FDI inflows up by 117 % in April-Nov: Partnership Summit 2007

19 Jan '07

3 min read

This had been achieved through a process of calibrated liberalization in terms of import duties and opening up of activities and sectors to FDI. He listed automobiles and auto components, pharmaceuticals and health care, biotechnology and food processing, besides telecommunications as the sectors with the highest potential for investment.

Amongst the issues which remained to be addressed were on making the growth process more inclusive and less urban-centric. Creating more job opportunities especially in the rapidly growing manufacturing sector; removing bottlenecks to growth arising out of physical infrastructural constraints; spending more on creation of social infrastructure of primary education, healthcare and rural connectivity and hastening the pace of agricultural growth are likely to receive higher attention in the next few years.

Dr. Dua also pointed out that if India is to maintain its comparative advantage in manpower in the years to come, much greater effort would need to be expended on the development of skills.

Press Information Bureau

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