VP Naidu: ‘Need to increase purchasing power of labourers, farmers; Prepare workers for 4th Industrial Revolution’

New Delhi: Vice President M. Venkaiah Naidu said yesterday that labourers and farmers contribute to the economy not only through their hard work, but they also create demand in the economy as consumers. Therefore it is necessary to increase their purchasing power to give a further fillip to their inclusive development, he said.

Addressing the 100th Birth Anniversary function of Dattopanth Thengadi in New Delhi on 13 November, Naidu called for equal distribution of resources to create a stable and inclusive economy. Concentration of wealth in few hands leads to an imbalance in the economy and resentment in society, he said.


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Dattopant Bapurao Thengadi was a Hindu Ideologue and trade union leader from Maharashtra. He founded the Swadeshi Jagaran Manch, the Bharatiya Mazdoor Sangh, and the Bharatiya Kisan Sangh. He died in 2004.

Highlighting that both capital and labour are important for wealth creation, the Vice President called for cooperation and harmony between the two. He also called for respecting every person who contributes to wealth creation, be it worker, manager or investor, as all of them have important roles the production chain.

Citing Mahatma Gandhi’s concept of Trusteeship, Naidu said that wealth is not for individual luxury, but rather collectively owned by the community and should be used for the welfare of public.


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On global economic changes, the Naidu said that in tandem with the global economy, India is also changing its economy. New legislative architecture is being created for a transparent, sustainable, efficient, high growth inclusive economy, he explained.

Noting that India has the third largest pool of startups, Naidu tweeted:

“We are steadily climbing up the ladder of Ease of Doing Business Global rankings. We are witnessing constructive disruptions in the economy. Their adverse impact on the economy will only be transient before economy regains a high growth trajectory.”


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Calling Thengadi a great intellectual and Karmayogi, the Vice President lauded that he built a powerful nationalist trade union in the country. “It is remarkable that he never called for a bandh or indulged the trade union in violence,” he said.

Speaking of the Fourth Industrial Revolution, Naidu called upon trade unions to prepare workers and farmers for this new challenge. “Institutions like Bharatiya Mazdoor Sangh and Bharatiya Kisan Sangh should spread awareness about various Government programs and train workers and farmers in new technologies,” he said.


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Naidu also tweeted about Thengadi:

Citing Thengadi as an inspiration, Naidu said that for him nationalism was about taking the views of all sections and their interests into account. “He never believed in class hatred and class wars and rendered irrelevant the very notion of class itself,” he said.

Lauding various organisations created by Thengadi, such as Akhil Bhartiya Grahak Panchayat, Bhartiya Adhivakta Sangh and Sanskar Bharti, the Vice President said that democracy should not merely remain limited to casting of votes. Rather, people should be actively involved in national affairs. Such organizations help in giving a constructive voice to people’s aspirations, he added.


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The ID Staff

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