Warning: session_start() [function.session-start]: Cannot send session cookie - headers already sent by (output started at /home/indiab/public_html/include/connDB.php:13) in /home/indiab/public_html/BusinessDetailsPage/2013/businessDetails310113q.php on line 3

Warning: session_start() [function.session-start]: Cannot send session cache limiter - headers already sent (output started at /home/indiab/public_html/include/connDB.php:13) in /home/indiab/public_html/BusinessDetailsPage/2013/businessDetails310113q.php on line 3

Warning: mysql_num_rows(): supplied argument is not a valid MySQL result resource in /home/indiab/public_html/BusinessDetailsPage/2013/businessDetails310113q.php on line 24
\"India\'s economy will counter the odds\"
Make this your homepage
 
indian news portal IBNS
Business
indian news portal IBNS
indian news portal IBNS
indian news portal IBNS

"India's economy will counter the odds"

India Blooms News Service




Kolkata, Jan 31 (IBNS): Despite stumbling to its slowest pace of growth in a decade, the Indian economy will gradually bounce back, Anita Bose Pfaff former professor of economics at the University of Augsberg said on Wednesday.




The daughter of Indian freedom movement hero Netaji Subhas Chandra Bose was speaking at an open interactive session on Global Economy hosted by the Confederation of Indian Industry (CII) Eastern Region Wednesday,

Addressing at the session on ‘Global Economy – The Way Forward’ Pfaff said that India is in the league of a few big global players.

"The country is now economically a lot more viable than 20 years ago. The global downturn occurred because of the failure of the market economy."

Pfaff also asserted that the world has been impacted by the wrong policies of the former American President, George.W.Bush.

During his tenure the banking sector did not execute right policies, failing which people have lost jobs and homes. But still India remained untouched by that because it has a big domestic market of its own, she added.

She anticipated that China will face severe crisis because it is manipulating its own currency. "This act of manipulation will impact China in the long run."

She cited a few ways to get rid of the financial crisis.

"A strong trade union along with good industrial relations can be a favourable way to solving the crisis."

She contrasted with the idea of having multiple trade unions because there will be no compatibility between owners and labourers then.

"Besides this India is replete with natural resources, which have to be utilised well."

She also laid emphasis on the Indian brain power and hoped that a fluent education system would be handy to upgrade the economy in the future.

"India's health care system needs investment from the business sphere."

"National empowerment with specifically the empowerment of women has to be greatly focused by the Indian Government," Pfaff noted.

Without bringing the reference of her father she exclaimed that the freedom fighters of India would have been disappointed had they seen the current cases of corruption in India.

“Corruption halts the economy from rising up.” She moreover urged the corporate sector to play a significant role.

On the Gorkhaland crisis Pfaff proposed that each and every small clan can not demand a separate state and this has to be curbed strictly.

The session was inaugurated by the Chairman of CII National Committee on Exports, Sanjay Budhia.

(Reporting by Gourab Gupta)



To Post Your Comment On This Article Click Here
Comments Posted on this news:

There are no comments on this News.

Related Business Photos
Dateline Davos: World Economic Forum
Dateline Davos: World Economic Forum
Related Business Video
India Blooms Video Economy to grow by 6.4 percent in fiscal 2013-14: Rangarajan India Blooms Video Indian Economy on road to recovery: Chidambaram
Technology Video

Samsung Galaxy Camera coming to India by mid-November

'Angry Birds' creators launch new game

Samsung launches new oversized smartphone
More Technology Video »
Automobile Video

Lamborghini Aventador LP700-4

Nissan Evalia Launch

Premier Rio Preview
More Automobile Video »
Related Business News
RAMA gets new president
"Europe needs to seize Re-Shoring opportunities"
WEF: Brazilian Prez invites foreign investment
WEF: Experts warn post-crisis monetary stimulus
BRICS dynamic despite slow growth
 
More Business
Business Archive >>   



Tags
Odisha   Talcher   NTPC   solar plant   Jakson Group   Kurkure manufacture   PepsiCo India   Kurkure   L&T Construction   rupee   Thailand delegation visits Kolkata   Thailand delegation visits Kolkata   corporate performance   BSE 500   interest rates   Ind-Ra   Reliance Capital Limited   Smart Cash Plus Plan   Reliance Life Insurance   rural India   White Label ATMs   RBI   Srei   Hillshire Brands Company   business process outsourcing   Genpact Limited   Factories Business   Buildings   housing orders   L&T Construction   rupee   AdobeSAP AG   Europe   Information technology   social media platform   Facebook   free Facebook access   Aircel   rupee   GE Healthcare CTSI   Idea musicHUB   Idea Cellular Idea musicHUB   Marico appoints Saugata Gupta as MD   Marico appoints Saugata Gupta as MD   GlacialLight launches surface mounted lights   GlacialLight launches surface mounted lights   WABCO exhibits safety technologies   WABCO exhibits safety technologies   Gujarat NRE Coke receives CDR approval   Gujarat NRE Coke receives CDR approval  
indian news portal IBNS
indian news portal IBNS
indian news portal IBNS
 
About Us  |  Writers  |  Advertise with Us  |  Privacy Policy  |  Terms of Service  |  Contact Us  |  Sitemap   |  Send Feedback
Copyright © 2008 Indiablooms.com. All rights reserved.   Copyright / IP Policy   |  Company Info
Increase Page Rank