Ahmedabad, April 05: The RBI has said that more efforts are needed for achieving financial inclusion and creating the spirit of entrepreneurship to make the economic growth success broad based.
Speaking here at a convocation ceremony of EDI Ahmedabad, RBI Deputy Governor K C Chakrabarty also called upon the NGOs to play a bigger role in this regard.
“While the growth story has been impressive, there are causes for concern on other dimensions. Issues of income distribution are important. We have a long way to go in addressing concerns of absolute poverty,” he said.
Chakrabarty pointed out that India ranks 119th among 169 countries on the 2010 Human Development Index published annually by the United Nations Development Programme.
“We compare poorly on almost all indicators such as life expectancy, education and per capita income. We have issues of water, sanitation, power, infrastructure and environmental degradation.
–Agencies