Nation’s wealth should be distributed equally to all, says KT Rama Rao

Hyderabad: Stressing on the need to distribute wealth of the nation equally among all sections, Industries Minister KT Rama Rao said politicians need to focus on economics and not on politics.

India is in a perennial mode of elections and politicians were always focused on winning the elections than creating wealth for the next generations, he said while addressing at the NHRD ‘Decode The Future- The National Conference’ here on Thursday.

India was the most populous country in the world and yet a majority of the wealth of the nation was owned by a few individuals, he pointed out.

“We need to think whether the leadership of our nation is giving us the aspirations of being a 25 trillion economy, besides how the wealth can be distributed equally among all sections,” Rama Rao said.

Prime Minister Narendra Modi says freebie culture is bad for our country, but one should remember the fact that India is still a third world country, he said.