Sitesh

Sitesh
Sitesh Mishra

Friday, June 29, 2012

Economic growth!!  Are we doing enough!

India is "Potentially capable" to grow and out-pace some of the other developing  economy....
This statement is quite often made by international economist and investors & heard by our economist and policy makers. Still we are not making effort to achieve this.  Gowth in India will be inorganic if we focus on manufacturing industries since we have huge consumption appetite.  Public and Private sectors need to make investment on manufacturing, packaging and logistics skills.  This will pay us for next 40 yrs.  Whatever measures taken in last decade of 20th century has paid to us in last two decades.  Now we need to step up and look for the new measures.  Open the market with conditions of local manufacturing, give partial tax rebate on manufacturing, build the skills in taxtile, heavy goods, automotive, food processing, refineries and organised farming area.  This is the need of this hour!!!

Invest on education side at least 4% of GDP and build the nation.  There is huge number of youth moving from country side to city and they need to be benifited. 

We need a begining and let it be TODAY and let it be NOW!

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