2% in 2003–04 to 20% by 2011–12.
Developing minimum standards of educational attainment in elementary schools, to ensure quality education.
Increasing the literacy rate for persons of age 7 years or more to 85% by 2011–12.
Reducing the gender gap in literacy to 10 percentage points by 2011–12.
Increasing the percentage of each cohort going to higher education from the present 10% to 15% by 2011–12.

(iii) Health
Infant mortality rate (IMR) to be reduced to 28 and maternal mortality ratio (MMR) to 1 per 1000 live births by the end of the Eleventh Plan.
Total Fertility Rate to be reduced to 2.1 by the end of the Eleventh Plan.
Clean drinking water to be available for all by 2009, ensuring that there are no slip-backs by the end of the Eleventh Plan.
Malnutrition among children of age group 0–3 to be reduced to half its present level by the end of the Eleventh Plan.
Anaemia among women and girls to be reduced to half its present level by the end of the Eleventh Plan.

 (iv) Women and Children
Sex ratio for age group 0–6 to be raised to 935 by 2011– 12 and to 950 by 2016–17.
Ensuring that at least 33% of the direct and indirect beneficiaries of all government schemes are women and girl children.
Ensuring that all children enjoy a safe childhood, without any compulsion to work.

(v) Infrastructure
To ensure electricity connection to all villages and BPL households by 2009 and reliable power by the end of the Plan.
To ensure all-weather road connection to all habitations with population 1000 and above (500 and above in hilly and tribal areas) by 2009, and all significant habitations by 2015.
To connect every village by telephone and provide broadband connectivity to all villages by 2012.
To provide homestead sites to all by 2012 and step up the pace of house construction for rural poor to cover all the poor by 2016–17.

(iv) Environment
To increase forest and tree cover by 5 percentage points.
To attain WHO standards of air quality in all major cities by 2011–12.
To treat all urban waste water by 2011–12 to clean river waters.
To increase energy efficiency by 20% by 2016–17.

THE 13 STATE-SPECIFIC TARGETS
The Eleventh Plan has been formulated in a manner whereby 13 of the 27 monitorable national
targets have been disaggregated into appropriate targets for individual States. These are
(i) GDP growth rate
(ii) Agricultural growth rate
(iii) New work opportunities
(iv) Poverty ratio
(v) Drop out rate in elementary schools
(vi) Literacy rate
(vii) Gender gap in literacy rate
(viii) Infant mortality rate (IMR)
(ix) Maternal mortality ratio (MMR)
(x) Total Fertility Rate (TFR)
(xi) Child malnutrition
(xii) Anaemia among women and girls
(xiii) Sex-ratio

SIZE OF THE ELEVENTH PLAN
The total public sector outlay in the Eleventh Plan (both Centre and States and including their PSEs) is estimated at Rs 3644718 crore. Of this total, the share of the Centre (including the plans of PSEs) will amount to Rs 2156571 crore, while that of the States and union territories (UTs) will be Rs 1488147 crore.
The proposed size of the Eleventh Plan is much larger than the projected outlay, as well as the actual realization, in the Tenth Plan. At comparable prices, the Eleventh Plan outlay will be 120% higher than the Tenth Plan realization.
Mobilizing resources in the public sector to finance the proposed Eleventh Plan will call for a major effort at generating tax revenues and controlling non- Plan expenditure and also improving the resource generation capacity of the PSEs.


No comments:

Post a Comment