Economy Sluggish for Lack of Vision: AB GM

Key parameters and functioning of rupee indicated the slowing down of the economy, said Andhra Bank’s general manager G Ravi Kumar.

Published: 11th July 2014 08:38 AM  |   Last Updated: 11th July 2014 08:40 AM   |  A+A-

VIJAYAWADA: “All key parameters like GDP growth rate, Sensex, inflation rate, fiscal deficit, industrial productivity data and functioning of rupee indicated the slowing down of the economy,” said Andhra Bank’s general manager G Ravi Kumar.

Addressing the management students at a workshop of SRK Institute of Technology at Yenikepadu Thursday on the Union Budget 2014-15, he said that lack of vision was resulting in the slow progress of the Indian economy. He wanted the management students to take interest in studying the Indian budget, which governs every aspect of life of individuals and corporate sector.  Unless exports increase, there would be no improvement in the GDP growth, he added.  He also said the tax regime was going to change rapidly and the young citizens should have a positive outlook towards it. Dr B Narayana Swamy, principal of the SRK Institute of Technology, said that every student of MBA should develop critical analysis of the Union Budget to give creditable performance at job interviews.

College vice-president P Venkata Narasaiah, MBA department HoD and Dean M Subrahmanyam and faculty  participated in the session.

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