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Budget focuses on pushing farm growth to 4%: PC
By agencies
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Thursday, 02 March 2006, 20:30 IST
NEW DELHI: Finance Minister P Chidambaram today said the union budget aims at pushing farm growth to four percent without which a high 10 percent economic growth would not be possible.
"We talk of 10 percent growth rate. Unless agriculture grows at 4 percent, whatever combination and permutation we may try, we can not attain 10 percent growth," he told businessmen in his customary post-budget meeting.
The budget has gone an extra-mile to provide a helping hand to agriculture by dealing with crucial issues of credit and infrastructure to push farm growth to four percent generating additional rural demand for industry and services," he said.
Setting a target of 12 percent growth for the manufacturing sector, Chidambaram has invited trade and industry for a meeting on 1May to remove fiscal obstacles that came in the way of the target.