MINISTER OF STATE IN THE MINISTRY OF FINANCE(SHRI NAMO NARAIN MEENA)
(a)As per the Asian Development Bank`s latest publication `Asian Development
Outlook 2010`,growth rates of major Asian countries during last the three years
are given below:
Table: Growth rate of GDP (per cent per year)
Sl Country 2007 2008 2009
1. China 13.0 9.6 8.7
2. Korea 5.1 2.3 0.2
3. India 9.2 6.7 7.2
4. Indonesia 6.3 6.0 4.5
5. Malaysia 6.2 4.6 (-)1.7
6. Philippines 7.1 3.8 0.9
7. Thailand 4.9 2.5 (-)2.3
8. Vietnam 8.5 6.2 5.3
9. Singapore 8.2 1.4 (-)2.0
Source: Asian Development Outlook 2010 of Asian Development Bank
(b)To achieve the targeted inclusive economic growth, Government is giving high
priority to provision of high quality physical infrastructure such as roads,
ports, airports, railways, telecommunication, energy, irrigation, urban and rural
water supply etc. During the Eleventh Five Year Plan, it is targeted to achieve
gross capital formation in infrastructure of about Rs. 20, 11,521 crore.
(c) & (d) In order to promote social safety net, a number of schemes are being
implemented which, inter alia, include Indira Gandhi National Old Age Pension
Scheme, Aam Admi Bima Yojana, Rashtriya Swasthya Bima Yojana, Unorganised Workers`
Social Security Act 2008. Besides, poverty alleviation and employment generation
programmes like Mahatama Gandhi National Rural Employment Guarantee Scheme,
Swaranjayanti Gram Swarozgar Yojana, Swarnajayanti Shahari Rozgar Yojana etc are
also under implementation to provide livelihood support to the poor.
(e) & (f) The Asian Development Bank in its Special Note of July 2010 entitled
`Developing Asia`s Recovery Gains Momentum`, projected a growth rate of 9.6
per cent for China and 8.2 per cent for India in 2010. It may be mentioned that
as per Economic Survey 2009-10, Indian economy can be expected to grow around
8.5 +/- 0.25 per cent in 2010-11 under a full recovery, breaching the
9 per cent mark in 2011-12.
