Thaindian News

Moscow, May 12 (IANS/RIA Novosti) Russia would become one of the world’s top five economies in the next decade, said Russian Prime Minister Vladimir Putin Wednesday.

“In the next decade, Russia should join the world’s top five economies in terms of GDP. But it is not so much about the figures but rather the quality of development based on innovations and higher efficiency,” Putin said at a meeting with Russian car makers in Togliatti on the Volga river.

The premier also warned against de-industrialising the country by moving production units to other countries.

Putin said Russia should have the entire technological and industrial production chain on its own territory, from research and design to manufacturing.

He cited the examples of developed countries which had transferred plants to developing countries but saw their positions weaken on the high-tech markets.

The premier called for diversifying the economy and cutting its dependence on energy exports.

He said the labour market and education had to be modernised, and well-paid jobs provided.

Putin also called for new ambitious projects in energy, construction and infrastructure.

He also said Russia needed a new wave of industrialisation.

“I mean the high-tech industry of the 21st century based on free competitive market,” he said.

The premier, who has been promoting Russian car-making industry, tried a new model of the Togliatti-based Avtovaz line, Lada Granta, which is to come on sale in December for 220,000 rubles ($8,000) in a basic version.

“It’s a good car,” he said. “It is a good car for travelling to a country house.”

–IANS/RIA Novosti
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