Nov 16: Satyanarayan Gangaram Pitroda, aka Sam Pitroda, the man behind India’s telecom revolution, has termed the BJP’s Gujarat model as a process that makes the ultra rich richer and the poor poorer.
In an interview, Pitroda said that under the Gujarat model, a few people have become very rich, ultra rich while large numbers of people have become very poor. “Is that the kind of development we want?” he asked.
“There are two ways of growth. One is you give five big industries, lot of support and you create five multi-billionaires and your numbers will look good. But have you really met the needs of the people? At the end of the day, GDP does not matter, people matter. Don’t be fooled by GDP, GNP and wealth creation if larger sections of society don’t benefit from it. Please explain to me what is the Gujarat model if it’s not about making a few billionaires and a few dozen millionaires?” he said.
“In fact Gujarat and India are at the crossroads. The world over, just 2,000 people control a huge amount of wealth and is that the model we want and is that the idea of capitalism you want here? Capitalism means everybody benefits from it. Do you want concentrated capitalism or distributive capitalism?” he asked.
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