'Refer to entrepreneurs in India as wealth creators': FM Nirmala Sitharman

Time of India

31-05-2025

Nirmala Sitharman
NEW DELHI: Finance Minister
Nirmala Sitharaman
on Saturday said that the government recognises entrepreneurs as wealth creators whose ethically earned profits contribute to developmental objectives.
'Wealth creation in India has never been a taboo in India. We promoted wealth creation. We would want wealth creation. That is why entrepreneurs in India, under Prime Minister Modi, we refer them as wealth creators. They are not thieves,' she said at the National Commemorative Seminar marking 60 years of Pandit Deendayal Upadhyaya's Integral Humanism Lectures.
Pandit Upadhyaya, a key figure in founding the Bharatiya Jana Sangh, played a significant role in the formation of the
Bharatiya Janata Party
(BJP) in April 1980.
Sitharaman said ethical profit-making leads to national wealth creation, which in turn supports dignified labour, education, skill development, and overall national progress.
Highlighting Upadhyaya's philosophy, she said planning must focus on uplifting those at the bottom of the socio-economic ladder while preserving their dignity.
She added that the principles of Integral Humanism have been reflected in policies under both former Prime Minister Atal Bihari Vajpayee and current Prime Minister Narendra Modi.
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''Sabka Saath, Sabka Vikas, Sabka Vishwas and Sabka Prayaas' aligns with Upadhyaya's Antyodaya theory,' Sitharaman stated.
She further explained that efforts to alleviate poverty, provide employment, and ensure basic necessities help unlock people's productive potential, thereby enhancing the nation's overall production.
Sitharaman also noted that national defence was a priority for Upadhyaya. Since 2014, she said, Prime Minister Modi has prioritised Aatmanirbharta (self-reliance) in defence manufacturing.
She referred to Operation Sindoor as an example of this shift, contrasting it with previous governments that, she said, often cited a lack of funds as a reason for limited defence procurement.
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