New Delhi : Prime Minister Manmohan Singh said inflation remained unexpectedly high and adequate jobs were not created in the manufacturing sector during his decade long tenure.
“I am concerned that we have not been as successful as we need to be in generating employment in the manufacturing sector. This is an aspect of performance which we are working hard to correct,” he told the media.
“We need a much stronger effort in support of small and medium enterprises which can be a major source of good quality employment,” he said.
Manmohan Singh said the second biggest concern on the economic front was inflation. “This is primarily because food inflation has increased. However, we should remember that our inclusive policies have put more money in the hands of the weaker sections.
While wholesale inflation rose to 7.52 per cent in November, prices based on the Consumer Price Index (CPI) jumped 11.24 per cent during the month.
“To keep food prices in control, we need to increase supplies and also improve marketing arrangements and logistics,” he added.
(To receive our E-paper on whatsapp daily, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)
