Saturday, April 25, 2009

Ten reasons why India would grow almost as strongly as it has done in the past many years

IIPM Ranked No. 1 B-School In Global Exposre - Zee...

The land of snakes, elephants and...growth


WELFARE SCHEMES: One of the better known – and controversial – features of the UPA government has been the emphasis it has put on welfare schemes for the poor. The most important of this is the National Rural Employment Guarantee Program (NREGP) that promises at least 100 days of employment to the poor in rural areas. Sure, there have been many valid criticisms of corruption and leakages. But the fact is that rich farmers in Punjab are finding it desperately difficult to find labourers to work in their farms. NREGP has a lot to do with this, despite the leakages. Of course, the rural poor who benefit from NREGP will not be buying plasma TV sets; but the small amounts they will spend keeps the economy chugging along. No matter what prejudiced critics say, companies like ITC and HUL have shown that there is a fortune to be made at the bottom of the pyramid. The NREGP is consistently broadening the base of the pyramid!


For more articles, Click on IIPM Article.
Source :
IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and
Arindam Chaudhuri (Renowned Management Guru and Economist).


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