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CII President reacts to Economic Survey

CII President reacts to Economic Survey
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First Published: Tue, Feb 27 2007. 06 32 PM IST
Updated: Tue, Feb 27 2007. 06 32 PM IST
By SM
Seshasayee said attention must be given on moving towards market reforms for poverty alleviation and elimination of unemployment.
“It can be seen that in the last few years wherever the private enterprises have been given space, like services and manufacturing, they have delivered digit results,” Seshasayee said.On the other hand, in areas like mining and quarrying; electricity and water supply growth rates were lagging behind, he added.
“The survey recognises these issues very well and leads to solutions, which the country will endorse and move towards the market economy,” he said.It gave a clear report on areas, which are doing well and issues that need to be addressed, Seshasayee added.
Indo-American Chamber of Commerce President Deepak Pahwa said immediate steps should be taken, including higher budgetary allocation for education, health to ensure that the fruits of reforms permeate to the grassroots and common man is brought to mainstream.
Expressing concern over rising prices, particularly of primary goods that hit the common man, he said a multi-pronged approach should be adopted to check inflation.
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First Published: Tue, Feb 27 2007. 06 32 PM IST