Restoring the growth momentum would require filling a resource gap of Rs. 1.6 lakh cr to finance public investment until 2012

Restoring the growth momentum would require filling a resource gap of Rs. 1.6 lakh cr to finance public investment until 2012
The Financial Express, September 7, 2009, Page 4

Manmohan Singh, Prime Minister

India will end the current financial year with a GDP growth rate of 6.3%, despite a slowdown in the second and third quarters. The planning commission estimate released on Tuesday comes a day after government data showed first quarter GDP growth at 6.1%. The meeting of the commission, chaired by PM Manmohan Singh, said restoring the growth momentum would require filling a resource gap of Rs. 1.6 lakh croe to finance public investment until 2012, the terminal year of the 11th Five-Year Plan. Without mentioning disinvestment in public enterprises, Singh said the plan panel has established the challenge of resource mobilization.