CII: Figures, slogans alone don146;t make a 145;New India146;

Export is not the only way to globalise, said Jagdish Sheth of Emory University, while citing the unorganised sector as a growth retardant. WordTel chairman Sam Pitroda said the country lacked proper R038;D in IT and telecom sectors.

At a panel discussion, Shekhar Gupta, Editor-in-Chief, The Indian Express, said applauding a 10 per cent GDP growth in a quarter does delete the fact the economy has not been underperforming in the last 50 years.8216;8216;Our industry has fallen victim to the government8217;s charm, we have declared success too early,8217;8217; he said.

8216;8216;Don8217;t compare with the past, you8217;ve to convince me that our future is better than China8217;s,8217;8217; Gupta said. He said business houses have not come forward yet to protest the IIM fee-cut. 8216;8216;Why can8217;t just 50 of you get together and sign a memorandum and take it to the PM to say that whatever HRD Minister M.M. Joshi is doing is wrong?8217;8217; he asked.