Putin considers task of doubling GDP within 10 years to be "realistic and accomplishable"

Vladimir Putin considers the task of doubling GDP within a decade to be "realistic and accomplishable," he stated at the press conference in the Kremlin on Friday.

The president assessed the results of the development of the national economy in five months of this year as "very positive".

"The results of the last year are known - the growth of the economy was 4.3 per cent, and reached 7.1 per cent over five months of the current year. It is a very good indicator," he said.

The head of state also recalled that industrial output had grown by more than 6 per cent over five months.

By Vladimir Putin's estimate, inflation in the country "is still high enough but is, in general, within the bounds of the planned parameters".

The president also noted that the population's real incomes increased by 14 per cent over five months, which is "not bad at all". Besides that, the investments in fixed capital increased by 11 per cent, compared to the same period of last year.

"If we develop at such rates we will reach the set parameters, attain the aims, and accomplish the tasks, which were set in the Message to the Federal Assembly," Vladimir Putin believes.