New Delhi: Finance Minister P Chidambaram said on 17 March the Government would make efforts for an economic growth rate of well above 8% and close to 9% in 2008-09.
“We have delivered high growth... we will make every effort to maintain growth rate at well over 8% and close to 9% (in 2008-09),” he said replying to the debate on the budget in Rajya Sabha here. The Indian economy has moved on to a higher growth plane, he said.
The average growth rate during the four years of UPA government was 8.7%, the minister said adding the XIth Five Year Plan has set a target of average growth rate of 9% and a 10% growth rate in the terminal year (2011-12).
“Growth is imperative. Growth is important. If there is growth there is chance of inclulsive growth. Without growth there is no chance of inclusive growth,” he said. The UPA government, he said, was striving for an inclusive growth.