January 9, 2011 2:16 PM

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ASSOCHAM comes out with five-point strategy for development of India

Industry body Assocham today came out with a five-point strategy focusing on infrastructure, good governance and education to transform India into a developed economy. In a statement in New Delhi, Assocham said, the government should take more concrete steps to ensure 100 per cent literacy by the end of next decade. In addition, it said, the government should stress on effective human resource development through vocational education and training initiatives to enhance the job prospects of the youth. Assocham said that good governance, which is about effective decision-making at all the levels, is a must to enable every sector and the only way to effectively deal with evils like illiteracy, poverty, malnutrition and law and order problems. The chamber also suggested the use of labour intensive technology for production to increase employment opportunities. It said, the government should also promote the small and medium enterprises sector, as it contributes 90 per cent to the Indian economy's output.

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