Prime Minister Manmohan Singh on Wednesday said India’s development story was “a work in progress” and that “there is a lot of distance that is still to be covered.” He was speaking at his farewell speech at the Planning Commission, with which he has been associated for the past three decades.
“The external world is changing rapidly. The structure of the economy and the role of the state in the economy are also changing. With an increasingly open and liberalised economy with a greater reliance on market mechanisms, we need to reflect on what needs to be the role of the Planning Commission in this new world,” Dr. Singh said, asking the panel’s members to reorient themselves to remain relevant.
Recalling his association with the Commission as its Chairman for a decade, he aid: “What the Planning Commission has achieved over the last decade gives me confidence that it can address these challenges and questions. I am sure it will subject itself to a critical review and will continue to play a leading role.”