As private capital expenditure dwindled, state governments, searching for options to create job opportunities, rolled out the red carpet for investments. It is evident that industrialists, being chased by state governments, are wielding more demanding power. The Central government needs to prioritise private capital and, together with the state governments, should look to expand social benefits for the workers. As private capital expenditure dwindled, state governments, searching for options to create job opportunities, rolled out the red carpet for investments. It is evident that industrialists, being chased by state governments, are wielding more demanding power.

Source: Indian Express May 02, 2023 01:32 UTC