the investment deficit worth several thousand crore suffered by the state because of its location along the Indo-Pak border and other reasons, economists say that available empirical evidence indicate that tabulated on the basis of investment and Gross State Domestic Product (GSDP), the state has lost an investment to the tune of Rs 9,497 crore per annum and Rs 25,000 crore per annum on the basis of the gap in the credit-deposit ratio since 1995-96 to 2008-09. It is a known fact that Punjab has the lowest investment-GSDP ratio among 14 major states in the country.
monetary policy is not favourable to the state because of its low industrialisation. The state is facing serious deficiency in terms of national investment and foreign direct investment. Low credit-deposit ratio, lack of rail connectivity and high dependence on the road transport is among the issues, which have blocked the development of the state.
NEED IS TO HAVE A special package to Punjab for
the rejuvenation of research in agriculture sector,
up gradation of canal irrigation system,
recharging of sub-soil water,
rain harvesting,
improvement in soil health,
crop insurance,
integration of agri-production with industry for processing and value addition and improvement in ecosystem.
Diversification in Punjab economy,
development of rural non-farm sector, more rail connectivity,
relieving of farmers from debt burden
and opening of Wagha and Hussainiwala border for trade with Pakistan and beyond are the other recommendations .
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