'Uniform growth tough to attain'

Speaking at the inauguration of a seminar on Vision 2020, he said it has been difficult to achieve balanced growth across the world. So, the economic growth should be encouraged wherever it is possible. And in places where the growth is difficult and slow, appropriate steps should be taken to ensure human development.

“In a state like Karnataka, one cannot expect to have balanced growth. We cannot expect investors to invest in every district and taluks. Some will have potential for growth, while others would not. Hence, the theory of balanced growth seems difficult to attain,” he said.

The State needs to take up many liberalisation measures to accelerate the growth process. Especially, there is an urgent need for legal reforms. The State has been witnessing 6 per cent growth rate for the past few days. However, the poverty reduction rate is just 2 per cent. This is because nearly 65 per cent of population is still dependant on agriculture, though the primary sector is contributing very less to the GSDP, he said.