Tharman Shanmugaratnam, Senior Minister, Republic of Singapore delivered the third Suresh Tendulkar Memorial Lecture titled Broad-based Prosperity: Tackling the Fundamentals. Tharman focussed on problems and challenges in social and economic transformation that are critical to achieve broad-based prosperity. He further emphasised that both social and economic transformation should go hand in hand. Jobs growth and productivity growth were emphasised as prerequisites for social transformation. In the context of India, he highlighted the need for structural reforms in the areas of human capital and developing cleaner and smarter cities. On human capital, he noted reforms on education, health care, skill matching and labour market reforms. He also noted that new cities could serve as crucibles of inclusive growth. He highlighted that fintech and green finance could play a critical role in achieving inclusive growth and broad-based prosperity.
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