The efficient and effective implementation of
GST coupled with faster and precise corporatization of electricity DISCOMS on
lines of CONCOR and similar pro-active reformative measures undertaken in
India’s agri sector could lead India to a growth trajectory of over 8% in near
future, according to India Country Director, South Asia, World Bank, Mr. Junaid
Kamal Ahmad.
Addressing members of PHD Chamber of Commerce
and Industry here today, Mr. Ahmad also said that the internal integration of
Indian economy would be so efficient and effective that it would stoke India’s
growth provided its implementation with sufficient investments on logistics is
carried out with firm commitment, led by the State machinery with private
participation of the industry.
Secondly, the way India has been advancing on
its renewable commitments, the day is not too far when this sector would also
contribute significantly to accelerate India’s growth provided DISCOMS and
other similar services are coporatized to improve India’s domestic deliveries
at least on lines of CONCOR, he felt.
Mr. Ahmad also prescribed that agriculture in
India is a stress sector and the best remedy to fructify economic gains from
this would be to ensure a shift in current crop sowing patterns from traditional
ones to cash crops that can be cultivated with disruptive technologies and
using irrigation technology.
India would have to ensure that it gradually
transforms its agriculture sector from water guzzling crops as water is one
sector which has already become stressed in the developing world such as India,
Bangladesh and Nepal as these countries would have to find out ways and means
to regulate their ground water consumptions.
The Meeting was presided over by the
President of the Chamber, Mr. Gopal Jiwarajka in which its Sr. Vice President,
Mr. Anil Khaitan was also present with Director, Mr. Debjit Talapatra.
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