Interviews
Uncontrollable inflation concerns the country
29 Apr '08
3 min read
Greater consultation is required to address the structural weaknesses that continue to plague the functioning of the financial system in developed markets.
He said that India's voice should be heard globally in matters ranging from the management of the world food economy and the energy economy to issues such as climate change and the global financial system.
He said that he expected Indian industry to be at the forefront of efforts to promote the use of environment friendly and energy efficient technologies and processes.
The Prime Minister appreciated the role played by CII in addressing the skill shortage being faced by India. He recognized that improving the skill base of our people is the first step in building the nation.
The government, on its part, has increased several folds the funding for primary, secondary and tertiary education. He urged active participation from State governments, local governments, civil society and the private sector to translate these higher outlays into better outcomes.
Finally, he called for greater political consensus for making government more productive, creative and effective. He said that CII has played a useful role in developing some nationally accepted norms of governance that has helped the government to overcome the limitations imposed by a fractured mandate.
In his welcome address, Mr. Sunil Bharti Mittal, President, CII and Chairman and Group CEO, Bharti Enterprises, said that industry is keenly aware of the challenge of inflation.
According to him, industry will continue to build capacity irrespective of the global slowdown or the rise in commodity prices.
This is likely to have a moderating effect on inflation in the medium term. He emphasized the role the government can play by putting infrastructure development on the fast track. Mr. K V Kamath, Vice President, CII and Managing Director and CEO, ICICI Bank, echoed similar thoughts.
He said that industry will play a key role in ensuring that productivity growth remains high and India remains one of the fastest growing economies in the world. As in the past year, CII would be happy to take forward the government's agenda of inclusive growth.
He said that India's voice should be heard globally in matters ranging from the management of the world food economy and the energy economy to issues such as climate change and the global financial system.
He said that he expected Indian industry to be at the forefront of efforts to promote the use of environment friendly and energy efficient technologies and processes.
The Prime Minister appreciated the role played by CII in addressing the skill shortage being faced by India. He recognized that improving the skill base of our people is the first step in building the nation.
The government, on its part, has increased several folds the funding for primary, secondary and tertiary education. He urged active participation from State governments, local governments, civil society and the private sector to translate these higher outlays into better outcomes.
Finally, he called for greater political consensus for making government more productive, creative and effective. He said that CII has played a useful role in developing some nationally accepted norms of governance that has helped the government to overcome the limitations imposed by a fractured mandate.
In his welcome address, Mr. Sunil Bharti Mittal, President, CII and Chairman and Group CEO, Bharti Enterprises, said that industry is keenly aware of the challenge of inflation.
According to him, industry will continue to build capacity irrespective of the global slowdown or the rise in commodity prices.
This is likely to have a moderating effect on inflation in the medium term. He emphasized the role the government can play by putting infrastructure development on the fast track. Mr. K V Kamath, Vice President, CII and Managing Director and CEO, ICICI Bank, echoed similar thoughts.
He said that industry will play a key role in ensuring that productivity growth remains high and India remains one of the fastest growing economies in the world. As in the past year, CII would be happy to take forward the government's agenda of inclusive growth.
Confederation of Indian Industry
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