Mentor & Chairman Emeritus, Fortis
Healthcare Limited, Mr. Harpal Singh on Tuesday called for an economic model
that can ensure the equitable growth for the people of India as so long as such
a model is missing, equity in growth will also miss out.
Participating in an Interactive Session on
Ethics Beyond Business under aegis of PHD Chamber’s Young Business Leader Forum
here today, Mr. Singh emphasized that three factors will determine the
sustainability of modern business namely technology, globalization and climate
change and therefore, the businesses that respond to the challenges arising from
the trio will sustain and grow and the rest disappear.
According to him, the economic models that we
followed in the past have not adequately served on growth as its trickle down
has not been inclusive and stay put exclusive as a result one per cent of
select Indian wealthy controlled 37% of its wealth a decade ago which went up
to an extent of 53% as of now.
If we reduce this percentage even by 15-18%,
India could bring out close to 90 million of its populace above the poverty
line which could be possible with an economic model that can make sure equity
and equitable distribution of wealth, he emphasized exuding hopes that the
present government which has such a massive mandate to put in place the
suggested model so that the growth moves from being exclusive to inclusive.
Technology, globalization and climate change
would issues that India and modern businesses would have to address in an
effective manner and that those have begun to prepare for them will survive and
sustain their operations with keeping their antenna up and eyes and energies
agile.
The interactive session was presided over by
the Sr. Vice President, PHD Chamber, Mr. Anil Khaitan who stressed on adherence
to ethics without which the modern businesses will begin to dwindle.
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