Growth with Equity, Employment Generation and Environmental Sustainability need of hour for Development: Dr. Manmohan Singh at PHD Chamber 111th Annual Session

Growth with Equity, Employment Generation and Environmental Sustainability need of hour for Development: Dr. Manmohan Singh at PHD Chamber 111th Annual Session

Growth with Equity, Employment Generation and Environmental Sustainability need of hour for Development: Dr. Manmohan Singh at PHD Chamber 111th Annual Session

 

No.PR-129
November 26, 2016
New Delhi
 

Growth with Equity, Employment Generation and Environmental Sustainability need of hour for Development: Dr. Manmohan Singh at PHD Chamber 111th Annual Session
 

Former Prime Minister of India, Dr. Manmohan Singh on Saturday emphasized that while India is moving from the phase of 1991 economic reforms to the new era of sustainable development, however, added that it has not been successful in reducing malnutrition.
 

Addressing a Valedictory Session of 111th Annual Session of the PHD Chamber of Commerce and Industry here today, Dr. Singh expressed concern that malnutrition is seriously retarding improvements in human development and a further reduction of child mortality.|
 

“Today, India is moving from the phase of 1991 economic reforms to the new era of sustainable development.  The priority now must not only be towards growth, but on the multidimensional aspects of growth, equity, employment generation and environmental sustainability”, he said.
 

“Economic growth and macroeconomic stability are necessary for reducing poverty.  International experience by and large, shows that countries which are most successful in reducing poverty are the ones which have combined rapid growth with equity in sustain growth.  In such a strategy, public policies influence both the distribution of income and the process of income generation”, said Dr. Singh
 

He concluded his address by further emphasizing in order to achieve the multidimensional growth that India aims at, its economic policies need to be designed in a manner that the re-distribution process does not feed for the public finances and the growth process itself is not hampered.  “To achieve this objective, inclusive development needs to be combined with consolidation of public finances, financial stability, employment generation and economic growth and protection of environment”, felt Dr. Singh
 

Earlier speaking Plenary Session on Global Perspective of Investments in India, CEO, NITI Aayog, Mr. Amitabh Kant called for rationalization of labour laws, reduce regulations for improving ease of doing business in India as also spur up its exports so that India becomes the hub of manufacturing as also enlarge its share in global economic engagements.
 

Secretary, Department of Department of Industrial Policy & Promotion, Ministry of Commerce and Industry, Mr. Ramesh Abhishek explained that his department is revising regulations for better so that the Make in India, Digital India and Skilling India picked up the required momentum as aspired by the Prime Minister of India.
 

President, PHD Chamber, Dr. Mahesh Gupta and its Senior Vice President and Vice President, Mr. Gopal Jiwarajka amd Mr. Anil Khaitan including the Secretary General of the PHD Chamber Mr. Saurabh Sanyal were present on the among others.
 

Ends.

Koteshwar Prasad Dobhal
Consultant (PR)