Friday, March 29, 2024
HomeTelanganaKTR asks politicians to focus on economics not politics

KTR asks politicians to focus on economics not politics

Telangana minister for industries, commerce and information technology K.T. Rama Rao on Thursday called for politicians to focus on economics rather than on politics.

He stated it was unfortunate that leaders in India focus on politics and not on the economy.

India is in a perennial mode of elections and politicians were always more focused on winning the elections than creating wealth for the next generations, he said while addressing at the NHRD ‘Decode The Future- The National Conference’.

“We are the world’s largest democracy and elections happen throughout the year and the leaders are always seized with politics,” he said.

K.T. Rama Rao, popularly known as KTR, also highlighted the need for ensuring equitable distribution of wealth.

He pointed out that despite being the most populous country in the world, the majority of the country’s wealth was owned by a few individuals.

He stated that ensuring wealth distribution was the primary responsibility of all governments.

“We need to think whether the leadership of our nation is giving us the aspirations of being a 25 trillion economy, besides how the wealth can be distributed equally among all sections,” KTR said.

ALSO READ: KTR takes aim at Bandi, Eatala on their home turf

KTR receives thanks from Tollywood for hosting Formula E in Hyderabad

“We are a nation with the maximum number of poor people on the planet. I am not preaching Communism but unless wealth is distributed equitably and unless the government takes care of the most vulnerable, we may have civil strife,” he warned.

In response to Prime Minister Narendra Modi’s statement that freebie culture is bad for the country, KTR stated that India is still a third-world country.

He said that India which recently surpassed China as the most populous state with 1.4 billion has the biggest advantage both in terms of natural and Human resources.

The Bharat Rashtra Samithi (BRS) leader believes that the most difficult challenge for a leader is not capital management, but people management.

He pointed out that the maiden age of 65 per cent of India’s think force is 35 years and maiden age of 50 per cent of think force is 28 years.

“We are the youngest nation on the planet but we are not using this asset effectively,” he said. Unfortunately, he said, the youth were being trained and groomed to be job seekers rather than job providers.

He said that statistics can be misleading, added that while India is the fifth largest economy in terms of GDP, it ranks 142 with a per capita income of only $2,400.

KTR stated India and China had GDPs that were nearly identical in the 1980s. Now, China was a 18 trillion dollar economy and India was still languishing at 3.4 trillion dollars. Similarly, despite its geographical and topographical challenges, Japan has the world’s third largest economy.

He stated that China managed its aspirations and development goals, as well as ensuring that its natural and human resources were used effectively.

He said that Japan could achieve amazing growth despite all adversity because of the intellect of its people.

He claimed that if the rest of India had performed at the same level as Telangana over the last eight years, the country would have already become a 4.25 trillion dollar economy. He listed the rapid strides made by Telangana over the last eight years, particularly the growth in GSDP and per capita income.

KTR said that Telangana made good use of the natural and human resources and achieved 15 percent CAGR. Telangana’s per capita income in 2014 was Rs 1.24 lakh and increased to Rs 2.75 lakh while the national average was Rs 1.49 lakh, he said.

He pointed out that in the last 8.5 years, Telangana issued nearly 22,000 clearances for industries through TS-IPASS and generated 21 lakh direct jobs.

He also explained how Telangana was marching ahead with a fine balance of development and welfare.

“If only the rest of India can work like Telangana and if only the rest of India is led by a leader like KCR, 5 trillion is a joke, we can reach 15 trillion dollars,” he said.

 

 

 

 

 

(This story has been sourced from a third-party syndicated feed, agencies. Raavi Media accepts no responsibility or liability for the text’s dependability, trustworthiness, reliability, and data. Raavi Media management/ythisnews.com reserves the sole right to alter, delete or remove (without notice) the content at its absolute discretion for any reason whatsoever.)