Yahoo India news article titled “Giving young India a foothold into the future”. The leading companies in India have joined hands with the central government to improve the career prospects of bright young people from rural India.
Finance Minister Pranab Mukherjee said the government would make it a priority to reach 9% gross domestic product growth in the medium term and would seek to spend 9% of GDP on infrastructure development by 2014. Budget release was heavy on spending for farmers and the poor, a core constituency of the Congress party-led ruling coalition, funded by a surge in borrowing and an increase in the fiscal deficit to 6.8 percent of GDP.
India can learn from China to develop light manufacturing to provide employment for tens of millions of surplus farm laborers. Better urban management will be an imperative as more Indians flock to cities in search of work.