New Delhi, Nov 20 (UNI) Exuding confidence that India is capable of turning the current economic challenges into an opportunity to take a 'giant leap', BJP's Prime Ministerial candidate L K Advani today said an enduring prosperity could only come by developing the real economy -- agriculture, manufacturing and service sector in an integrated manner.
Addressing a delegation of business leaders who called on him at his residence, Mr Advani said the current crisis had roots in the 'failed' Western economic model, where the unreal economy had destroyed the real economy and they were asking others to follow.
''India can't attain prosperity by boosting speculative instincts. A country can't rise as an economic power when its farmers commit suicides in a large number. A real and enduring prosperity can come only by developing the real economy including small, medium and big industries and financial sector,'' he said.
One had to take care of the needs of everybody and everything in the economy, social and eco-system, he added.
He stated that he was concerned about the economic slow down when all sectors of the economy were in deep trouble. '' My heart goes out to people in construction sector as most of them are migrants who have lost their jobs and could not go back to their villages,'' the BJP leader added.
He said this scenario was not limited to poor but people across all economic spectrum, who had seen dip in their wages and incomes.
When prices go up and incomes come down, people tend to cut down on expenditure on even essential items. '' This would not just result in airlines flying lesser number of flights but affect even rikshaw pullers in towns and cities,'' he maintained.
The BJP's prime ministerial candidate further added, '' I am concerned about the health of the airlines and also the well being of poor people. What is required is a fire fighting approach and a systemic correction going through the roots of illness dogging the economy nearly two decades after the end of the cold war.'' MORE UNI MCN KK KN1905