Press Esc to close
Sunday 30 April 2017
News updated at 10:01 AM IST

Poverty declines: Manmohan

NEW DELHI, Jul 31, 2013, DHNS : 3:26 IST

Per capita consumption in rural areas rises, says PM

Amid a raging debate over poverty benchmark and the number of poor people in India, Prime Minister Manmohan Singh said on Wednesday said poverty is declining. Per capita consumption has also increased, he said.

"Poverty is falling fast even though there are disputes going on among professional colleagues about the pace of change. Per capita consumption in real terms in rural areas has increased four times faster from 2004-05 than it did earlier,” Singh said here after releasing a book, “An Agenda for India's Growth: Essays in Honour of P Chidambaram.”

He also said the erstwhile BIMARU states are doing much better.

Singh, however, said to revive overall economic growth, the government will have to act “boldly and decisively”.

“I do not underestimate the task before us. As the twelfth plan points out, our preferred scenario of strong inclusive growth at an average rate of 8 per cent per year will not come from business as usual policies. We have to act boldly and decisively,” he said.

“We must view this as a short term deceleration. Our government is determined to once again accelerate the pace of change. Once again, we will prove the naysayers and Cassandras of doom wrong,” the prime minister said.

The government has to deal with macro economic imbalances and major challenges in key sectors such as energy, water and land.

Parliamentary majority alone is not enough to pursue reforms as there are differences within parties, Singh said. For reforms to be credible, it is necessary that a wide cross-section of the society should understand the need for and accept, the policy changes that a government wishes to make, he said.

"In a democracy, reform, be it of economic policy or of institutions, is essentially a political process. We have to build a sufficiently wide political consensus in favour of the policies we wish to adopt," the prime minister added.

Go to Top

Photo Gallery
My Take: Can you count colours? Photo by Nalini R Magal from Hassan...

My Take: Can you count colours? Photo by Nalini R Magal from Hassan...

My Take: Happiness as a warm puppy. Photo by Varsha Chalageri from Dharwad...

My Take: Happiness as a warm puppy. Photo by Varsha Chalageri from Dharwad...

My Take: Pretty posers. Photo by Siddhi Doddanavar, from Belgaum...

My Take: Pretty posers. Photo by Siddhi Doddanavar, from Belgaum...

My Take: You mean, I wont grow up to be a tiger? Photo by Praveenkumar P K from Dharwad

My Take: You mean, I wont grow up to be a tiger? Photo by Praveenkumar P K from Dharwad

The good side vs the bad side. Photo by Gayatri Venkatesh from Bengaluru...

The good side vs the bad side. Photo by Gayatri Venkatesh from Bengaluru...

Border Security Force (BSF) personals handing over a 15 years old Pakistani national Razak...

Border Security Force (BSF) personals handing over a 15 years old Pakistani national Razak...

Basaveshwara statue is decorated on the occasion of Basava Jayanthi and Akshaya Tritiya....

Basaveshwara statue is decorated on the occasion of Basava Jayanthi and Akshaya Tritiya....

A Japanese Hitoshi Takahashi biker performs stunt during Yamaha FMX stunt show in Kochi, Kerala...

A Japanese Hitoshi Takahashi biker performs stunt during Yamaha FMX stunt show in Kochi, Kerala...

People use umbrella to protect from rain at at MG Road and Kasturba Road junction in Bengaluru...

People use umbrella to protect from rain at at MG Road and Kasturba Road junction in Bengaluru...

A lion beats the heat by relaxing under a tree at Dr Shivaram Karnath Biological Park...

A lion beats the heat by relaxing under a tree at Dr Shivaram Karnath Biological Park...

Like us on Facebook

Copyright 2017, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523
Powered by Yodasoft Technologies Pvt. Ltd.