Fractured mandate deters implementation of ‘obvious’ policiesNovember 14th, 2007 - 2:44 am ICT by admin
Singh’s remarks also highlight the pulls and pressures that a coalition government has to live with.
More than a decade has passed in the Indian polity since a single-party government has ruled the country. The last government that could be referred very close to a single party rule was of P V Narasimha Rao that completed its term in 1996. Singh was then Union Finance Minister and began the economic reforms.
This was followed by coalitions led by Deve Gowda, I K Gujral, and Atal Behari Vajpayee.
Singh today also said, that Indian economy sustained close to 9 per cent growth for continuous years.
“You must compare this number against the fact that for almost three decades after Independence, our annual growth rate was a mere 3.5 per cent,” Singh added.
Recalling the economic reforms of 1991, Singh said that it had unleashed a new era of entrepreneurial growth in the country.
He, however, admitted that the country has a long road to travel before it can claim to have fulfilled Mahatma Gandhi’s prayer to wipe the last tear from the poorest of the poor.
“Our Government has been committed to making the growth process more inclusive socially,” Singh said.
Enlisting the Central Government’s initiative to bring rural prosperity in the country, the Prime Minister said: “We have launched a number of initiatives to step up investment in agriculture and rural development, in education and health care, in urban renewal and poverty removal, in rural infrastructure and in rural employment generation.”
“These initiatives are bearing now solid results and I am confident, will certainly make the growth process more inclusive in years to come,” he added.
A judicious mix of equity and efficiency considerations is vital in the policy initiatives we undertake, Singh said.
Commenting on the concept of the Public-Private Partnership (PPP), he said that the successful implementation of social and human development initiatives requires greater PPP.
Expressing his concern over the usage of public funds, the Prime Minister said: “I have been deeply concerned about the efficiency of utilization of public funds, especially in infrastructure development but also in education and health care.”
He then again looked at the PPP as solution to overcome this problem.
“I have been looking for ways to combine our concern for equitable outcomes with our concern for efficient utilization of outlays. I find the PPP as an effective means of combining these two considerations,” Manmohan Singh said. (ANI)
- Democracy is best guarantor of internal security: PM - Dec 31, 2011
- 12th Plan growth projection lowered to 8.2 percent - Sep 14, 2012
- PM willing to talk to NCP 'on any issue' (Lead) - Jul 25, 2012
- Impasse with Congress could end, signals NCP - Jul 25, 2012
- UPA-II showcases strong economy (Second Lead) - May 22, 2012
- Last reshuffle before 2014 polls, balance maintained: PM (Lead) - Jul 12, 2011
- Comment on reforms not linked to 2014 election: Kaushik Basu - Apr 20, 2012
- Text of PM's statement in parliament - Dec 27, 2011
- Reforms are our priority number one: PM - Aug 20, 2011
- PM's address at National Integration Council meet - Sep 10, 2011
- Text of PM's message - Dec 31, 2011
- Time calls Manmohan an underachiever (Lead) - Jul 08, 2012
- UPA-II high on economy, to combat Maoism, corruption (Night Lead) - May 22, 2012
- BRICS working for shared prosperity: Manmohan Singh - Apr 14, 2011
- S&P; cuts India's outlook, warns of ratings downgrade (Lead) - Apr 25, 2012
Tags: atal behari vajpayee, coalition partners, economic reforms, embarrassed, employment generation, entrepreneurial growth, indian economy, indian polity, last tear, long road to travel, mahatma gandhi, mckinsey, p v narasimha rao, party government, road to travel, single party, union finance minister, UPA