Despite good growth our economy can’t give enough jobs: K Gopalakrishnan

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Kharagpur | Published: July 31, 2016 5:41:48 PM

Infosys co-founder K Gopalakrishnan today said although Indian economy is growing well but we have failed to provide enough jobs.

Addressing students at the IIT Kharagpur convocation here he said of late, especially after the meltdown of financial sector in 2008, the world is seeing increase in income disparity. (Source: Reuters)

Infosys co-founder K Gopalakrishnan today said although Indian economy is growing well but we have failed to provide enough jobs.

Addressing students at the IIT Kharagpur convocation here he said of late, especially after the meltdown of financial sector in 2008, the world is seeing increase in income disparity.

“India is less affected since we have an economy that is still growing strongly. But we are not seeing large number of good, well paying jobs being created,” Gopalakrishnan said. Describing the issue as “troubling”, he said we need to find solutions to this challenge.

He also warned budding engineers against the harmful side effects or uses of some of the technologies and innovations. Giving the example of driverless vehicles he said if they are used without proper safeguards or if they are used for destructive purposes they can cause immense harm.

“It is important for scientists and engineers to study the negative aspects of technology fully before the technology is deployed in large scale,” said the philanthropist and Chairman of Axilor Ventures.

Stating that we are at the beginning of the fourth industrial revolution, he said new and emerging technologies like the ‘Internet of Things’ are going to change the world in the next 30-50 years.

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