By IANS
New Delhi : Even as India is rapidly heading towards double-digit growth, the country suffers tremendous infrastructural bottlenecks that may hamper progress, warned Montek Singh Ahluwalia, Deputy Chairman of the Planning Commission.
"Infrastructure is a very big path for inclusiveness," Ahluwalia said at the annual meeting of the Confederation of Indian Industry (CII) Thursday here.
He also urged India Inc to create effective schemes based on public private partnership to provide foundation for the emerging small and medium sector.
Ahluwalia, one of the key reformists in Prime Minister Manmohan Singh's government, also said that it is imperative for the industry and services sector to achieve double-digit growth for the country to maintain its growth.
"Half a dozen developing countries have achieved double-digit growth in industries and we can also do it and we should do it rapidly," he said.
According to Ratan Tata, chairman, Tata Sons: " India is in a very exciting moment now. It can achieve double-digit growth but it should think big and be bold in its size."
He also said the manufacturing industry should modernise in order to be globally competitive.