SME Times News Bureau | 11 Nov, 2019
Vice President M. Venkaiah Naidu said on Monday
that in the global arena, India is rising up to assume a leadership position
whether it is the issue of climate change, multilateral trade liberalisation or
in geo-political affairs.
India is being recognized as a strong power not
only in terms of its rising economic and market potential but also for its soft
power. There is enthusiasm across the globe about India, he said.
Naidu made these remarks while delivering the
21st ASSOCHAM JRD Tata Memorial Lecture, in New Delhi instituted in the name of
Shri JRD Tata.
He said that Shri JRD Tata was not only a doyen
of the Indian industry but also a visionary leader who foresaw a rising India.
“He has been synonymous with high ethical standards and the pioneering spirit
of entrepreneurship”, the VP said.
Talking of current economic situation, Naidu said
that the fundamentals of Indian economy are strong and with the Government
pursuing various reforms, India has potential to emerge as one of the leading
economies in the next 10 years.
He also exuded confidence that the recent
measures taken by the Government will simulate investments, attract capital
flows and give a push to GDP growth in the coming months.
Expressing pride at India being the world's
largest and the most vibrant democracy of 130 crore aspirational Indians, the
Vice President said that our nation is rising in stature in various fields - be
it economic, geo-political influence, defence, sports, science, IT and space
Saying that the right kind of environment has
been created for doing business, the Vice President called upon the industry
leaders to make best use of the opportunities.
He also said that ‘Rising India’ should mean the
rise in the living standards of every Indian. Not only should there be greater
ease of doing business but there should be greater “ease of living” as well.
Talking of various people centric programs such
as Digital India, Jan Dhan Yojana and Swachh Bharat, Shri Naidu said that the
extensive use of digital technology has reduced corruption and improved
Digital India is transforming the country into a
digitally empowered society and knowledge economy and Jan Dhan Yojana created a
world record in opening the largest number of bank accounts in the shortest
time. ‘It has made financial inclusion a reality’, he said.
Laying vision for future, the Vice President said
that now our focus must be on financial literacy and called upon the private
sector to work with the Governments, financial institutions and NGOs to bring
financial literacy to the masses.
Appreciating that the cutting edge back-end
solutions of scores of Fortune 500 companies are being developed in Indian
cities such as Bengaluru, Hyderabad and Pune, Shri Naidu said that we must use
the cutting edge technologies to come up with new products and processes and
become the digital hub of the world. “I would like the private sector to create
the right ecosystem for young Indian talent flourish by according greater
importance to research and innovation”, he added.
Calling Infrastructure is a key pillar for national
development, the Vice President said that tremendous progress has been made in
this regard in recent years.
With an average of 27 kms of national highways
and 134 kms of roads being built every day, our villages are better connected
and this will improve their overall economic activities, he said.
On the need of realising India’s demographic
dividend, the VP emphasised on providing it the right kind of skills and
Quoting the World Economic Forum’s report “The
Future of Jobs 2018”, Naidu said that more than half of Indian workers will
require reskilling by 2022 to meet the talent demands of the future and called
upon the industry to join hands with the government to create a workforce that
has the 21st century skills.
He also stressed upon the need to ensure equal
opportunities for women and asked for creation of an eco-system that gives them
equal opportunities to grow and contribute to national development.