Economic Nationalism is quintessentially fundamental to our economic growth; import only what is unavoidably essential, stresses the Vice-President
Economic Nationalism is quintessentially fundamental to our economic growth; import only what is unavoidably essential, stresses the Vice-President
The Vice-President of India, Shri Jagdeep Dhankhar today drew attention of trade and industry bodies to the “ill-effects of not subscribing to economic nationalism”. Terming economic nationalism as “quintessentially fundamental to our economic growth”, the Vice-President called for importing only that which is “unavoidably essential”, to prevent the drain of India’s foreign exchange, loss of employment opportunities for citizens and impediments in growth of entrepreneurship.
Economic Nationalism is quintessentially fundamental to our economic growth.
We need to be ‘Vocal for Local’. It is a facet of Aatmanirbhar Bharat!
It reflects the essence of स्वदेशी आंदोलन, of our freedom struggle.
We must import only what is unavoidably essential.… pic.twitter.com/k1PLQIOAVT
We should be alive to the ill effects of not subscribing to economic nationalism.
Apart from an avoidable, astronomical drain of foreign exchange, it also cuts into our employment opportunities.
By importing items that can be made here, we are depriving our countrymen of work,… pic.twitter.com/hxlkUJ4EbD
World over, research and development is fuelled, financed, promoted sustained by industries. We lack it here.
Let us take a big step in that direction, let the corporate leadership also engage in it.
While it is good to provide financial assistance to universities outside, it… pic.twitter.com/Qp3yHNL6f0
Highlighting the need to be “Vocal for Local”, the Vice-President said that this spirit was a facet of ‘Aatmanirbhar Bharat’, and reflected the essence of the ‘Swadeshi Andolan’ during India’s freedom struggle. Addressing the Bharat Startup and MSMEs Summit at Dr. Ambedkar International Centre in New Delhi today, he lauded the effective performance of India’s MSME sector, and noted that it was “bringing about transformational change in tier 2 & 3 cities and in villages.”
The MSME sector is highly impactful. Its performance goes far beyond the perception of it in urban locales!
It is bringing about transformational change in tier 2 & 3 cities and in villages.
Hand-holding these entrepreneurs will help them optimise performance, apart from being… pic.twitter.com/if2gSjclf2
Underlining how “affirmative governance coupled with ease of business policies and initiatives have helped in flourishing of entrepreneurship and spirit of innovation” in the country, the Vice-President called for hand-holding entrepreneurs to help optimise their performance. He also emphasised how startups and MSMEs play a key role in ensuring a “plateau-type” rise for a democratic nation like India, so that all segments of society are uplifted equitably.
A pyramidical rise is not suited to a democratic nation.
We must have a plateau type of rise so that every segment of the society rises!
We need verticals for sure, but horizontals are important. Startups and MSMEs play this great role. @phdchamber pic.twitter.com/fNuKqNNaEG
Cautioning against the export of raw materials without value addition, Shri Dhankhar stated that the twin advantages of job creation and rise of entrepreneurship within the country that flow from such value addition should not be sacrificed for the apparent ease of revenue it provided. “That money may be easy for the individual, but it is very painful for the nation,” he underscored. “By adding real value, we can contribute greatly to the national economy,” the Vice- President further added.
The export of raw materials without value addition is an aspect that needs attention of trade and industry.
Adding value to raw material will create jobs, and contribute to the rise of entrepreneurship.
We sacrifice these twin advantages that can constitute the spinal strength… pic.twitter.com/1OnLCcgR0z
Appealing to corporate leaders to engage with research and development in the country, the Vice-President noted that “world over, research and development is fuelled, financed, promoted and sustained by industries, but we lack it here.” Urging corporates to “take a big step in that direction”, he said, “While it is good to provide financial assistance to universities outside, it is also important to bestow attention on local universities and academic institutions.”
World over, research and development is fuelled, financed, promoted sustained by industries. We lack it here.
Let us take a big step in that direction, let the corporate leadership also engage in it.
While it is good to provide financial assistance to universities outside, it… pic.twitter.com/Qp3yHNL6f0
Shri Sanjeev Agrawal, President, PHDCCI, Shri Hemant Jain, Sr. Vice President, PHDCCI and other dignitaries were also present on the occasion.