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Focus on sustaining 9% growth: Hinduja

business Updated: May 18, 2009 20:37 IST

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Outlining the agenda for the new UPA-led government, noted NRI entrepreneur Srichand P Hinduja has suggested a series of measures, including short and long-term, to provide investment opportunities of at least $1 trillion to sustain an economic growth of minimum 9 per cent despite the global slowdown.

“The people of India have overwhelmingly recognised the sincerity and hard work of the Congress Party led by Sonia Gandhi and Prime Minister Manmohan Singh’s government in meeting the daily needs of the ‘aam-aadmi’,” SP Hinduja and GP Hinduja, chairman and president, respectively, of the Hinduja Group, said in a statement here.

In an article in Forbes, published ahead of the Lok Sabha elections, SP Hinduja made some suggestions for the new Indian government.“A renewed focus on infrastructure — which would provide investment opportunities of at least $1 trillion — will lead to more business opportunities in India for the developed world and sustain an economic growth of at least 9 per cent per annum,” he said.

He also said that financial resources can be directed to smaller projects such as feeder roads, in addition to major highways, modest and alternative energy projects, development of water resources, and an expansion of educational and health facilities.

Hinduja also said, “All political parties have been campaigning to bring back the billions of dollars of Indian money siphoned away to Swiss banks. After the election, the new government should implement policies through which the unaccountable economy is reviewed and regularised.”