CM pitches for P4 model, AP's new 'norm' for inclusive growth

Visakhapatnam: Stressing the need to ensure that economic growth and wealth creation benefit ordinary citizens, Chief Minister N. Chandrababu Naidu proposed a new model of Public-Private-People's Partnership (P4).

Participating in a fireside chat hosted by journalist Palki Sharma on Day 2 of the 31st CII Partnership Summit in Visakhapatnam, he highlighted structural imbalances in society, pointing to farmers struggling with low incomes despite rising aspirations and educated youth facing a mismatch between their qualifications and available employment opportunities.

Chief Minister observed that while billionaires and trillionaires are emerging on one side, many ordinary families continue to struggle to afford three meals a day, quality education for their children and proper healthcare. He said the existing Public-Private Partnership (PPP) model has helped companies create wealth and infrastructure, but its benefits have not adequately improved the lives of common people. To address this gap, he called for a broader P4 model that makes people's participation and social responsibility central to development.

Under this approach, the Chief Minister urged the top 10 percent of society to handhold the bottom 20 percent and encouraged every well-off individual or family to support at least 10 underprivileged families. He said such collective responsibility would promote inclusive growth, social harmony and sustainability. Warning that widening economic inequalities could fuel resentment against wealthy people, politicians and society, he stressed that wealth creation must go hand in hand with the welfare of the common man.