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“India may miss some MDG targets”

Special Correspondent

NEW DELHI: Finance Minister P. Chidambaram on Sunday declared that India might fail to achieve some of the Millennium Development Goals set by the United Nations but it was in the world’s interest that the country achieved these objectives.

In his luncheon address at the India Economic Summit here, he said: “We have fallen behind in some of the Millennium Development Goals. ... While it is possible to meet some of the goals, some others may take another three to four years.”

Mr. Chidambaram argued that it was in the world’s interest that India and China, the two most populous nations with nearly one-third of the global population, met these targets. As for the increasing clout of developing countries such as India and China, he said it was too early to reach a conclusion that power had shifted from the developed to the developing nations.

Over the next 10-20 years, India’s strength would come from providing quality goods and services at a lower cost to the rest of the world, he said.

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