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This refers to the editorial “Worrisome data” (Business Line, October 4).

One feels India must focus on certain key areas to achieve and sustain a favourable balance of payments. Framing a comprehensive agricultural policy (being an agricultural country) to produce marketable surplus for both domestic consumption and exports could be a start.

Sprucing up tourist spots (of course, maintaining law and order) across the country to attract foreigners and thereby enhancing earnings from invisible exports, harnessing human and material resources to the optimum, and adopting sound import-substitution measures (in both technology and goods in the manufacturing sector) can also help achieve favourable balance of payments.

S. Ramakrishnasayee Ranipet

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