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Mumbai , Nov. 8

WITH a good economic performance, Maharashtra has the capacity to achieve a growth rate of 12 per cent in the next five years. As some other States will struggle to reach the growth target of 8 per cent, the responsibility of pulling up the economy would rest with Maharashtra, said Mr Montek Singh Ahluwalia, Deputy Chairman, Planning Commission. He was speaking here on Tuesday after releasing the Maharashtra State Development Report.

The report, prepared under the guidance of Planning Commission, sets the agenda for development issues in Maharashtra. Mr Ahluwalia said it is an attempt to document all the micro success stories in the State. Some of the recommendations in the report, like setting up of a water resources development authority, have been already been initiated in the State, he said.

Mr Ahluwalia said the Centre is ready to provide incentive-based special assistance to urban areas such as Mumbai, provided the State governments introduce urban sector reforms and create basic infrastructure for the underprivileged. The assistance would be provided under the proposed National Urban Renewal Mission, he said. However, Mr Ahluwalia refused to elaborate on the reforms that the Centre expects from urban areas, stating that the issue would become clear once the Cabinet discusses it.

On the State's ability to ensure a high economic growth rate, Mr Ahluwalia admitted that subsidy is a problem.

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