Guwahati: Confederation of Indian Industry (CII) Startup Council chairman and Infosys co-founder Senapathy Gopalakrishnan on Thursday said that India is looking forward to becoming a five-trillion economy in the next five to seven years.
Addressing a special plenary session for the startups organised by the CII as part of HR Conclave 2019 in Guwahati, Assam on September 5, Gopalakrishnan — popularly known as Kris Gopalakrishnan — informed that the county has witnessed a growth in the economy from 600 billion dollars to 2.5 trillion dollars in the past 25 years.
Further, he informed that the per capita income of the country has also observed a five-time growth in the recent years. With this growth speed, Goplakrishnan expressed that the country will soon be included in the list of middle income level countries with an average income of 5,000 dollars in every household.
Highlighting some of the problems that is restraining substantial growth the country faces today, the Infosys co-founder said that quality of life is one such issue that is being faced in most of the major cities of the country today. He said that there is a disproportionate in development today affecting the quality of life, as people from Tier 3 cities move to Tier 1 cities for job and business opportunity, hence the growth is not inclusive in all cities.
Pointing out another problem hindering the course of development of the country, the CII council chairman informed that unemployment is another area of concern as bulks of job are being created at lower spectrum of the Industries such as labours in manufacturing and workforce in retails services but it is imperative to improve the situation by engaging people more in medium and high skilled work and leverage the technology for business growth.
“In order to fully leverage the technology, industries need to upgrade the skill of its people”, he added.
Meanwhile focusing on Northeast India, Gopalakrishnan reiterated that improvement of internet connectivity is required to leverage technology in the region.
Suggesting that people, government and industries should come together in helping each other in the process of development, the Infosys co-founder informed that CII has committee and councils to assist entrepreneurs in getting training and skill development, but the ownership must come from the people.
The recently held CII HR Conclave 2019 was also attended by officials from Northeast Frontier Railway, Brahmaputra Cracker and Polymer Limited and Indradhanush Gas Grid Limited, among many others.