IIPM PUBLICATION
With these
various factors in mind, unless the government increases the Gross Budgetary Support (GBS) for education, health and employment schemes, lopsided development process across the country will inevitably, and with crying shame, continue. The GBS in the tenth Plan was around 7% of GDP. Estimates by experts within the Left front (if one, however wrongly or correctly, were to assume they are most pro equitable development) suggests that the GBS for the Eleventh Plan will have to be increased by at least another 4.75% of GDP in order to ensure a minimum increase of 1% of GDP for agriculture. Comparatively, the government has sounded off that it is most likely to increase the GBS in 11th plan by only 2.5%.
Also, the availability of quality labour force to meet the growing demands of the industry has become the newest major concern. Suddenly one is discovering that despite a huge youth force, India just does not have enough institutes of higher learning, which can churn out leaders and managers of international standards. According to Nasscom, India will face a shortage of about 500,000 skilled manpower by 2010!
For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2006
An IIPM and Malay Chaudhuri – Arindam Chaudhuri Initiative
With these
various factors in mind, unless the government increases the Gross Budgetary Support (GBS) for education, health and employment schemes, lopsided development process across the country will inevitably, and with crying shame, continue. The GBS in the tenth Plan was around 7% of GDP. Estimates by experts within the Left front (if one, however wrongly or correctly, were to assume they are most pro equitable development) suggests that the GBS for the Eleventh Plan will have to be increased by at least another 4.75% of GDP in order to ensure a minimum increase of 1% of GDP for agriculture. Comparatively, the government has sounded off that it is most likely to increase the GBS in 11th plan by only 2.5%.Also, the availability of quality labour force to meet the growing demands of the industry has become the newest major concern. Suddenly one is discovering that despite a huge youth force, India just does not have enough institutes of higher learning, which can churn out leaders and managers of international standards. According to Nasscom, India will face a shortage of about 500,000 skilled manpower by 2010!
For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2006
An IIPM and Malay Chaudhuri – Arindam Chaudhuri Initiative
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