"The campaign will be successful only if there is effective co-ordination between the Centre and state governments," she said delivering a speech on 'Commerce policy for the future of India' at a programme organised by the Mangaluru Initiative for Nationalist Dialogue (MIND) at Sangha Niketan here last evening.

She said that state governments and the corporate sector were important stake holders in improving the country's growth rate.

The revamp of the Planning Commission and formation of 'NITI Ayog' was being criticised without studying facts, she added.

"With the new set of changes, the state governments no longer need to have a begging attitude and instead take independent steps for development," she said.

Sitharaman said the Centre would take more effective steps to end the 'licence raj.' The government would encourage small and medium enterprises and boost productivity in agriculture sector, she said.

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