Industry & Economy
-
Economy
States
-
Andhra Pradesh
Growth sustainable, says Rangarajan
Our Bureau
|
Honorary doctorate conferred
|
Visakhapatnam
,
Nov. 6
Dr C. Rangarjan, former governor of the RBI and former Governor of Andhra Pradesh, is of the view that the present growth rate (eight per cent) is sustainable and the rate may even touch, or cross, the nine per cent mark.
He was delivering a lecture on `Sustaining a higher growth' in Andhra University here on Monday evening at the convocation after honorary doctorate was conferred on him.
Honorary doctorates were also conferred on Dr A. Sivathanu Pillai, Chief Controller (R&D), DRDO, and Telugu actor Chiranjeevi.
Exuding optimism over the performance of the economy during the recent past, Dr Rangarajan, however, also spoke of the challenges ahead. "We need to translate growth into poverty reduction. In other words, we need to generate poverty-reducing growth - growth to which the poor contribute and from which the poor benefit," he explained.
He named six challenges - stepping up farm growth, development of infrastructure, fiscal consolidation, building social infrastructure, managing globalisation and good governance.
"If we take care of these areas, the growth rate is sustainable. Again, of these six areas, three are most important - agriculture, infrastructure (power in particular) and good governance," he said.
Mr Rameshwar Thakur, Governor of Andhra Pradesh and the Chancellor of the university, and Prof. L. Venugopala Reddy, Vice-chancellor, also spoke.
More Stories on :
Economy |
Andhra Pradesh |
Events
Article
E-Mail
::
Comment
::
Syndication
::
Printer Friendly Page
|
