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(From Business Line)
MUMBAI, April 11. CAN the country's annual growth rate crawl up from 5.6 per cent in 2002-03 to the targeted 8 per cent? The broad sentiment in Indian industry is that it is a "realisable target", but it significantly hinges on how well domestic growth is balanced with exports through increase in productivity and per capita income.
While industry is unanimous on the need for the country to nudge an annual rate of 8 per cent and stabilise at over 10 per cent for the next few years, analysts feel that the infrastructure and manufacturing sectors hold the key to achieving the 8 per cent and above growth target.
Why is it …