Mr. Kamal Nath, Minister for Urban Development & Poverty Alleviation

In India we have developed a psyche to believe that what is not boom is gloom. I have seen the growth of auto sector at 34% and this is the moment of rejoice and celebration as we are growing and all auto manufacturers in other countries envy us for growing at such a pace, but still there is a feeling of gloom.

We should look at the future with the perspective of national growth in comparison to other countries. “Reforms” has become a buzz word and we do need reforms as they will become the strength in future. I must share with you that after the events that happened in 2008-2009 in UK & USA, we were concerned which model will be most suitable for India with the best reforms for the growth of our country. The bankers from the western world teach and preach us for the reforms that we need to do in financial sectors for many years but we have to understand that our priorities and needs are different and we have to act in a different way to achieve our goals. Reforms in process and governance are most important as they affect growth the most.  We have to put our heads together and work together to provide these reforms for our country. Continue reading →