Growth and development a two-way street: Young

British High Commissioner in India Rob Young on Saturday outlined six aspects of networking (partnership) ‘to remain genuinely producti...

British High Commissioner in India Rob Young on Saturday outlined six aspects of networking (partnership) ‘to remain genuinely productive and sustainable in international terms’ and said ‘growth and development have to be shared process, a two-way street’.

Addressing the Indore Management Association’s national convention with the theme ‘Networking for Growth, 21st Century Compulsions’, Young highlighted the six aspects of partnership.

Young said these six partnerships were globalisation, speed of change, trade facilitation and the WTO, peace and security, ambitions for growth and coalition of cultures.

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Young said: ‘‘globalisation is here to stay. The challenge is to manage it so that it benefits all sections of our societies, and not simply those generating wealth. Everyone has a role to play if we are to achieve the millennium development goal of halving the proportion of people living in poverty and hunger by 2015’’.

Highlighting the role of India in globalisation, he said: ‘‘India should have more self-confidence on the global economic stage as the country has world-beating sectors of information technology and pharmaceuticals. India can be a world leader in many more areas and it should fear the winds of change of competition as it has the ability to compete’’.

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On Govt table: How to help exporters not lose market share due to 50% US tariff

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