India – Need 8% growth for creating jobs says PM

Addressing the Combined Commanders’ Conference in New Delhi on Friday, Singh said: “We need an aggregate growth rate of 8 per cent per annum to create new job opportunities for more than 10 million persons who are going to enter our labour force each year.”

“This is not going to be an easy task, given the international economic environment. However, it is not unattainable if we make determined efforts to increase our investment rate to 37-38 per cent as was the case three years ago,” he said.

“We also have to create an environment conducive for increased investment and savings rates, paying particular attention to investment in infrastructure sectors.” ..

Need 8% growth for creating jobs: PM
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