Date:21/12/2004 URL: http://www.thehindubusinessline.com/2004/12/21/stories/2004122100070800.htm

Back Improving growth

The editorial "Stress is showing" (Business Line, December 15) has rightly pointed out that without taking cover under the usual excuses of fiscal and revenue stress, the Government will have to act to improve growth possibilities.

On programmes such as the food-for-work scheme, the Government will have to think twice about implementing such subsidies successfully without leakage.

Investment in infrastructure development is a priority. The necessity for amending farm laws has been highlighted. Corporate penetration in the farm sector could help.

If FII investment is buoyant, why cannot FDI flow in? The Government should act fast to remove the procedural hurdles, reform tax laws and prepare a favourable environment for investment with suitable projects and facilities.

A. Jacob Sahayam

Thiruvananthapuram

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