Press Esc to close

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

More from this section
Most trending stories
Photo Gallery
Sehwag and Kaif at the announcement of the inaugural edition of St. Moritz Ice Cricket...

Sehwag and Kaif at the announcement of the inaugural edition of St. Moritz Ice Cricket...

A general view of Mumbai's central financial district...

A general view of Mumbai's central financial district...

BJP supporters pose after lighting candles in a formation of the map of Gujarat...

BJP supporters pose after lighting candles in a formation of the map of Gujarat...

Mulayam Singh offers cake to his son Akhilesh Yadav during his 79th birthday celebrations....

Mulayam Singh offers cake to his son Akhilesh Yadav during his 79th birthday celebrations....

Trump with Melania Trump and their son Barron Trump...

Trump with Melania Trump and their son Barron Trump...

Shah Rukh Khan at the Mard Concert, also known as Lalkar...

Shah Rukh Khan at the Mard Concert, also known as Lalkar...

Murli Vijay, K L Rahul and Vijay Shankar at a practice sesion in Nagpur ...

Murli Vijay, K L Rahul and Vijay Shankar at a practice sesion in Nagpur ...

Sikh devotees carrying palanquin in a Nagar Kirtan procession at the Golden Temple...

Sikh devotees carrying palanquin in a Nagar Kirtan procession at the Golden Temple...

A BJP worker dressed up Lord Hanuman along with a Muslim party worker takes part in a campaign...

A BJP worker dressed up Lord Hanuman along with a Muslim party worker takes part in a campaign...

Shraddha Kapoor being felicitated by Film maker Subhash Ghai as the youth icon during IFFI...

Shraddha Kapoor being felicitated by Film maker Subhash Ghai as the youth icon during IFFI...

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.