Fiscal Prudence, Path of Growth & Development

• Maintain the path of high growth with fiscal prudence and low inflation. Rapid economic growth creates opportunities for increased government expenditure in vital areas like education, health, agriculture, social security and infrastructure.
  
• Strive to maintain the momentum with a relentless emphasis on growth that accelerates the generation of productive jobs for our youth. Be committed to maintaining high growth with low inflation, particularly in relation to prices of essential agricultural and industrial commodities.
  
• Path of fiscal responsibility be maintained so that the ability of the Centre to invest in essential social and physical infrastructure is continuously enhanced. Which will require that all subsidies reach only the truly needy and poor sections of our society.
  
• Both the public sector and private sector are essential for India’s continued high growth success story.. Public sector enterprises in the manufacturing sector (like energy, transport and telecom) and in the financial sector (like banks and insurance companies) should diversify with private sector and be given all support to grow and become competitive.
  
• The manufacturing industry in India has seen a revival in recent years and this will be sustained and deepened, particularly labour-intensive manufacturing. The emphasis in all foreign investment policies be maximization of local value-addition and export potential.
  
• Ensuring the highest standards of corporate governance in private companies, especially to protect the interests of small shareholders and small investors. Regulations be made to ensure good corporate governance, ethical business practices and accountability to all stakeholders, with entrpreneurship & competion.