Bundelkhand : Potential Growth Engine for the Indian Economy

India skipped the stage of industrialization and jumped straight to service stage form being agrarian economy during its economic evolution. This transition created a market in urban India but the benefits failed to percolate beyond the metro cities.Through revisit of SEZ policy, the government tried to rectify this mistake however the ambitions were jolted by not so economic reasons, besides in all this exercise the government failed to cash upon the potential available in the area Bundelkhand.On the face there no specific reason for the regions backwardness in economic sense, however detailed analysis of Infrastructure available, tax structure in the country, entry and exit routes available to the investors, potential domestic market can be a key to identify the sense of making a heavy move of investment in the area. This analysis, when accompanied with comparative study of industrial areas developed around the world will provide base for fresh outlook at the direction of the industrial policy in India.The focal point of the analysis of this paper is Tax structure in India and how it can be tailor made to stimulate the growth of industry in the area.India is overpopulated, scarcely resourced country with educated manpower. Since current establishment of new industrial area is gobbling up fertile agricultural land the suggestion provided by the paper may prove to be 'a way out form the situation'