Ruing
that the debate on corruption against the backdrop of demonetisation
is a throwback to "bad old days" of rich versus poor
discourse under Indira Gandhi, CII President Naushad Forbes said
wealth and dishonesty should be delinked and we should be respectful
of "honest riches". In an interview to PTI, he said the
corruption debate post currency recall has turned into the 'rich
versus poor' narrative. "I think that's wrong. It should not be
seen as a rich versus poor debate. It should be seen as a honest
versus dishonest debate. And the honest-dishonest debate is not
rich-poor," he said. The association between richness and
dishonesty is "very troubling" and a throwback to the days
of the 1970s under Indira Gandhi, he said. Forbes said that India has
moved a long way in the last 25 years from the times when there was
an emphasis only on rhetoric to an emphasis on new economy, and
cautioned that it should not go back to 1970s. "There is this
association, that we sometimes heard, made between richness and
dishonesty which is very troubling. It is a throwback to bad old days
of Indira Gandhi... And the economy that we have moved to in the last
25 years, we should not go back. So the rich and dishonest, these two
words should be delinked," he said. Rubbishing the contention
that rich people are more dishonest than the poor, he said, "We
should be equally respectful of honest riches, as we are of poverty."
Asked what the government should do to disassociate itself from this
debate, Forbes said, "From the government point of view, what
people in policy and politics say, they should also be respectful of
wealth and recognise that this is something people should aspire
for." Asked why he calls it a throwback to 1970s, he said in
those days government was not too impressed with the business class.
"In the bad old days of 70s there was this general perception
that richness was bad, industrialists were crooked... these
generalisations. We have moved away from this feeling in last 25
years and we shouldn't lose it. "So, this rhetoric that somehow
associates richness with dishonesty is very damaging to the country,
we shouldn't go back to the bad old days of 70s," he said. He
said to disassociate from this viewpoint, industry has to emphasise
that there might be a crooked industrialist, but a typical
industrialist is not dishonest. "The typical industrialist is an
industrialist who is working in a honest way to contribute to the
economy and should be respected for the wealth that results. That
wealth in itself is something to respect when it is obtained
honestly. That message is something that we have to work hard on as
an industry," Forbes said.
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