CMP targets 7-8% growth per year
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27/05/2004
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Asian Age (New Delhi)
Prime Minister Manmohan Singh's slogan of reform with a human face guides the Congress-led government's Common Minimum Programme that pledges to pursue a progressive economic policy placating both the Left forces and the Indian Inc. The CMP gives thrust on infrastructure development, promotion of FDI in high-technology and exports sectors and commits itself to maintaining a growth of at least seven to eight per cent per year over a decade. While promising reforms for the vibrant growth of the capital markets, it delivered a stern warning that "strictest action will be taken against market manipulators and for deliberate market planning."