‘Women’s empowerment, infrastructure key for robust economy’
Women’s empowerment and infrastructure development are key factors to ensure a robust Indian economy, according to Netaji Subhas Chandra Bose’s daughter Anita Pfaff.
“A strong trade union is also an advantage for development. If you have higher growth, you always have inequality of income distribution; that unfortunately cannot be avoided,” Dr. Pfaff, who is also the Deputy Mayor of Augsburg in Germany, said here on Thursday.
She was addressing an interactive session on “Global Economy — Future Ahead”.
“India is a global economic player, so it plays a different role [among] the other smaller countries. Global players, by their own action, affect the areas of the world far more fundamentally. Therefore, they have to take into consideration the reaction of other countries. So, this role gives power and responsibilities,” she observed.
Speaking about development models and the growing global economy, Dr. Pfaff said: “When India started 20 years ago, it was not a market economy. People hoped that planning will give stability and faster development but now we know that planning is a complicated method and it did not yield the expected results. On the other hand, market economy by itself is not a successful model.”
On problems India will face in the process of development, she said: “Land is a major resource and in a country like India, which has a growing population, it could lead to crises. There is need to deal with this problem sensitively.”
Referring to the demands for separate a State in the hills of Darjeeling and Telangana, she said: “The demand for separate States that the country is facing is not a practical one. However, ignoring this problem will further lead to more problems.”