World run by Indian brain power, says minister
India has come a long way from 'Hindu rate of growth' to a sustained growth of 8 per cent plus, says K Venkatapathy.
By PTI |
COIMBATORE: India has come a long way from what some economists dubbed as the 'Hindu rate of growth' to a sustained growth of 8 per cent plus, Union minister of State for Law and Justice K Venkatapathy said on Saturday.
Delivering the convocation address of SNMV College of Arts and Science on the city outskirts, Venkatapathy said the country was one of the fastest growing economies of the World and "you can feel proud of the fact that increasingly the World is run by the Indian brain power."
But, the time was not yet ripe for jubilation as we were still far away from our destiny and were yet to address the basic and pressing problems adequately, he said.
The results of development experience have not reached everyone equally. It would be a surprise to know that more than half the population has never made a phone call in this 21st century, he said.
Exhorting the younger generation to work for inclusive development, he said the focus has to be on meeting the needs of the weak and the marginalized. Technology must move from the portals of universities to the streets and water reservoirs of the villages, fields of the farmers and factories of the small entrepreneurs.
"It will be a shame on us, if we are unable to provide access to the basic needs to everyone at least within the next decade," Venkatapathy said.
Delivering the convocation address of SNMV College of Arts and Science on the city outskirts, Venkatapathy said the country was one of the fastest growing economies of the World and "you can feel proud of the fact that increasingly the World is run by the Indian brain power."
But, the time was not yet ripe for jubilation as we were still far away from our destiny and were yet to address the basic and pressing problems adequately, he said.
The results of development experience have not reached everyone equally. It would be a surprise to know that more than half the population has never made a phone call in this 21st century, he said.
Exhorting the younger generation to work for inclusive development, he said the focus has to be on meeting the needs of the weak and the marginalized. Technology must move from the portals of universities to the streets and water reservoirs of the villages, fields of the farmers and factories of the small entrepreneurs.
"It will be a shame on us, if we are unable to provide access to the basic needs to everyone at least within the next decade," Venkatapathy said.
Download
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
ADVERTISEMENT
