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Indian Budget: A Missed Opportunity Depresses Apparel Exporters
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By
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Dr. H.K. Sehgal
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The point that should have been given the deserving
consideration by the Government was: how to enable our exporters to compete in
the world market by providing them with level playing field without which
nothing can be helpful to our exporters, who are not only earning foreign
exchange, but also creating and maintain a lot of employment and contributing
to GDP.
I fail to understand as to how the Government led by an as enlightened
and acknowledged economist like Dr. Manmohan Singh failed to promote the
sectors, which bring in prosperity, employment and foreign exchange, besides
making greater contribution to GDP? Nothing can explain this except that
politics has overtaken economics.
This has led to frustration bordering depression among
garment exporters and certainly Pranab Mukherji has not proved himself to be a
Finance Minister, worthy of taking care of economy at the time of world
economic crisis, which he himself acknowledged a number of times in the course
of his Budget speech.
The
views presented are author's personal views. Here 'I' refers to him.
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