Highlights of Chidambaram’s address

July 22nd, 2008 - 2:52 pm ICT by IANS  

A file-photo of P. Chidambaram

New Delhi, July 22 (IANS) Following are the highlights of Finance Minister P. Chidambaram’s address Tuesday during the debate on the motion of confidence moved by Prime Minister Manmohan Singh: - India economic growth averaged 8.9 percent in past four years

- Growth rate pegged at 9.1 percent for 2007-08

- Growth during preceding six years under NDA rule was 5.8 percent

- Record food grain production of 230.7 million tonnes last fiscal

- Record farm credit of Rs.2,500 billion ($62.5 billion) extended

- Farm credit target of Rs.2,800 billion ($70 billion) for 2008-09

- Rural job guarantee scheme extended to all 597 rural districts of the country

- Farm debt relief and waiver worth Rs.664.77 billion ($16.7 billion) doled out

- Farm debt relief benefited 36,387,123 farmers (36.38 million) farmers

- India must aspire to become economic superpower and emulate China

- China’s rice yield 6.26 tonnes per hectare against India’s 2.1 tonnes

- China’s wheat yield 4.42 tonnes per hectare against India’s 2.72 tonnes

- China’s steel output 419 million tonnes against India’s 44 million tonnes

- China’s coal output 2,482 million tonnes against India’s 487 million tonnes

- China proposes six-fold increase in nuclear power generation

- China proposes 50,000 MW through nuclear power by 2020

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