Golden Jubilee of the Institute of Economic Growth inaugurated
17 Dec '07
3 min read
Dr. Manmohan Singh (Prime Minister)
The Prime Minister, Dr. Manmohan Singh, has inaugurated the Golden Jubilee of the Institute of Economic Growth here. Addressing on the occasion the Prime Minister expressed concerned about imbalances persist in our growth process, he said that the rural-urban divide and inter-regional divide are the areas of concern.
While the performance of Indian economy has certainly improved in recent years. The Prime Minister said that the government has initiated several policies aimed at bridging the rural-urban divide but the task is Himalayan and there is much that State governments will have to do in this regard.
The Prime Minister lauded the role of the Institute of Economic Growth, which has emerged as an important link between the ivory towers of the academic world and the real world of policy making and the institute has an impressive record of research in demography, agriculture, environment, industrial development, technology policy and project evaluation.
Dr. Manmohan Singh also said that we need massive investments in social and economic infrastructure and need policies that will make public investment more productive and encourage private investment.
We must pay more systematic attention to issues related to energy security. We need a strategy for “agriculture and industry”, for “rural and urban”, for “town and country” to use the language of Classical Political Economy, the Prime Minister added.
On the occasion, the Prime Minister also released two books “IEG at Fifty : Recollections, Retrospect and Prospect” and “Growth, Equity, Environment and Population”. Chairman of the PM's Economic Advisory Council Prof. C. Rangrajan, Chairman Indian Council of Social Science Research Prof. Andre Beteille and Chairman, Board of Governors, Institute of Economic Growth Dr. C.G. Hanumantha Rao were also present on the occasion.
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