The centre needs to give greater attention to balanced food production and food consumption, which is the main source of inflation in the country.
A study by the Department of Economic Affairs for 2013-14 estimated the effective tax paid by companies as against the statutory rate, making a case for a policy revamp.
The recovery of market in 2014 was solely due to the optimism generated by Prime Minister Narendra Modi, with FII investment in Indian equity crossing $16 billion.
Manufacturing has good potential. In the first quarter, its growth picked up to 3.5 per cent. If this growth accelerates, it will generate both GDP and employment.
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