Improving India's rural economy is the key to matching China's economic growth rate of 10 per cent, Indian financial policymakers said yesterday.
Speaking at a meeting on growth strategy over the next four years, K.M. Chandrasekhar, the government's cabinet secretary, said that reaching double- digit growth was “l(fā)argely contingent” on the farm sector's achieving 4 per cent growth.
Particular attention, he said, was needed to secure higher productivity in India's eastern states, Bihar and Jharkhand. Last year, a severe drought led to a contraction in farm output.
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