Wealth creation and economic development

03 FEB,2020 | MEDC


 

With India aspiring to become a $ 5 trillion economy by 2024, the imperative of wealth generation cannot be underestimated. Wealth created by a (socially responsible) entrepreneur correlates strongly with the benefits that accrue to the employees working with his/her firms. As wealth generationoccurs by design, and not by chance, it is importantfor entrepreneurs to get all possible support from government. Essentially, policymakers need to focus on enhancing the ease of doing business in the economy, as that will pave the way to growth and employment generation. Rural wealth creation, in particular, is almost a sure success strategy for sustained socioeconomic development at the national level. That is a much needed policy priority in India today.

*Photo Credit: Google

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