India needs to strive for greater economic prosperity to eradicate backwardness and poverty, President Pranab Mukherjee on Friday said, asserting that development of industry is central to this progress. He also said that companies must examine how ethical their actions are and how fair are their practices.
“Development of industry is central to economic progress. The success of our industrial sector depends on the efficient use of our resources including labour as much as the productive use of capital,” Mukherjee said at the World Confluence of Humanity, Power and Spirituality organised by industry body Assoch am.
He said it is necessary to infuse the culture of hard work, sincerity and dedication in the workforce and this is where spirituality has a role to play. A happy and satisfied workforce is the key to a healthy industrial eco-system, he added.
“At the organisational level, companies have to look at how they are upholding their values. How congruous are their actions with regard to what they espouse as their valuesIJ How ethical are their actions and how fair are their practicesIJ What behaviours in their employees are they rewardingIJ,” the President said.
Organisations have to ensure that their culture, the way they do things, promotes a spirit of inclusion and collaboration, he said, adding that working towards self- actualisation has to be a way of life for the employees.