Business Daily from THE HINDU group of publications
Tuesday, Oct 02, 2007
ePaper
Business Daily from THE HINDU group of publications Tuesday, Oct 02, 2007 ePaper |
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Industry & Economy
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Economy ‘Focus on education and healthcare facilities’
Our Bureau New Delhi, Oct 1 “India is changing, the people are realising their potential, their demands and expectations are rising, but what is lacking is a serious attempt at alleviating the lot of the poor,” said Lord Swraj Paul, Member of the House of Lords, UK and Chairman, Caparo Group. While speaking at a FICCI function on ‘Social and structural impediments to a rapidly growing India’ on Monday, Lord Paul said India must grapple with and find credible answers to the problems of educating its masses, proving healthcare facilities to them and tackling the menace of corruption. The total number of Indians having higher education was a mere seven per cent, compared with 50 per cent in the UK and 47 per cent in G-8 countries. India, he said. “Without education and healthcare facilities, there is a little chance of productivity going up,” Lord Paul said and pointed out, “These are not the responsibilities of the Government alone." He advised the Indian business community to look at these twin social issues seriously. He emphatically said that globalisation was unstoppable. Further, globalisation without movement of people and competition had no meaning. “Competition should be of the level that it hurts. That alone will help produce better and cheaper products,” Lord Paul said. More Stories on : Economy | Health | Education
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