![]() Financial Daily from THE HINDU group of publications Tuesday, Dec 03, 2002 |
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Industry & Economy
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Economy Plan panel report provides Assam tips for growth Our Bureau
NEW DELHI, Dec. 2 AGAINST the average all-India rate of growth of Gross Domestic Product of 6.68 per cent during the period 1993-94 to 1999-2000, Assam registered a growth rate of 2.19 per cent State Domestic Product in this period on an average per annum. This was stated in the Assam Development Report presented to the Prime Minister Mr Atal Bihari Vajpayee, by the Deputy Chairman, Planning Commission, Mr K.C. Pant, here today. Currently, the State development reports for 20 States have been initiated and over the Tenth Plan span, the exercise would be extended to include most of the States. The objective of these reports is to provide a quality reference document on the development profile and strategies for accelerating the growth rate of the States and also to act as a principal input in their development. As the Tenth Plan aims at obtaining a national growth target of 8 per cent per annum, this would require achieving a growth rate of over 6 per cent per annum even in less developed States like Assam. The Assam Development Report is designed to catalyse policy action towards achieving the desired growth rate of over 6 per cent per annum. The report is the joint effort of the Government of Assam and the Indira Gandhi Institute of Development Studies with the funding for preparation of the report being entirely borne by the Planning Commission. The report has explored at length what has constrained development of critical sectors of the State economy and what should be done for better results and accelerated growth of the State's economy. In this regard, the report identified different sectors for playing crucial roles viz., agriculture, horticulture and agro processing, sericulture, handicrafts, fishery and forestry, tourism, petro-chemical and related industries and IT-based services, an official release said.
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