Financial Daily from THE HINDU group of publications
Wednesday, Feb 02, 2005
Financial Daily from THE HINDU group of publications Wednesday, Feb 02, 2005 |
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Opinion
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Letters Services sector
Possibly due to the lack of confidence to operate globally in the competitive manufacturing sector, there has been excessive focus on the services sector, giving an impression that the country has competitive capability only in that sector. However, considering the daunting level of unemployment and the need to sustain economic and industrial growth, the service sector cannot be a substitute for the manufacturing activity. It is necessary to reposition the manufacturing sector. ,With the negative view gradually developed towards small-scale units, the country is facing threat of losing the advantages that it built in developing the special expertise for setting up and operating small-scale projects. A careful study would indicate that the countries which have forged ahead globally are only those which have carefully identified their areas of strength and refrained from copying the pattern of growth of other countries. N. S. Venkataraman Letters to the editor and contributions can be sent by e-mail to: bleditor@thehindu.co.in
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