Submit :
News                      Photos                     Just In                     Debate Topic                     Latest News                    Articles                    Local News                    Blog Posts                     Pictures                    Reviews                    Recipes                    
  
Inflation needs to be controlled while attracting big investments
This wishful thinking is more than welcome because such investments would ensure sustained growth for changing the look of the nation for the better in so many ways. However, policy makers should also ensure that while attracting such investments for carrying out the above projects, utmost care is taken to ensure that inflation is kept under control under all circumstances.

THE FACE of India can change once the proposed one trillion dollar plan for new infrastructural projects is accomplished successfully, based on the planned development as envisaged by the Indian Prime Minister recently.

Prime Minister of India, Dr. Manmohan Singh recently announced that national economy, to return to the 9% growth rate, would necessitate one trillion dollar investment for five years of construction. The Government would require involvement of private investors through public private partnerships (PPP) as well as foreign investors for making this successful. The projects under this investment would include the following

- 5 Railway projects

- 42 shipping ministry projects

- Work for 9,500 kilometers (5,903 miles of road and maintenance of 4,360 kilometers (2,709 miles) of road

- 2 airline hubs at Delhi and Chennai

- 3 new airports

- 18,000 MW capacity to power sector

- Dispatch of 470 million tons (MT) of coal

This wishful thinking is more than welcome because such investments would ensure sustained growth for changing the look of the nation for the better in so many ways. However, policy makers should also ensure that while attracting such investments for carrying out the above projects, utmost care is taken to ensure that inflation is kept under control under all circumstances. Because, runaway inflation puts the common man to lots of inconvenience and those who are below the poverty line or just above the poverty line would be the hardest hit.

Based on past experience, whenever, big money flows into the country, inflation gets out of control and to that extent inclusive growth gets hampered. For achieving successful inclusive growth all round,  policy makers need to fine tune their skills to make doable policies which would ensure that while attracting big money flow into the country for different projects, inflation is managed in such a manner that it should be least affected and well within the manageable levels.

Otherwise what happens is big money flowing into the country doesn't get disbursed properly across different sections of the society and gets concentrated into fewer groups of people because inflation keeps going higher and higher. Therefore, serious thought should also be given to keep the inflation under check and control while framing policies for attracting big investments in different sectors of the country.  Such a move would more or less guarantee nice growth of the country in all spheres for achieving inclusive growth successfully.

COMMENTS (0)
Guest
Name
Email Id
Verification Code
Email me on reply to my comment
Email me when other CJs comment on this article
}
Sign in to set your preference
Advertisement

Interesting content

merinews for RTI activists
In This Article
manmohan singh
(2056 Articles)

Create email alerts

Total subscribers: 208392
Advertisement
Not finding what you are looking for? Search here.