22 September, 2020

Ideals Know No Boundary

Any business has a direct effect on the social condition. In a society such as ours, where the divide between the rich and the poor is gigantic, it becomes the ­responsibility of ­entrepreneurs to act ethically and give back in some way.

Illustration by Sajith Kumar
Ideals Know No Boundary
outlookindia.com
2017-08-11T15:16:40+05:30

There’s a very simple question that lies at the heart of every decision that a business will have to take. If that were the talisman that one always wore, we’ll be adding tremendous value to the lives of people and, quite naturally, enhancing the country’s economic prosperity. By extension, we will, as a business, also grow in fin­ance and in people’s estimation. The question is merely this: Would my action enhance respect for my company and for me in the society? This is, I believe, at the heart of the idealism of capitalism. At this stage in the history of India when capitalism is new, when we see a lot of poverty around us, when 700 to 800 million Indians live with hardly two meals a day, it is incumbent on every leader of capitalism to demonstrate that idealism. I believe that entrepreneurship is the only instrument in our hands to create jobs and put income into the hands of people and make them economically viable.

Many of us may recollect a time when ent­repreneurship and business people were not looked upon in India in the same...

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