Calcutta,
April 22: A lack of political will combined with the absence of
infrastructure, skilled workforce and the necessary investment climate
to prevent the eastern part of the country from realizing its growth
potential.
During a session titled "The growth of eastern India," its economic and socio-political challenges "on Friday, speakers ranging from politicians, economists and academics cite the factors that have impeded the growth of the region. The session was organized by the Eastern Division of the American Chamber of Commerce in partnership with The Telegraph.
The eastern part of India, consisting of Bengal, Bihar, Jharkhand, Odisha and the Northeast 'can act as the gateway to commerce, trade and cultural exchanges with Southeast Asian countries. However, widespread poverty, lack of infrastructure, declining agricultural growth, poor range of financial institutions and low literacy levels are some of the key challenges.
Rudrangshu Mukherjee of The Telegraph, the moderator of the panel discussion, set in motion the session by saying that the story of the east is a "long saga of unfulfillment if not refuse." He said the reasons for the lack of growth should be emphasized instead of painting a rosy picture.
Higher politician Sougata Roy noted that the lack of proper policy was stunted. "The growth in the east to depend primarily on agriculture. But the region the maximum number of cases of poverty," he said.
He said the lack of political clarity on environmental issues continued to hide expensive investments in the region. "Given the overall pessimistic situation of the country, the growth prospect of the region is not clear," he said.
Economist Dipankar Dasgupta said there was a gap between the total number of proposed investments and the actual implementation.
Industrialists said there was a need to define policies to attract investment. Siraj A. Chaudhry, president of Cargill India, said the center had come with enabling policies to encourage investment. B.L. Bagra, Chairman and MD of Nalco, said: "We need to create an atmosphere not only to attract investment, but to preserve it."
Surendra Munshi, emeritus professor of sociology at IIM Calcutta, said although the politicians had created problems, the rest of society need to come up with a vision for the development of the region
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During a session titled "The growth of eastern India," its economic and socio-political challenges "on Friday, speakers ranging from politicians, economists and academics cite the factors that have impeded the growth of the region. The session was organized by the Eastern Division of the American Chamber of Commerce in partnership with The Telegraph.
The eastern part of India, consisting of Bengal, Bihar, Jharkhand, Odisha and the Northeast 'can act as the gateway to commerce, trade and cultural exchanges with Southeast Asian countries. However, widespread poverty, lack of infrastructure, declining agricultural growth, poor range of financial institutions and low literacy levels are some of the key challenges.
Rudrangshu Mukherjee of The Telegraph, the moderator of the panel discussion, set in motion the session by saying that the story of the east is a "long saga of unfulfillment if not refuse." He said the reasons for the lack of growth should be emphasized instead of painting a rosy picture.
Higher politician Sougata Roy noted that the lack of proper policy was stunted. "The growth in the east to depend primarily on agriculture. But the region the maximum number of cases of poverty," he said.
He said the lack of political clarity on environmental issues continued to hide expensive investments in the region. "Given the overall pessimistic situation of the country, the growth prospect of the region is not clear," he said.
Economist Dipankar Dasgupta said there was a gap between the total number of proposed investments and the actual implementation.
Industrialists said there was a need to define policies to attract investment. Siraj A. Chaudhry, president of Cargill India, said the center had come with enabling policies to encourage investment. B.L. Bagra, Chairman and MD of Nalco, said: "We need to create an atmosphere not only to attract investment, but to preserve it."
Surendra Munshi, emeritus professor of sociology at IIM Calcutta, said although the politicians had created problems, the rest of society need to come up with a vision for the development of the region
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