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The best in India's economy is yet to come: BJP

July 18, 2003 19:44 IST

Backing the government's economic policies entirely, the Bharatiya Janata Party on Friday gave it the green signal to 'persevere with reforms' and asked it to provide a level-playing field to the domestic industry.

In an effort to woo the farmers and urban voters ahead of the coming assembly elections, the economic resolution adopted at the party's national executive meeting also demanded that states be given substantial incentives for completing irrigation works, for instituting reforms in the power sector and improving their fiscal position.

"The government's reform policies like divestment that aim at unleashing the productive potential docked in our enterprises have been vindicated and are being adopted by state after state including those being ruled by parties that have stridently opposed those policies at the Centre," the resolution said.

"Our industry must have a level playing field in terms of freedom from regulation, cost of capital and cost of utility. The Government must pursue accelerated development of infrastructure," said the draft economic resolution.

The decision to bring in an economic resolution instead of a political resolution reflects the BJP's emphasis on reaching out to the business and agricultural sector ahead of the polls, party sources said.

Emphasising on the importance of the growth of agricultural sector, the resolution demanded that farmer be provided adequate security against uncertainties and remunerative price to his produce.

"The government must continue to champion the cause of India's farmers by crusading against subsidies being provided by developing countries," said the resolution drafted by Union ministers Arun Shourie and Arun Jaitley.

Attributing the impetus received by the economy to 'stability' in polity, governance and policy provided by the leadership of Prime Minister Atal Bihari Vajpayee, the resolution said the best in India's economy is yet to come.

"While 'service (sector) in India' is today a global leader, 'made in India' needs a boost. It has to beat our competitor," it said.

The party also stressed the need to create an enabling and facilitating environment in the country to make India a hub of educational activity.

Defending the divestment process, which had come under the critical review of even Sangh Parivar units like Bharatiya Mazdoor Sangh and the Swadeshi Jagran Manch, the party said the production in the disinvested units has increased very substantially and wages and allowances there gone up by 20 per cent to 30 per cent.

"That the maximum possible value has been earned for the  government in the process is evident from the fact that in the sale of Maruti shares, the government has secured 18 times the value that the Congress government secured when it sold shares and transferred control of the same company to the same Suzuki Motor Company," the resolution said.


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