Kolkata, Sept 23 (Calcutta Tube/IBNS) Infrastructure deficit is the biggest challenge before India, said Kamal Nath, Minister of Road Transport and Highways, here on Wednesday.
He was speaking at the 37th AIMA National Management Convention, which was inaugurated here on Wednesday, among a gathering of more than 800 industry stalwarts, management gurus and eminent national and international speakers.
The two-day convention is focusing on the theme ‘Managing India: Opportunities and Challenges’ and is dealing with issues related to the future growth of India.
Commenting on the world’s perception about India, Kamal Nath said, “Today, India’s intellectual and entrepreneurial ability is recognized globally. India has adopted changes and adapted to changes.”
Kamal Nath stressed infrastructure deficit is the biggest challenge before India. He pointed out that India’s growth has preceded infrastructure development and India is playing catch up with the past. He added that infrastructure deficit is costing India 2-2.5 per cent GDP growth.
Meanwhile, Sanjiv Goenka, President AIMA, said that efforts to project India as a leader on a global platform needs to be doubled. “This could be India’s century but it is early days yet, but we are at the cusp of an inflexion points,” he said.
The 37th AIMA National Management Convention will continue on Thursday and will provide a platform for industry and economists to debate issues pertaining to further growth of India.