Globalisation benefited middle class, says Pai

Globalisation benefited middle class, says Pai

Speaking at a discussion on the sidelines of the Kannada convention, he said foreign investment could boost the country’s economy.

“People won’t get high quality life, if there is no foreign investment. We must invite investment by creating infrastructure,” he said.

Rubbishing the anti-globalisation movement, according to which investment caused more harm than benefit, he said globalisation had benefited the middle class of the country, which had the necessary education and skills.

Pai said globalisation had placed the country among the top 10 economies of the world. He said, “It can make the country one of the three biggest economies, if the poor are educated.” Lack of education would lead the youth to take extremist paths like naxalism, he said, adding the government must permit building of colleges by private players, if it wanted development.

Pai cited the example of French, which has lost its significance due to lack of content in the language. He said Kannada too faces a similar a situation, unless attempts were made to develop content.

When questioned why Infosys had not developed Kannada software so far, he said the company did not feel it was necessary for its business.