Tata Group Chairman Ratan Tata has said in a recent interview that the inadequate infrastructure remains a major roadblock for the growth in the country.
He also said that the government is also required to focus on addressing the water problems in the country. He agreed that providing facilities to the bottom of pyramid is a real challenge for the country. He pointed out that the culture of India and pride in India is very strong and thus it has the potential to emerge as a powerful nation.
He sounded a positive note about the country's potential and brushed aside fears that the neighboring China's larger economy might overpower the country. He said that India needs to manage its food distribution in a better manner.
About the growth prospects in the international economy, he said the gloomy scenario means that Europe will recover gradually while the US might recover faster from the slowdown. He believes that the growth lies in the Asian region. "There may be an increased protectionism in developed nations, also intra-Asia trade will increase going ahead." He said.
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