Financial Daily from THE HINDU group of publications
Wednesday, Dec 28, 2005
Financial Daily from THE HINDU group of publications Wednesday, Dec 28, 2005 |
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Opinion
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Letters Balanced development
The article "Indian economy: A balance-sheet" (Business Line, December 22) comes at the right time, the close of the year. The estimated growth rate of 7.5 per cent and large reserves is satisfactory as also the soaring Sensex. The article rightly stresses the need for sustainability and balanced development. As pointed out, commodity producing sectors will have to grow at a faster rate to provide large scale employment. Infrastructure has to overcome hurdles and the discrimination in interest rate should go. Why can't farmers be given loans at lower rates?
In short, the balance-sheet gives an indication that we cannot afford to be complacent; but have to look forward for a balanced development for all the sectors for employment growth and reduction of poverty. A. Jacob Sahayam Thiruvanantahpuram
Letters to the editor and contributions can be sent by e-mail to: bleditor@thehindu.co.in
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