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2010-12-22

Entrepreneurs need to be socially responsible: Amartya Sen

Nobel Laureate Professor Amartya Sen at the inaugural session of The Indus Entrepreneurs (TiE) summit averred that “entrepreneurs in India need to be socially responsible.” TiE is a global not-for-pro

Nobel Laureate Professor Amartya Sen at the inaugural session of The Indus Entrepreneurs (TiE) summit averred that “entrepreneurs in India need to be socially responsible.” TiE is a global not-for-profit organization focused on promoting and fostering entrepreneurship through mentorship, networking and education.

According to Sen, India cannot rely on the trickle-down effect alone to alleviate poverty. "High economic growth leads to high growth in public revenue. This gives governments the opportunity to use public fund to do a lot of good things," he said.

Filmmaker Shekhar Kapur who was one of the speakers at the summit, concurred that 80 percent of innovation is not socially just. "Entrepreneurship comes out of nothing, so if we can force entrepreneurship down to the bottom of the pyramid, we can become a truly great nation," Kapur said.

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