02-25-2005, 11:29 PM
Commies will be delighted. <!--emo&
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<b>India must deregulate if it wants higher growth: govt survey</b><!--QuoteBegin-->QUOTE<!--QuoteEBegin-->NEW DELHI (AFP) - India needs to ease foreign investment caps, relax rigid labour laws and cut duties to international levels if it is to hit even the lower end of its 7.0-8.0 percent long-term growth target, the government said.
"Growth performance during 2003-04 and 2004-05 indicates a possible ratcheting up of the trend rate of growth of the economy from around 6.0 percent to 7.0 percent a year," the government said in an annual survey submitted to parliament before the national budget Monday.
The forecast is a long way from the anaemic 2.0-3.0 percent performance, dubbed the "Hindu rate of growth,"<i> [Congress+commie rate of growth]</i> seen in the 1970s and 1980s before India moved to liberalise its economy in 1991<!--QuoteEnd--><!--QuoteEEnd-->
--><img src='style_emoticons/<#EMO_DIR#>/biggrin.gif' border='0' style='vertical-align:middle' alt='biggrin.gif' /><!--endemo--> <b>India must deregulate if it wants higher growth: govt survey</b><!--QuoteBegin-->QUOTE<!--QuoteEBegin-->NEW DELHI (AFP) - India needs to ease foreign investment caps, relax rigid labour laws and cut duties to international levels if it is to hit even the lower end of its 7.0-8.0 percent long-term growth target, the government said.
"Growth performance during 2003-04 and 2004-05 indicates a possible ratcheting up of the trend rate of growth of the economy from around 6.0 percent to 7.0 percent a year," the government said in an annual survey submitted to parliament before the national budget Monday.
The forecast is a long way from the anaemic 2.0-3.0 percent performance, dubbed the "Hindu rate of growth,"<i> [Congress+commie rate of growth]</i> seen in the 1970s and 1980s before India moved to liberalise its economy in 1991<!--QuoteEnd--><!--QuoteEEnd-->