A K Bhattacharya: Chasing the growth dream | Business Standard Column

A K Bhattacharya: Chasing the growth dream | Business Standard Column

My VIEW:

Coming from a Prime
Minister who told us that ‘dreams are not what you see while asleep, dreams are
what keep you awake and working’, this statement should inspire Indians. As an
inspired Indian, I venture to suggest a couple of measures that may double the
perceived size of Indian Economy, which, the Prime Minister has put at $2
trillion. My suggestions are:
(a) 
Map the country’s resources using scientific
methods.
(b)
The surface gold stock now estimated at
24,000 tonne(major portion of which is again not accounted or standardised!)
may get doubled, if gold and jewellery with private individuals and
organisations are accounted. Price of 30,000 tonnes of gold would be upward of
$1 trillion.
(c) 
Rationalise land and real estate prices
and get agricultural income and income from real estate, including appreciation
in value,   accounted.
(d)
Have a transparent prices, wages and
income policy across government, public and private sectors.
The
measures are illustrative and individually each one may not boost up GDP. But
an effort in this direction will help double the size of the Indian Economy
much faster. 2X2X2X2=16


M
G Warrier, Thiruvananthapuram

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