Govt should tackle problem of supply side constraints not only for shorter period but for a longer period with strategic plans-PHD Chamber

PM's remarks on India's state of the economy inspiring

Hon'ble Prime Minister Manmohan Singh's remarks on the state of the economy describe India a promising long term growth story. Despite various national and international vulnerabilities, the growth rate achieved during the last 9 years is encouraging said Mr. Sharad Jaipuria, President, PHD Chamber of Commerce and Industry.

We believe the focus of the government will remain intact to revive the economic growth on high road once again, going forward, said Mr. Jaipuria.

Prime Minster's focus on generating employment in the manufacturing sector and highlighting importance of small and medium enterprises which can be a major source of good quality employment is very heartening; as to exploit the full job potential, emphasis must be laid on manufacturing and hence there is an utmost need to enhance the skill development activity at a much faster pace, added Mr. Jaipuria.

Efficiency and competitiveness of the MSMEs enterprises through continuous technology innovation, quality improvement, easy access to finance, diversification into new markets, better infrastructural facilities and skill up gradation must be addressed, said Mr. Jaipuria.

Further highlighting the growing concerns over inflation and corruption is noteworthy as they demand the urgent attention which will help our economy to revive growth in the coming times.

We believe government should tackle problem of supply side constraints not only for shorter period but for a longer period with strategic plans considering that India is a domestic consumption driven; supply constrained; a long term growth story; said Mr. Sharad Jaipuria.

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