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Indian Budget: A Missed Opportunity Depresses Apparel Exporters
By :   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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Published On Tuesday, July 07, 2009
 
 
 

 
 
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