The problem with India's growth story has been its inability to reduce poverty to significant levels.
The cash-starved Indian textile industry is of the view that the Technology Upgradation Fund Scheme, or Tufs, flagship scheme of the textiles ministry, has lost its shine, as economic slowdown has put modernisation and expansion plans of companies on hold. The industry says there are more basic problems that the government needs to address.
In an interview with Business Standard's Devika Banerji, he says the monitoring of rural spending should be on top of the new government's priorities.
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