NEW DELHI(PTI): The Centre is focussed on securing sustainable growth in eastern India and productive capacity in the region can be raised by boosting connectivity, social security schemes, agriculture and Make in India drive, Union Minister of State for Finance Jayant Sinha has said.
“The Centre has laid emphasis on sustainable growth of eastern India. Productive capacity in the country as a whole and eastern region in particular needs to be raised for economic growth,” Sinha said at a function organised by a TV channel here.
Stating that both hard and soft assets are important for productive capacity in eastern India, Sinha said hard assets include roads, bridges, highways, ports and educational infrastructures.
Soft assets include skills and employability of young people, innovation and entrepreneurship, the Minister said.
By building productive capacity in the country, mainly in eastern region, there would be greater ability for sustained growth over a long period of time which is extremely important, he added.
He further said that it is necessary for states in eastern India to log growth of at least 8-10% for decades to develop full potential of the region.
Though eastern India is rich in resources, talents and potential, its people are poor, Sinha lamented and said unless businesses, trade and commerce flourish, no resources will be able to come up with good pro-poor policies and allocate enough funds to pull the poor out of their condition.
The NDA government believes in minimum government and maximum governance and the principle of cooperative federalism to develop policies between the Centre and states. Unless the states grow and the eastern India grows, the country as a whole cannot progress, he said.