Inclusive growth is key for prosperity of every country. There is a shift in thinking of all leaders from different countries in recent years towards inclusive growth rather than simply growth of economy with industrialisation.
In order to achieve that, small-scale enterprises should be encouraged to raise employment levels, which will help in upliftment of all sections of country, is one among the key aspects decided in the B20 summit that was held in Los Cabos, Mexico last month, said Ramesh Datla, noted industrialist and Director, SBH, Hyderabad.
Datla, who represented the country from SME segment, stated that the summit has agreed upon decreasing corruption by bringing in transparency and by sharing information. Green growth was also an important topic of discussion in the summit for long-term sustainability. The summit discussed to have a holistic view on green growth by educating and training businesses by having tie-ups with the universities.
Enabling affordable broadband connection to every corner of the country by removing any restrictions and reducing taxes will empower the common man. The task force of the summit recommended the countries should double the percentage of people in each G20 country who have affordable access to the Internet. The countries should also develop content and applications for public good and social inclusion through information and communication technology.
About 70 per cent of the recommendations by B20 summit is included in the G20 note. The respective governments in these countries will include these points in policy framing and taking the country forward, he added.