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Kiran projects 9.5 p.c. growth rate for State

Special Correspondent

Chief Minister outlines economic profile of the State at Bangalore conference


Increased Central relief sought for victims of natural calamities such as ryots and fishermen

State to take up welfare and development as “twin agenda” for the 12th Plan




Bonding for best:Chief Minister N. Kiran Kumar Reddy with his Karnataka counterpart B. S. Yeddyurappa at the meeting of Chief Ministers of Southern States in Bangalore on Friday.

HYDERABAD: Chief Minister N. Kiran Kumar Reddy has projected an ambitious 9 to 9.5 per cent growth rate for the State's economy during 12th Plan (2012-13 to 2016-17) based on what he called an impressive performance in agriculture, manufacturing and services sectors in the current plan.

Agriculture, which looked gloomy once, posted a 6.5 per cent growth, promising to take the State's annual foodgrain production to 300 lakh tonnes by 2016-17.

Outlining Andhra Pradesh's economic profile at a meeting of Chief Ministers of southern States on approach paper to be adopted for 12th Plan at Bangalore on Friday, Mr. Reddy said it would not be tough task for the State to achieve the high target, as it could show a 7.93 per cent growth under the 11th Plan so far.

He attributed the achievement to the strict implementation of the Financial Responsibility & Budgetary Management (FRBM) Act by the State under which revenue deficit was phased out and resources mobilised efficiently. Andhra Pradesh was blessed with a competitive edge in several sectors.

The State would adopt the strategy for a “faster, more inclusive and sustainable growth” for the 12th Plan, with emphasis on transparency, efficiency and effectiveness in governance, he declared.

He made a fervent plea for increased Central relief for victims of natural calamities such as farmers, weavers, and fishermen, considering hike in costs.

Otherwise, implementation of FRBM would be difficult. Calamities placed a Rs. 20,000-crore cumulative burden on the ex-chequer, subjecting the economy to severe jolts.

Jalayagnam

Citing Jalayagnam, he wanted the Central share under Accelerated Irrigation Benefit Programme (AIBP) to be increased from 25-50 to 75 per cent to complete 35 prioritised projects (cost of Rs. 12,396 crore), and Polavaram and Pranahita-Chevella to be implemented as national projects. The formula fixing MSP for agriculture produce, particularly paddy, must be revised indexed to inputs cost. He pleaded for linking up National Rural Employment Guarantee Scheme with agricultural activities.

Higher allocation

Mr. Reddy said the State would take up welfare and development up as “twin agenda” for the 12th Plan and sought higher allocations for weaker sections students to supplement scholarships and free reimbursements allowed to them.

He indicated that a regulatory authority might be established to ensure proper utilisation of available water for irrigation.

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