Shri Kamal Nath, Union Minister of Commerce and Industry, has underlined the need to empower the poor of India by providing basic necessities such as shelter, education, health and jobs. “We have made a start.
The 2007 Budget has provided a 31% rise in rural infrastructure expenditure and broadened the availability of farm credit.
But we have still miles to go”, the Minister said while addressing the Special Plenary Session of Partnership Summit titled “Accelerating Inclusive & Sustainable Growth, Integrating with the Globe”.
He further stated that the time has come to make our reform process interactive and collaborative to include all parts of society, including business, politics and civil society.
Mr. Ferenc Gyurcsany, Prime Minister of Hungary; Shri Bhupinder Singh Hooda, Chief Minister of Haryana; and Shri Sunil Bharti Mittal, President, Confederation of Indian Industry (CII) besides representatives from various countries such as Sri Lanka, Singapore, UK, Ethiopia, Australia, Syria, South Africa, Japan, UAE, El Salvador and Ontario participated and spoke on the occasion.
Shri Kamal Nath said: “our Prime Minister has repeatedly reminded the private sector of the need for inclusive growth across the country.
I would like to add to this. By partnering us in the development process, you will be unlocking a market that has been estimated at over $ 170 billion by international agencies.
You should capitalizeon this opportunity to provide productive and constructive direction to the reform process”. While quoting the recent McKinsey study, the Minister observed that people in rural India have a per capita income, which is almost 30% lower than the national average.
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