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Rediff.com  » Business » 7 crore new jobs in India in 5 years

7 crore new jobs in India in 5 years

Source: PTI
October 18, 2006 17:19 IST
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The Planning Commission on Wednesday envisaged creating seven crore new jobs in the next five years and doubling per capita income in 10 years -- a feat that would greatly reduce poverty and result in inclusive growth.

These achievements would make growth process more inclusive, but require the economy to grow at 10 per cent by the end of 11th Five-Year Plan.

"The economy has many important strengths that are reflected in the acceleration of growth witnessed in the past few years. But our growth has not been sufficiently inclusive and failures in this area are significant," says the draft of the Approach Paper to the 11th Five-Year Plan.

"Therefore, our targets have to be redefined and policies restructured to ensure that growth in the future is more inclusive," it said.

To reduce the number of people living in poverty, the Commission has suggested doubling the per capita income in the next ten years, which would require achieving 10 per cent economic growth by the end of the 11th plan and sustaining it through the 12th Plan.

India's GDP is presently $785 billion.

If these targets are achieved, the Planning Commission said it would result in reducing the number of people living in poverty by 10 percentage points by the end of 11th Plan.

With a special emphasis on the social sector development, the commission has said that a central part of the vision of the 11th Plan must be to extend access to essential public services such as health, education, clean drinking water, sanitation among others, which are currently denied to large parts of our population, especially in rural areas.

The Commission categorically admitted that the failure on this count (lack of access of services in rural areas) was a major reason for low levels of satisfaction and also exclusion from the benefits of growth.

Besides providing quality education, the Commission has emphasised on how to reduce the drop out rate from as high as 52 per cent in 2003-04 to about 20 per cent.

The literacy rate must be increased to 80 per cent and the gender gap in literacy brought down to 10 percentage points. We must eliminate every compulsion that forces a child to work so that every child can go to school," says the paper.

It also targeted reducing poverty ratio by 5 percentage points by 2007 and 15 percentage points by 2012, besides reduction in the decadal rate of population growth between 2001-11 by 16.2 per cent.

Reduction of infant mortality rate to 45 per 1,000 live births by 2007 and to 28 per 1000 by 2012 was also another target set by the commission.

Other targets are reducing maternal mortality rate ratio to two per 1,000 live births by 2007 and to one by 2012 and providing access to potable water to villages within the Plan period.
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