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Wish list for the new Government by Mr. K.M.Birla
Vishnu Mohan | 02 Jun 2014

For the new Government, Mr. Kumar Mangalam Birla, Chairman, Aditya Birla Group (third largest business conglomerate of business worth more than 40 $ billion) has the sighted the following areas for specific attention.


For the new Government, Mr. Kumar Mangalam Birla, Chairman, Aditya Birla Group (third largest business conglomerate of business worth more than 40 $ billion) has the sighted the following areas for specific attention. 

-          More job creation opportunities

-          Price stability

-          Sustainable livelihoods

-          Fiscal Prudence

-          Manufacturing Resurgence

 Some chief highlights of the wish list from this business house are given below:

-          The new Government can plan to categorize its priorities into two sections – one short term and the other medium term.  For short term, this can be translated into a 100 day programme and the latter could spell out a five year strategic vision and action plan.  All priorities should be governed by the principles of innovation, efficiency, inclusiveness and sustainability.

-          Thrust on innovation is vital as it is the very basis of all growth and development. Efficiency implies frugality in the use of resources, minimization of costs and optimality in assigning resources to requirements.

-          Inclusiveness signifies aiming for the benefit of the maximum number of people.  It also means according special attention to those who are underprivileged in the society.

-          Sustainability requires that India's development path is such that it does not deplete resources to the extent that future generations become vulnerable.  It means consciously choosing a growth plan that is less energy-intensive, and more of conservation oriented.

-          There is a need to quickly move back to a higher growth rate, contain inflationary forces, upscale infrastructure and focus on massive job creation.  All this is to be achieved in a democratic framework and within the limits of fiscal sustainability.

-          Any economy of a billion plus people would obviously face a multitude of challenges.  In the case of India, the following five broad areas need greater focus and priority from the new Government – (a) Food and agriculture (b) Manufacturing and skill building (c) Fiscal consolidation (d) Financial Deepening and (e) sustainable growth

Mr. K.M.Birla has also extended his best wishes to the new government for great success in steering India's development journey.