Opinion | The problem of low investment in MSMEs and what we can do4 min read 01 Aug 2019, 08:07 PM IST
The low rate of greenfield investment could reflect poor demand for credit and supply-side problems among NBFCs
The Economic Survey (ES) in three volumes this year covers a large range of structural reform issues. Some of the chapters quite understandably are self-congratulatory in terms of past achievements. The Swachh Bharat scheme, for instance, has led to visible improvement in urban areas, but surveys show that decline in open defecation in villages has been vastly overstated. Getting people to use an indoor toilet in place of open defecation is not quite a matter of nudge. People can live in close proximity to a toilet only where water is available. Where water is scarce, community dry toilets are the only solution, at some remove from dwellings and spaced out over the habitation.
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