Growth rate should be high if benefits of growth are to percolate down to all: Arun Jaitley

Addressing a Conference on Empowerment through Education – ‘Taalim-o-Tarbiyat’ in Mumbai on Friday, Jaitley said post 1991 economic liberalization, the acceleration of growth rate has led to substantial reduction in poverty. 

He said all communities have shown reduction in poverty levels, but added that it is uneven. 

Jaitley said while higher growth rate impacts all, by way of offering economic opportunities, certain minorities have lagged behind and those areas need to be addressed.

He said, while poverty rate among Muslim community has gone down from 52% in 1991 to about 27% in 2011, some communities like Jains and Parsis have overcome the challenge of poverty.

Jaitley said education is the key to improve the conditions faster which would aid conversion of skills into opportunities.

He said Madarasa is an important institution in imparting education for children of Muslim community and complimented the efforts of leaders like Zafar Sareshwala, for blending technology and traditional teachings.

The Finance Minister said the world is facing two kinds of challenges – political and economic.

He asserted that India is on a better wicket on both the fronts. 

“Barring occasional skirmishes, often magnified by media, there are no major incidents in our country. Our society continues to speak in one voice,” he added.

Jaitley asserted that the framers of the Constitution, recognizing the diversity of India, had provided for minority protection and affirmed that government remains committed to the welfare of minorities.

Speaking about economic challenges, Jaitley said amidst global slow down, the Indian economy has managed to register 7 to 7.5 % growth, which is commendable.

He called upon the members of the minority community to empower themselves through education, acquire skills and tap opportunities availing of benefits like MUDRA Scheme and other programmes.

Zafar Sareshwala, Vice Chanellor of the Maulana Azad National Urdu University, and organizer of the ‘Taleem-o-Tarbiyat’ Conference appealed to youth and women of Muslim community to engage with government and take benefits of diverse welfare schemes.

An MoU was signed on the occasion between Maulana Azad National Urdu University and UFO Digital Cinema for imparting English, Maths and Science education through satellite.