Business Standard

FM endorses models of Bhagwati and Sen

Chidambaram said the growth models should attack Narendra Modi government's performance in health care

Read more on:    India | Amartya Sen | P Chidambaram | Jagdish Bhagwati
P Chidambaram
P Chidambaram
Related News

Amid a debate over rival growth models suggested by economists and Jagdish Bhagwati, Finance Minister on Monday endorsed both  saying these were equally important and emphasised the need to combine a passion for growth with compassion for the poor.

While Sen’s model advocates should invest more in its social infrastructure, the model by Bhagwati argues a focus on growth can yield enough resources for investing in social sector schemes.

Chidambaram said the growth models should attack Narendra Modi government’s performance in health care.

Chidambaram said growth in the current financial year would move up to six per cent from five per cent in 2012-13. "Our best minds are trying to address the challenges," he said.

The growth rate would improve to seven per cent in the next financial year and eight per cent thereafter, he said.

Read more on:   
|
|
|

Read More

SC begins hearing on R-Tel plea

Summons order was on an application by CBI which had already examined Anil Ambani two years ago

Quick Links

Back to Top