No pain no gain! Well, it seems like the statement is tailor-made for India, as Prime Minister Manmohan Singh has claimed that to attain a growth rate of 9%, tough decision would have to be taken during the next five-year plan.

Confirming the news, Mr. Singh said, “The commission has pointed out that given the uncertainties in the global economy, and the challenges in the domestic economy, even a 9 percent target is feasible only if we can take some difficult decisions”.

While chairing a meeting of the full Planning Commission, the Prime Minister said that they have set a target of 9% amid the global financial concerns. The major point highlighted by the Prime Minister was infrastructure, which according to experts can only be uplifted if private and public sector join hands together.

Apart from this, Mr. Singh pressed for agriculture sector, which needs to attain a growth of 4% in the five years as inflationary pressures could be seen at an escalated level if intrusive growth is not being addressed timely.

As far as inflation is concerned, India is topping the chart among the so-called BRICS nations. It was reported that inflation rose 9.22% in July from a year earlier and, if estimates are to be believed, it can reach the mark of 10 in August.