Shortchanged

What ails the economies of the eight northeastern states? The warped fiscal policies of the Union government

 
By Nitin Sethi
Last Updated: Saturday 04 July 2015

-- (Credit: Anil Agarwal / CSE)the much-touted North East Industrial Policy (neip) of the Union government badly needs a 'mid-course correction'. This acknowledgement has come from none other than S Jagdeesan, joint secretary in the Union ministry of commerce and industry, at the Northeast Expo 2004 at Delhi. He made some other revelations. For example, the Union government's investment of more than Rs 1,200 crore in the region has generated only 18,007 jobs in the nine years that the policy has been in force. This after the Centre had already pumped in more than Rs 6,000 crore as subsidies since the inception in 1976 of the Northeast Council, the apex planning body for the region, in Shillong.

Organised by the Confederation of Indian Industries (cii) on March 19-21, the expo was to showcase the business potential of the Northeast.

Subscribe to Weekly Newsletter :

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.