Stimulate consumer demand to tackle economic crisis

President Pratibha Patil today said stimulating consumer demand and creating confidence in institutions and

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markets can help tackle the present downward trend in the global economy.

"Stimulating consumer demand and creating confidence in institutions

and markets is one of the focal areas for tackling the situation.

This requires products that meet standards of quality and services

that have an assurance of safety," Patil said after inaugurating

a meet of the Committee on Consumer Policy, an ISO body, here.

Highlighting that the impact of the financial meltdown on India

has been less because of strong domestic consumer demand, the President

said, "... For us consumer protection is of great significance both

as part of a sound business approach as well as for achieving the

broader goal of national economic growth."

Stressing on evolving a network of institutions to safeguard

interest of consumers, Patil said, "A legal system and a strong dispute

redressal mechanism must also be in place. This can make consumer

protection effective and meaningful, nationally and internationally."

"We have a Consumer Protection Act at the national, state and

district levels. These courts have delivered landmark judgments in

many spheres and have been a constant source of hope to consumers,"

the President said.

The President said standards play a key role in consumer protection

and consumer organisations need to play a more meaningful role for

developing standards both at national and international levels.

"In a globalised world, companies are producing the same product

in more than one country or have a process of production, where various

components are produced in different countries and, thereafter, these

parts are assembled in a country not involved in the manufacturing

of parts," Patil said.

"In such a scenario, countries should look at a coordinated

approach to meet the needs of consumers satisfactorily by developing

standards that take into account their concerns," Patil said, adding

that a common set of accepted standards between countries to promote

international trade will avoid unnecessary trade disputes.

Patil said that guidelines developed by the Committee on Consumer

Policies (Copolco), one of the important bodies of International

Organisation for Standardisation (ISO) should be used by countries

to disseminate the information and thus empower the consumers.

Speaking on the occasion, Consumer Affairs and Food Minister

Sharad Pawar said that health regulation is now seen as an integral

part of the recovery process in the wake of the global economic crisis.

"This understanding also recognises that interests of both consumers

and business have to be reconciled in a mutually reinforcing framework,"

Pawar said.

High standards of manufacturing and service delivery help the

country become more competitive, apart from benefiting the consumers.

"Therefore, consumer protection and emphasis on quality and standards

are an integral part of any development strategy," he noted.

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