Source: News Bharati English18 Nov 2016 11:33:36

New Delhi, November 18: The government’s demonetization drive has resulted in hardships for the people paying money. This drive aims at an effort to clean up black money in the economy for the development of India. The whole nation is in support to fight against black money. One of them is the founder of Microsoft Company Bill Gates who praised PM Modi’s move to demonetize high-value currencies.

While speaking at the second lecture series of Niti Aayog on transforming India, Bill Gates, said that demonetization will help to achieve transparency in economy. He also spoke on various issues ranging from technology to health, education etc.Embeded Object

After the surprise announcement of PM Modi to demonetize the currencies of 500 and 1000 the nation has stirred up economically. “The Prime Minister’s bold move to demonetize high-value denominations and replace with new notes with high security features is an important step to crush down India’s shadow economy, “Gates said.

Being a believer of technology, he said addressing the challenges India is trying to head towards global development. If India focuses on the right things, it will improve the human condition at a scope and scale never witnessed before.  

Considering health issues in India, Gates said that About 44 million children under the age of 5 are stunted, that is nearly four of every 10 children. Besides the huge toll this takes on children and their families, malnutrition takes a toll on the economy. There are states that have made great progress, but there also are regions where malnutrition is the norm, not the exception. If malnutrition is unaddressed, it will cost the Indian economy approximately US $46 billion by 2030.

Speaking on Agriculture he said “India has made amazing progress through Green Revolution, but it has challenges with growing population as well as climate change. Addressing these challenges and achieving the government’s vision of doubling farmer’s income by 2022 will require advances in science and technology to produce boost in productivity.”

He also highlighted the issue of sanitation saying that it is one of the disease burdens on India. The ineffective treatment and disposal of human waste contaminates India's scarce water resources. The Prime Minister has drawn attention to this long-neglected issue by launching the Swachh Bharat Mission (SBM). The program has ambitious goals and the country is making commendable progress. But solving the sanitation problem will require technology innovation to move on from outdated, resource-intensive solutions that require large-scale underground networks and treatment plant.