Is the Indian growth story a reality or a concoction of various reports compiled together to reach a figure which is ambiguous? Is the India Shining picture a true one or a creation of people with vested interests? These are some of the issues which were addressed during an interesting first session by K.V. Kamath, Chairman, Infosys and non-Executive Chairman of ICICI Bank. Speaking at the 16th Wharton India Economic Forum today, Kamath said that the true picture of India’s growth will only emerge if we get a clear report on all the sectors of the economy. The unaccounted-for money also needs to be accounted for, he added. Delving into the past for a bit, Kamath said that the future lies in building a successful social and physical infrastructure in India, thus ensuring healthcare and education needs of all Indians. “Vocational training and skilled labor are the need of the hour and one cannot exist without the other. Skills need to be taught from an early age-say, high school. The workforce has to be skilled in order to ensure better productivity. When we meet the aspirations of a large number of Indians, across states and regions, then we can ensure proper growth will take place in the economy,” said Kamath. “As India Inc. scales up, there will be an increasing need for people with the right skills. That is an area of concern that needs to be addressed urgently,” he added. He gave the example of the IT sector, where such an exercise has already begun.
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