Dis­cus­sion on econ­omy good for democ­racy: Naidu

‘The steps to­wards eco­nomic trans­for­ma­tion will HAVE MANY BEN­E­fi­CIAL EF­FECTS IN THE FUTURE.’

The Sunday Guardian - - & Comment Analysis - IANS IANS

NEW DELHI: Vice President M. Venka­iah Naidu said on Fri­day that the on­go­ing dis­cus­sion on man­age­ment of econ­omy was good for democ­racy and noted that there will be some ini­tial hic­cups in the process of any trans­for­ma­tion.

Naidu, who in­au­gu­rated the In­ter­na­tional Con­fer­ence on Tech­no­log­i­cal Ad­vance­ments in Rail­way and Metro Projects 2017, said that steps to­wards eco­nomic trans­for­ma­tion will have many ben­e­fi­cial ef­fects in the future.

“The dis­cus­sion which is go­ing on our econ­omy is al­ways good for our democ­racy. But at the same time, we need to un­der­stand the ex­pe­ri­ence. If some trans­for­ma­tion or any re­for­ma­tion is go­ing on, there will be some ini­tial hic­cups.

“But at the end of the day, it will help. A rev­o­lu­tion­ary re­for­ma­tion is tak­ing place in the coun­try. In future there will be a very happy sit­u­a­tion with such a mas­sive trans­for­ma­tion tak­ing place,” he said.

He also said that ur­ban­i­sa­tion was tak­ing place at a rapid pace in the coun­try and the need for ef­fi­cient and cost-ef­fec­tive trans­port was crit­i­cal.

The Vice President said that new con­cepts such as “Tran­sit Ori­ented De­vel­op­ment” should be pro­moted which will im­prove the lives of peo­ple liv­ing around the metro sta­tions in a big way.

Not­ing that the In­dian Rail­ways is es­ti­mated to be the third largest rail­way sys­tem in the world in the next five years ac­count­ing for 10% of the global mar­ket, Naidu called upon it to plan ex­pan­sion very metic­u­lously tak­ing into ac­count in­no­va­tive prac­tices avail­able across the globe.

Naidu ex­pressed hap­pi­ness that in­ven­tor of Ma­glev, also called mag­netic lev­i­ta­tion train, was at the event, say­ing the tech­nol­ogy will help im­prove safety and se­cu­rity and en­hance the qual­ity of travel.

M. Venka­iah Naidu

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