Kerala on fast-pace growth track: Chandy
Thiruvananthapuram: Observing that Kerala has been emerging as a fast growing state in the country, Chief Minister Oommen Chandy today said still there are some vital areas like agriculture and infrastructure development that required greater attention in the coming days.
In recent years, Kerala had been able to achieve a faster growth rate than the national average. "A quarter century back the growth rate was a mere two per cent, which rose steeply to 10.06 per cent by 2005-06. In 2011-12, Kerala had been able to achieve an enviable growth rate of 9.5 per cent," he said.
The time has now come that Kerala should tap its potential in farm sector by adopting modern agricultural methods, he said in his address at the 64th Republic Day celebrations at the Central Stadium here. "A faster growing Kerala in a fast growing India is our dream... I firmly believe that financial constraints in the way of achieving this goal could be overcome by determination," Chandy said.
The Chief Minister unfurled the national flag and inspected an impressive parade of contingents of defence forces, police, paramilitary forces, NCC, scouts and guides.
RBI Chief Raghuram Rajan stated that more economic data is needed to be confident that economic growth is picking up, although he added that the benefits to exports from the Rupee's fall is yet to kick in.
Date 23 hrs ago, Duration 2:19, Views 31