Kolkata, Sept 23 (Calcutta Tube/IBNS) President Pratibha Devi Singh Patil on Wednesday stressed that rural economy must be integrated into the mainstream with other sectors of the economy, as two-thirds of the population lived in rural areas sharing less than one-third of the country’s Gross Domestic Product (GDP).
She also stated that agriculture in India needed a fresh approach to enhance its productivity and profitability.
The President was delivering her inaugural address at the 37th National Management Convention organized by the All India Management Association (AIMA) here on Wednesday.
Patil said development and modernization of rural India was a must to ensure India’s rapid yet inclusive growth. Increased corporate investment in agriculture sector could offer a new frontier of growth in rural areas.
The President said: “Even as India reached new milestones in its economic growth, we needed to address challenges such as climate change, carbon emissions and our depleting natural resources.”
She advocated use of alternative energy sources that produced fewer emissions.
The President was of the opinion that investing in alternative natural sources of energy such as wind, water and sun was a huge opportunity waiting to be harnessed.
Patil called for a ‘trust-based’ relationship between government, organizations and society at large for corporate India to become a credible partner in India’s progress.
“Business is for profit but it can not be divorced from ethics,” Patil said.