Ad Here  
Groupon kicks in... Welcome Walmart Crafting the big Plan Why are we NOT IN THE RACE? Fighting financial frauds Focus on increased penetration Bali in UN nutrition panel A big bite Mobility solutions will drive the auto industry Shift industries to the sea! Crafting the big Plan A strong diversified base to build Not many keen to pursue research... NIA targets premium income of Rs 12,000 crore Software to assess risk The two levels of reforms A good idea. It can turn sour if disruption continues to linger on... Reviving growth... Crafting the big Plan Coming up: a BRICS currency? Light at the end of the tunnel Why this gross under-performance? Ban gold imports Insure your way forward Tasks for the new government Sustainable development need of the hour The Brit connection continues Crafting the big Plan Dr Stefan Weckbach: FTA will help step up investments, trade... Meet Prof. Hot Chips Health for all... No deficit financing here! Crafting the big Plan Proof of identity to millions…
No deficit financing here!
Excerpts from an interview with San Luis Governor Claudio Javier Poggi

Industrial Economist (IE): How do you manage a debt free budget after providing free laptop to all students from pre-kindergarten to post-graduation, full city wi-fi and affordable housing to almost 50 per cent of the population?

Claudio Javier Poggi(CJP):
San Luis Province is very competitive in economic activity and is socially inclusive. In line with our policy of digital inclusion we have given laptops to all and made the full province wi-fi connected. First, we did all the connectivity and then we gave the laptops beginning from the primary schools in the province to the post graduate students, so that students in the small towns have the same opportunity as students in the metro.

Housing is provided through an economic redistribution policy. It is very difficult in Argentina for the common man to own a house through bank credit. The government builds the houses, offers  these for  buying on mortgage of 25-30 years. This ensures that we don’t have slums and this is also one of the ways to bring investor to the province. Our budget size is a thousand million dollars and by law 50 per cent of this goes directly to investment in infrastructure. We ensure that we don’t spend more than what we have. We passed through a lot of crises and today we are a stable economy. But inflation is still high at  around 25 per cent. 

40 per cent of San Luis economy is contributed by industry, 20-30 per cent by services and 30-40 per cent by agriculture.

IE: In what areas do you think India and Argentina can collaborate?
CJP: we are a 40 million people market for India. With very good natural resources, San Luis has a strong food processing industry which can help India in addressing its food security needs.
Author :
Reported On :
Sector :
Shoulder :
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.
Read more
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
S-15, Industrial Estate,
Chennai - 600 032.
PHONE: +91 44 22501236