Interviews
Mr Nath addresses Partnership Summit
17 Jan '08
3 min read
This probably explains why we know so little about rural India. It also explains why most of our businesses, jobs, products and processes are urban-centric.
“To ensure inclusive growth, we need to see rural India through new eyes. As companies, you will need to develop new price points and set up alternative supply chains to address rural needs.
You will need to develop durable relationships with NGOs, self help groups and micro finance institutions to penetrate rural India. To unearth the wealth in rural India, you must innovate.
Today, Indian companies are rethinking the way they manage assets, distribute products and use technologies to create new services. I believe many of these can help rural India.
For example, I know that a leading private sector Indian bank is expanding its rural network by setting up automated teller machines in villages and providing credit and deposit facilities to millions of Indians who had limited access to financial institutions. Then again, the e-chaupal experience has been well documented”, Shri Kamal Nath said.
The Minister added that “Inclusive Growth” is also about the successful management of demographics. With half the population under the age of twenty-five, India already has the youngest labour force in the world and will have more young workers aged 20 to 24 by 2013.
“I have no doubt that if these workers are adequately trained and skilled, they will give the country a huge competitive advantage in terms of raising per capita incomes and reducing dependency ratios. I call upon Indian industry to play its part in skill-building.
“To ensure inclusive growth, we need to see rural India through new eyes. As companies, you will need to develop new price points and set up alternative supply chains to address rural needs.
You will need to develop durable relationships with NGOs, self help groups and micro finance institutions to penetrate rural India. To unearth the wealth in rural India, you must innovate.
Today, Indian companies are rethinking the way they manage assets, distribute products and use technologies to create new services. I believe many of these can help rural India.
For example, I know that a leading private sector Indian bank is expanding its rural network by setting up automated teller machines in villages and providing credit and deposit facilities to millions of Indians who had limited access to financial institutions. Then again, the e-chaupal experience has been well documented”, Shri Kamal Nath said.
The Minister added that “Inclusive Growth” is also about the successful management of demographics. With half the population under the age of twenty-five, India already has the youngest labour force in the world and will have more young workers aged 20 to 24 by 2013.
“I have no doubt that if these workers are adequately trained and skilled, they will give the country a huge competitive advantage in terms of raising per capita incomes and reducing dependency ratios. I call upon Indian industry to play its part in skill-building.
Press Information Bureau Government of India
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