Some people on this blog have rightly pointed out that boasting of a $250 billion forex reserve is immaterial if it cannot be utilized for the good of its citizens.
The only way India can progress is improvement in its infrastructure. We need massive investment in roads, water facilities, storage facilities, ports, airports, education etc. But the investment has to be inclusive. It must reach the villages of India. India is blessed with several resources; good climate, educated middle class, reasonably developed financial system.
To make sure we can leverage our resource, we need investment in areas that can then develop on their own. For example roads lead to increased commerce. Better storage facilities will lead to lower food wastage.
It is time the government and all citizens understand the importance of investing the national wealth.
Re: Investment is the key
by Mohammed Laiq on Apr 04, 2009 11:21 AM Permalink
china has $2 trillion foreign reserves but still they are not sellig. because they want to rule america and they want to rule the world. learn some thing from china. India is doing good thing by not selling these foreign reserve.
