‘Wealth is getting concentrated in the hands of some rich, poor are increasing’: Union Minister Gadkari
NEW DELHI: Union minister Nitin Gadkari on Saturday expressed concern over the “rising” number of poor, and said wealth was getting concentrated in the hands of some affluent people.
There is a need for decentralisation of wealth, Gadkari said during an event in Nagpur, where he touched upon a range of issues, including agriculture, manufacturing, taxation and public-private partnerships in infrastructure development.
“Slowly the number of poor people is increasing and wealth is getting centralised in the hands of some wealthy people. It should not happen,” the Road Transport and Highways”We are looking at an economic option that will create jobs and (give a boost to the) growth of the economy. There is a need for decentralisation of wealth, and many changes have happened in that direction,” he said.
The senior BJP leader also credited former prime ministers P V Narasimha Rao and Manmohan Singh for adopting liberal economic policies but cautioned against unchecked centralisation.
“We have to be worried about it,” he added.Referring to India’s economic structure, he pointed out the imbalance in sectoral contributions to GDP.
“Manufacturing contributes 22-24 per cent, services 52-54 per cent, while agriculture, despite engaging 65-70 per cent of the rural population, contributes only around 12 per cent,” he said.
Invoking Swami Vivekananda, Gadkari said, “Philosophy cannot be taught to someone whose stomach is empty.”Talking about the infrastructure development, Gadkari highlighted his own initiatives in the transport sector.
“I was the one who started the Build-Operate-Transfer system for road construction,” he claimed.
There is no shortage of funds for road development, he added.
“Sometimes I say I do not have a fund crunch but I have a shortage of work,” Gadkari said.
“Now, we earn nearly Rs 55,000 crore through toll booths and in the next two years, our income will go
He highlighted the evolving role of chartered accountants, Gadkari said, “CAs can be the growth engines of the economy. Our economy is changing rapidly. It is not only about filing income tax returns and GST submissioI am not accepting money from foreign countries like Canada or the US. I will build roads from the money raised from the poor people of the country,” he said, adding that the share which was at Rs 100 has now jumped to Rs 160 and people will get nearly 18 to 20 per