C.Ranagarajan ,chairman of Prime Minsiter Economic Advisory Council (PMEAC) has cut the growth estimation for the present financial year to 6% as compared to 6.7% predicted in the past.he alo expressed hope that growth would witness recovery during the second half with the help of good agriculture produce and some gain in induatrial activities in the key infrastructural areas. Industrial output in the april-august period this year was 0.4 percent,down from 5.6 percent in the same period in the year 2011-2012.Rangarajan said that the growth would recover on the second half on the back of good agriculture produce and some pick up activities in the key infrastructural areas.Economic growth in India should be driven by manufacturing sector,which can boost job creation according to Arun Maira,planning commision of India.Maira said that if India wants to achieve high growth levels,sustainable and inclusive development is need of the hour.Moreover a talented,skilled and motivated workforce value for not just any particular organisation,but also for a nation.
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