IN A severe indictment of the government's economic policies, the Planning
Commission has observed that capital
expenditure on infrastructure and social
sector have suffered most in the quest
for fiscal deficit control. Public investment in agriculture has become stag-
nant or has decreased over the first 3
years (1992-95) of the Eighth Plan
employment rate has been lower than
envisaged. Glaring inadequacies in irrigation and flQod control projects have
also come to light.
The mid-term appraisal has warned
against the swift and wide opening up of
the consumer goods sector to imports,
as that would have an adverse effect on
employment generation. It has advocated that programmes for providing wage
and self-employment be continued as
instruments of direct intervention for
tackling poverty. The appraisal has cautioned against neglecting investment in
the farm sector, which continues to have
a predominant share in total employment generation.
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