SME Times is powered by   
Search News
Just in:   • OPEC to extend output cuts, to set up OPEC-India Working Group  • Honda Cars expects higher growth than automotive sector this fiscal  • ITC net profit up 12.1 percent in Q4  • Tata Chemicals posts 32 pc rise in Q4 net profit  • Centre modifies rules to end cattle slaughter 
Last updated: 19 May, 2017  

Rupee_DollarTHMB.jpg India to double wealth in 10 years: M.J. Akbar

rupee-2000.jpg
   Top Stories
» Entities to declare over Rs 2 lakh cash receipts by May 31: I-T
» India, Mauritius negotiating CECPA trade deal
» Climate, trade, security, migration to figure in tough G7 summit
» Sensex mounts 31k, Nifty scales 9,600 points peak
» Startups get a boost as govt enlarges definition
SME Times News Bureau | 19 May, 2017
Union Minister of State for External Affairs M.J. Akbar on Thursday said India will double its wealth in 10 years and the process to achieve that has begun.

"It took 80 years from the rise of the first industrial revolution for Britain to double its wealth. When China started its own reform... it doubled its wealth in just 10 years, that is the change that has emerged and you are in the first year of a process in which our nation is finally going to double its wealth in 10 years. That is the true opportunity," Akbar told students in his address here at 5th annual convocation of International Management Institute (IMI) Kolkata.

Noting the importance of women in contributing to India's future, Akbar remarked: "If you add women to your intellectual workplace, if you add women to your economy, you will triple the economy -- forget doubling it. That is the process that we are seeing is happening."

Akbar also exhorted the graduating management students to eliminate poverty in the foreseeable future.

"We have to eliminate the curse in the foreseeable future. The liberation of 30 per cent of India from harsh poverty, means the creation or adding 400 million people into the consuming class.

"Essentially you will have doubled the consumer market... in 10 years if you double the consumer market, you double the wealth of the nation, you double manufacturing, you quadruple manufacturing ... your manufacturing finds the scale which enables it to compete across the world... so you are living at a moment of such potential excitement," he said, adding hunger and poverty have no religion.

The convocation also saw launch of AICTE approved fellowship and Dr. R P Goenka Scholarship Program by the by RP-Sanjiv Goenka Group-governed institute.
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
65.30
63.60
UK Pound
85.05
82.20
Euro
73.10
70.60
Japanese Yen 59.05 57.05
As on 29 May, 2017
  Daily Poll
Should Govt tax farm income above certain level?
 Yes
 No
 Can't say
  Commented Stories
» Starting an import export business: Basic guide for beginners(76)
» Three years of Modi government(22)
» GST will go a long way in helping SMEs, says GST Council official(4)
» Govt. approves subsidy for 2,221 cold storages(2)
» Where should I export - the answer is here!(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter