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The article “Budget: The missing long-term investment” (Business Line, March 14) has expressed concern over the fall in investment expenditure in recent years.

India lacks adequate infrastructure and it is imperative that the government not only incurs sizable capital expenditure but also ensures that the capital projects (dams, roads, etc) are completed on time.

Employment opportunities can be created on a massive scale only if we start producing capital goods which, in turn, would enhance the income and demand of the people.

S. Ramakrishnasayee Ranipet

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