For the founder of Dimensions, a Chamber of Commerce of Christian inspiration, government and banks need to streamline the rules and support social spending. The country will close the fiscal year with the GDP of +5%.

Mumbai (AsiaNews) - Support social spending, streamline bureaucracy that regulates businesses and create new jobs: this is the recipe that Freddy Mendonca, founder of Dimensions, Chamber of Commerce of Christian inspiration, suggests to AsiaNews to boost the economy India. According to the Central Statistical Organization (CSO), in 2012-2013 the growth will be the weakest ever recorded in the last 10 years. At the end of March (when the fiscal year closes) GDP will stop at +5%, compared to 6.9% last year

Inflation above 7% - one of the highest among emerging economies - and limited progress in the manufacturing, agricultural and service sectors are listed among the causes of this decline. For the Christian entrepreneur, however, the current economic stall is also produced by some short circuts that have emerged in the last decade: "Trying to sustain an expenditure that exceeds any real possibilities has created holes in each sector. People and companies have spent more than than they could afford ", also taking advantage of the complex bureaucratic mechanism that regulates the internal market.

"The solution - adds Mendonca - is in the hands of the government and the banks, which should streamline the rules that affect business and investment. As entrepreneurs we are the first to be affected: if growth is weak, companies are at a loss and people lose their jobs. "At a time, he adds, "when we should be creating new opportunities."

• INDIA
• economy
• growth
• rate
• slow
• investment
• banks
• social
• spending