(a) whether the World Economic Forum, Managing Director white addressing the India
Economic Summit laid aown a four point agenda to assist India in attaining eight to
nine percent GDP growth;
(b) if so, the details in this regard;
(c) the other suggestions/recommendations made at the summit;
(d) the Government`s response thereto; and
(e) the action likely to be taken by Government to attain eight to nine percent
GDP growth?
THE MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI BALASAHEB V1KHE PATIL) ;
(a) to (c) The main suggestions made by the Managing Director, World Economic Forum at
the India Economic Summit, 2000 (held in New Delhi from 26th-28th November 2000) were :
acceleration of reforms for creating infrastructure, liberalization of banking and financial
sectors, reduction of Government deficit and greater thrust on disinvestment and privatisation.
The Summit also recommended greater decentralization of decision-making, revamping of
labour and bankruptcy laws, reduction of delays in the legal set up, seeking greater market
access in other countries as well as removal of Quantitative Restrictions and other
non-tariff barriers and promotion of productive interaction between Government, business
and civil society.
(d) and (e) The Government keeps in view the suggestions made by various organizations
and individuals while formulating policies. Various growth-inducing reform measures have
been implemented in industrial, financial and external sectors of the economy. The reforms
are being continued for enhancing growth and imparting dynamism to the economy.