`Growth sans equity will be self-destructive'

One is valued for what one has rather than what one is, says Guntur Bishop

Staff Reporter

GUNTUR: Economic growth that does not carry with itself the idea of social equity will always be self-destructive, said the Bishop of Guntur Diocese, Gali Bali.

Speaking at a seminar on `Emergent Indian Economy' conducted by the Christu Jayanthi Jubilee Post Graduate College here on Thursday, he said that adopting of market-based economies have resulted in the widening of gap between developed and developing countries.

The race for more acquisitions and more consumption had resulted in a situation where a person was valued for what he had rather than what he actually was, he said. Later, Dr. Gali Bali formally inaugurated the Master of Business Administration (MBA) course in the college.

More job opportunities

The Minister for Cooperation and Transport, Kanna Lakshminarayana, said that many employment opportunities for the youth, with potential to earn high salaries, was the most visible feature of the emergent Indian economy.

There was a dramatic change in the economic policies adopted by the Government during the last few years.

The three prime ministers, Rajiv Gandhi, P. V. Narasimha Rao and Manmohan Singh had laid the foundation for the policy of liberalisation, privatisation and globalisation (LPG) in India, said the economics and business management professor of Acharya Nagarjuna University, T. Umamaheshwar Rao.

`Better managers'

The national seminar was an attempt to draw the best ideas from all over the country, said the principal of the college, G. Lawrence Amalraj.

The course offered at the college was aimed at producing better managers, with emphasis on improving their soft skills.

Industrial visits by the students and lesser involvement of teachers to encourage self-discovery by the students were the features of the course, he added.

The professors from Loyola Institute of Business Academy Chennai, P. Christy and Victor Louis Anthuvan were also present.

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