Finalyst November 2013 Issue November 2013 | Page 10

FINALYST

NOVEMBER 2013
Vikas Kumar is a MBA
student of SIMS, Pune

India’s Growth Path

Solution for India’s problems:
Understanding
the fundamentals

showing exceptionally well improve- equally dependent on all three primament, most of those developing ry, secondary and tertiary sectors,
countries are sliding down in reces- which are interdependent; the other
focus point is the sequence in which
sion.
these sectors are to be developed. The
In case of our own country, its
growth rate declined to below half of

sectors should develop in a pipeline
manner because it is the agricultural
sector which gives base for industrialization and then both of these gives
base for service sector to blossom.
The reason for high growth rate of
developing countries which was seen
in the last decade were, scope for
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