A critical appraisal

Last Updated: Saturday 04 July 2015 | 02:50:09 AM

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.

Subscribe to Weekly Newsletter :
We are a voice to you; you have been a support to us. Together we build journalism that is independent, credible and fearless. You can further help us by making a donation. This will mean a lot for our ability to bring you news, perspectives and analysis from the ground so that we can make change together.

Comments are moderated and will be published only after the site moderator’s approval. Please use a genuine email ID and provide your name. Selected comments may also be used in the ‘Letters’ section of the Down To Earth print edition.