Pitroda bets on 8% plus GDP growth

Pitroda bets on 8% plus GDP growth

Advisor to Prime Minister Sam Pitroda, on Thursday, said he was confident that India’s growth rate would continue to be at around eight per cent or more.

Addressing a gathering here through Skype from his New Delhi office, he said: “I believe we (India) will continue to grow at eight per cent and above for more time to come. Technology will be key and I am glad that our young are participating in entrepreneurship.”

He said future depends on generating jobs for the young and not the young taking up jobs. Pitroda was addressing a host of students, companies and representatives of the government of Karnataka participating at ‘Manthan’ a business development event organised by Federation of Karnataka Chamber of Commerce and Industry (FKCCI).

“We will need to generate 10-15 million jobs annually from now on, and the government is not going to generate this. We need youngsters to become innovators and entrepreneurs, even outside the spectrum of telecom and information technology,” he said. The need for innovation, he said, was in healthcare, education among others. He urged the government to simplify procedures to create an ecosystem conducive for entrepreneurship. “India has innovation, but we do not have entrepreneurs, and that is because we do not have such an ecosystem,” he said.

FKCCI President K Shiva Shanmugam said: “Over 140 students had presented 58 abstracts of which 12 were shortlisted.” A Bangalore team’s presentation––Green Cow Feed Additives––was adjudged best.