When will we bridge them?
Francis Bacon said, “Things alter for worse spontaneously, if they be not altered for better.” India is a country where Atomic Age and near Stone Age co-exist in combination. However, India’s tangible developments are mostly in big cities. Since two-third of our population resides in villages, the development of countryside is linchpin to stall lop sided growth and urban-rural divide. The Left Front, by flexing its muscle on ruling UPA Government, has enhanced fund allocation for rural sector considerably.
The funds for Rural Development Programmes has been enhanced to Rs.77,474 crores in the 10th Plan as against Rs.42,874 crores in the Ninth Plan. Budgetary outlay has also increased from Rs.31,444 crores in 2006-07 to Rs.36,560 crores in 2007-08. Further, there are various development plans under Bharat Nirman, which includes rural housing, rural roads and rural drinking water. India is one of the most corrupt nations in the world, which puts a question mark over the proper implementation and appropriation of funds. Investment must also be made in social sector, which will not only bolster our democracy but will also create purchasing power among masses.
Francis Bacon said, “Things alter for worse spontaneously, if they be not altered for better.” India is a country where Atomic Age and near Stone Age co-exist in combination. However, India’s tangible developments are mostly in big cities. Since two-third of our population resides in villages, the development of countryside is linchpin to stall lop sided growth and urban-rural divide. The Left Front, by flexing its muscle on ruling UPA Government, has enhanced fund allocation for rural sector considerably.
The funds for Rural Development Programmes has been enhanced to Rs.77,474 crores in the 10th Plan as against Rs.42,874 crores in the Ninth Plan. Budgetary outlay has also increased from Rs.31,444 crores in 2006-07 to Rs.36,560 crores in 2007-08. Further, there are various development plans under Bharat Nirman, which includes rural housing, rural roads and rural drinking water. India is one of the most corrupt nations in the world, which puts a question mark over the proper implementation and appropriation of funds. Investment must also be made in social sector, which will not only bolster our democracy but will also create purchasing power among masses.
Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).
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