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INDIA SHOULD RECORD 14% EXPORT GROWTH FOR 8% GDP: PLANNERS.
NEW DELHI, Dec 1 Asia Pulse - The Planning Commission of India said exports should grow by 14 per cent if an over 8.0 per cent GDP growth rate is to be achieved, and asked the industry to shun all bias against liberalisation of imports and foreign investment.
"The principal argument for encouragement of foreign investment flows into the country arises from the need to step up growth rate of the economy and foreign exchange financing requirement that arises from it," Planning Commission Deputy Chairman K C Pant said Friday, inaugurating the Annual Management Convention of Noida Management Association here.
Favouring greater inflow of ...
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