Industry doyen Ratan Tata on Wednesday warned that "absence of strong unified ideological construct in Parliament" would hinder the impressive growth.
NEW DELHI: Industry doyen Ratan Tata on Wednesday warned that "absence of strong unified ideological construct in Parliament" would hinder the impressive growth momentum, while expressing concern over large scale economic disparity.
Tata, under whose stewardship, India's numero uno group is on an expansion binge including through large scale global acquisitions, told on the occasion of Independence Day: "In its 60th year, clearly India's time has come.
"The country is now universally recognised as a nation on the move and takes its place amongst the successful economies of the region."
Still Tata felt: "One must recognise that great disparity still exists and a large portion of population survives at or below subsistence levels, while a smaller more fortunate segment enjoys wealth and well-being.
"One must also recognise that the absence of a strong unified ideological construct in Parliament, deprives the country of unified direction, singleness of purpose and often hinders the momentum of growth."
Recounting India's journey since independence in 1947, Tata congratulated the nation for the great success story that has seen the nation transforming from a controlled to a market driven robust economy.
Emphasising on the need to "unite to make a united India free of communalism and casteism" Ratan Tata, said: "We can be a truly great nation if we set our sights and deliver to the people, the fruits of continued growth prosperity and equal opportunity."
Credited for the largest ever global acquisition by an Indian company -- Tata Steel's takeover of Anglo-Dutch firm Corus early this year -- Tata said: "Time has come to move from small increments to bold large initiatives... time has come for performance to be measured for allocated funds of the government to reach the people for whom they are intended."
Exuding confidence in the 'enormous' future potential of the economy, he said India could be truly a great nation if such high goals were set, which were earlier not seen to be possible, and if the nation was made a land of equal opportunity for all.
Recounting the growth journey, Tata, working at a feverish pitch to come out with a people's car by next year at a price tag of Rs one lakh, said the famines of India's early years have been converted to food surpluses. Literacy levels have risen, entrepreneurship in big, small and medium enterprises has flourished.
"And throughout this period (60 years), the country has enjoyed free and fair elections which have thrown out governments and ushered in new governments."
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