02-19-2006, 01:35 PM
Yes there has been improvement in the figures in all parameters since 15th August 1947. The point I am trying to convey is that the distribution of the fruits of our nationâs development needs to be distributed more equitably. The rural economy and infrastructure in certain parts of the country still needs the attention .We are moving in the right direction but some of the programes need more fine tuning. Secondly, political instability in some of the States and the associated high level of corruption are major limitations in the effective implementation of a number of projects.
If we can attract more private investment in the food processing industry, perhaps it may generate more employment in the rural sector.
Incidentally, while India is trying to attract foreign direct investment for its economic growth, it is at the same time going out to make investments abroad. I just came across some interesting data in the IHT which may be of interest to other members of the forum.
Quote
(1)Year (2)Deal Value(in million $)(3)No of Foreign acquisitions by Indian Companies (4)Average deal size
(1) (2) (3) (4)
2005 3,696 134 27.6
2004 1,532 51 30
2003 852 50 17
2002 1,005 29 34.7
2001 384 32 12
Unquote
If we can attract more private investment in the food processing industry, perhaps it may generate more employment in the rural sector.
Incidentally, while India is trying to attract foreign direct investment for its economic growth, it is at the same time going out to make investments abroad. I just came across some interesting data in the IHT which may be of interest to other members of the forum.
Quote
(1)Year (2)Deal Value(in million $)(3)No of Foreign acquisitions by Indian Companies (4)Average deal size
(1) (2) (3) (4)
2005 3,696 134 27.6
2004 1,532 51 30
2003 852 50 17
2002 1,005 29 34.7
2001 384 32 12
Unquote