Gadkari Stresses Flexible Economic Policies for India's Growth and Employment

Days before the Union Budget, Road Transport and Highways Minister Nitin Gadkari emphasised the need for flexible economic policies to foster growth. Speaking at the launch of "Made in China," a Marathi book by Loksatta editor Girish Kuber, Gadkari highlighted the importance of a socio-economic model that can generate jobs and reduce inequality.

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Gadkari noted that China is experiencing rapid changes, with many countries hesitant to engage in business with it post-COVID-19. He pointed out that China is facing a recession-like situation, leading to the closure of numerous companies. "One thing we can learn from China is that before becoming socialist, communist or capitalist, we should become an economy which can create employment, remove poverty and reduce economic and social disparity in society," he said.

Focus on Employment and Poverty Reduction

India requires a socio-economic framework capable of generating employment, alleviating poverty, and reducing disparities, Gadkari reiterated. Recalling a meeting with the Chinese president during his tenure as BJP chief, Gadkari shared that the Chinese leader emphasised their commitment to national development, irrespective of ideology.

Gadkari stressed the need for flexibility in India's economic policies to eradicate poverty, attract investments, and create jobs. He also underscored the importance of focusing on agriculture, rural areas, and tribal sectors. "Atmanirbhar Bharat cannot be created if rural and tribal sections of population remained poor, without employment and if their per capita income remained low," he added.

Technological Advancements and Global Competition

To compete with China, India must prioritise quality and cost-effective production. Gadkari expressed confidence in India's ability to rival its neighbour technologically. He mentioned that India’s automobile sector now ranks third globally, behind the US and China.

Gadkari shared an interaction with the chairman of Mercedes in Pune. The chairman revealed plans to manufacture electric vehicles in India. This move signifies India's growing potential in the global automotive industry.

The minister concluded by reiterating the necessity for India to adopt flexible economic strategies to foster growth and reduce disparities. By focusing on job creation and poverty reduction, India can build a robust socio-economic model.