The economy is “bound to fail” if Intolerance grows says Chidambaram

Posted on by Ankita Sharma

P. Chidambaram Kolkata Speech: The Former Finance Minister of India talked about the economy of India and the growing intolerance at length at the conference on ‘25 years of Economic Reforms: Retrospect and Prospects’ in Kolkata on Monday.

Chidambaram Kolkata

“You can not build a prosperous society unless that society is tolerant”

-P. Chidambaram

P. Chidambaram Kolkata Speech on Intolerance and Inequality

While discussing the interrelation of intolerance and the nation’s economy, he said that intolerance can have an adverse impact on the growth of an economy.

“We must create a more humane and tolerant society. Even if India grows, it grows into an intolerant society, where one section will not tolerate the other; where religious groups will not tolerate other religious groups; where caste groups will not tolerate other caste groups, we are bound to fail.”

Further shedding some light on the importance of tolerance, he said that a prosperous society cannot prevail in an intolerant set up where the diversity and pluralism are not accepted. He said that in such a nation the ideology of – “live and let live” cannot exist.

Chidambaram Kolkata

The Former Union Finance Minister expressed regret over the deplorable state of the economy where intolerance has grown over the past few years. He added that it would hinder the prosperity of India. However, there’s still hope for the country to get out of this situation.

“I still see a bright future as we still remain a vibrant democracy. Despite set back we remain an open society with open polity — ideas can still clash, political parties can still clash but we still remain an open economy and if we continue to remain in this path, economy would be even more open”, he added.

He further said that inequality has also grown in past 25 years and the need of the hour is to increase minimum wages.

Well, we would agree that P. Chidambaram’s wise words are to live by. There is definitely a need for instilling more tolerance for nation’s benefit.



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