P4 model will fuel inclusive growth in AP: CM Naidu

Visakhapatnam: Stressing the need to ensure that economic growth and wealth creation benefit ordinary citizens, Andhra Pradesh Chief Minister N Chandrababu Naidu said that he had proposed the new model of public-private-people's partnership (P4). In a fireside chat hosted on the day-two of the 31st CII Partnership Summit in Visakhapatnam, the Chief Minister 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.

Even as billionaires and trillionaires are emerging on one side, the Chief Minister noted that 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 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. Under this approach, Naidu urged the top 10 per cent of society to handhold the bottom 20 per cent and encouraged every well-off individual or family to support at least 10 underprivileged families. He emphasised that 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.

Naidu recalled how he worked towards bringing revolution in the power sector decades ago.

Amidst ongoing wars and rising geopolitical tensions, the Chief Minister emphasised how powerful leadership makes a positive impact. With India having a democratic advantage plus the powerful leadership of Prime Minister Narendra Modi, Naidu expressed confidence that if resources are utilised appropriately, India is certain to become ‘unstoppable’ in terms of economic growth and holistic development.

When asked about job cuts due to the advent of AI, the Chief Minister responded, "On the positive side, AI is enabling improved decision-making in various fields such as health, agriculture, marketing, among other key areas. In future, more jobs are going to come up. AI may initially disrupt employment, but it is certain to create new job opportunities in alternative sectors, just as the IT revolution did,” the Chief Minister assured.

As China became the manufacturing powerhouse, Naidu said the shift in India too is quite apparent and the focus is on enhancing not just the manufacturing sector but also other areas as well. "In two more decades from now, which is considered quite crucial, India is likely to equal or beat China in multiple sectors," Naidu stated.

About concerns raised over water and power scarcity due to mushrooming data centres in the region, the Chief Minister stated that efforts are already underway to get water from Polavaram and increase the present water capacities. Likewise, he gave confidence that renewable energy will be tapped to meet growing power needs.

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Rani Devalla

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Rani Devalla is an experienced journalist specialised in a range of beats. From crime to politics, health to human interest, education to defence along with entertainment and feature stories, Rani Devalla, an accomplished writer with a passion for exploring diverse genres, has been reporting for the past 14 years. Serving as Bureau Chief of The Hans India in Visakhapatnam, Rani Devalla contributes to the organisation's editorial department through daily reporting, special stories and feature stories. After completing B.Com, Rani Devalla pursued Masters in Human Resource Management. Prior to joining The Hans India, Rani Devalla worked as a Principal Correspondent with The Hindu Group for six-and-a-half years. With rich expertise, she brings diverse perspectives to her reporting that makes her narratives stand out. When not immersed in writing, the journalist spends time reading, travelling and journaling.

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