statesman news service
Kolkata, 15 July
India’s competitive IT services are considered as the best growth driver of the nation’s economy according to a survey of 19,000 citizens of the country.
Besides, a huge market and youth involvement is considered as the other major factors that give a boost to economic growth.
Fortyfive per cent of the respondents to the survey conducted by Microsec Research say foreign direct investment limit in multi-brand retail should be 51 per cent while only 31 per cent observed the limit should be 26 per cent, Mr BL Mittal, Microsec chairman, said while releasing the report here today.
While criticising corruption as the worst ailment paralysing the country, the majority of respondents observed "high inflation is the toughest hurdle in India’s economic growth path."
The survey, conducted online through the Opinion Square section of, shows that the Indian society is highly concerned about the prevailing poverty in the country and feels that corruption and high prices are likely to be the key issues that will decide the outcome of the forthcoming Lok Sabha elections.
Releasing the survey results at the Merchants’ Chamber of Commerce and Industry, Mr Mittal said providing food to the majority of Indians through the Food Security Bill is greeted by almost three-fourth of the respondents but political differences and policy paralysis remained most worrisome to most of them.