New Delhi, July 24: The central government on Wednesday set up two panels to monitor the implementation of policy issues to hasten the process of economic reforms launched more than a decade ago in the world's 12th-largest economy. A government spokesman told reporters that the cabinet approved a list of priority areas for 2003/2004 for better implementation of policy issues.

The move comes after growing criticism of the government's handling of economic reforms and that it was putting on hold key reform issues to win mass support ahead of state elections later this year and national polls in 2004.
"The prime minister will directly monitor the implementation of steps to increase the country's share in world exports from 0.67 percent to one percent," he said.
Indian exports have surged in recent months as manufacturers have rushed to meet summer orders from key markets of the United States and the European Union which take almost half of the country's annual shipments.
Analysts expect exports to grow at a steady pace over the next few months because of an unexpected revival in the global economy and Indian policymakers are seen to be keen to maintain the pace to enable the country garner a larger share of world trade. Bureau Report