• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

With reference to the article “India’s monetary policy appropriate” (Business Line, October 17), it is heartening to note the comment by the IMF Managing Director, Mr Rodrigo de Rato, that India’s monetary policy is ‘impressive’.

But at the same time, it has been pointed out that there is an imperative need for the country to bridge major gaps in infrastructure (power, transportation, and so on) and address the labour shortages in the skilled sector. For achieving reasonable economic progress, which, of course, is defined as “consistent increase in the production of goods and services over a long period of time”, development of infrastructure and human resources in the country must keep pace with the real need.

Especially, the problem of longer gestation periods of certain projects such as roads needs to be addressed seriously as it affects the transportation of commodities and, thereby, economic development considerably.

S. Ramakrishnasayee, Ranipet

More Stories on : Letters | Economy

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Municipal financing: Where are the issuers?

Copyright © 2007, 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