E-Paper
Budget must target high GDP growth
It's time to act to achieve 10 per cent GDP growth to meet huge challenges of employment and poverty, strongly and forcefully.
It's time to act to achieve 10 per cent GDP growth to meet huge challenges of employment and poverty, strongly and forcefully. Ten per cent growth, year on year, is achievable because of the massive untapped potential of the Indian economy. This growth will resolve the issue of jobs.
There are three key areas of "attack" by the Union Budget to achieve this.
First, the manufacturing sector is becoming competitive in spite of indirect tax anomalies, high excise duties, customs duty distortions and lack of scale and size.
The Budget must free the manufacturing sector to achieve its potential of becoming, in the first phase, the "second factory to the world" after China.
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