Financial Daily from THE HINDU group of publications
Monday, May 08, 2006
Financial Daily from THE HINDU group of publications Monday, May 08, 2006 |
|
|
|
|
|
|
|
Opinion
-
Letters Development and India
This is with reference to "India will be developed nation in less than 14 yrs," (Business Line, May 5): The article refers to a statement by the Finance Minister that India would be developed nation in less than 14 years. What is the measure of a nation's development — a high GDP growth rate, attractiveness as an investment destination, or the economic condition of the majority of sits people? If one were to go by the last criterion, I doubt if India will ever join the league of developed nations. In a nation of India's population, how does it ever matter if more than 200 million people earn incomes more than Rs 6.75 lakh per annum in 2025. The fruits of economic development should be uniformly distributed among all the sections of the society. Only then will economic development make real sense. While it is true that certain needy sections of the population have benefited from the economic growth, it has not made any significant difference for vast sections of the population. GDPgrowth rate, rising investments, booming stock market and huge foreign exchange reserves do not automatically translate to improved standards of living for the Indian public. Let the government objectively work to make the economic benefits flow to all the sections of the society. Raghuram
Letters to the editor and contributions can be sent by e-mail to: bleditor@thehindu.co.in
More Stories on : Letters | Letters
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2006, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|