"We have built a society all over the world which benefits only the rich," he said, adding that the best brains in the world are busy in solving problems of the rich "as a result problems of the poor do not get the kind of attention one needs."
There is no focus on inclusive growth, Pitroda said in his address to the fourth US-India Energy Partnership Summit.
"As a result enough talent does not go into affordability, sustainability and scalability," Pitroda said, adding that the world now needs a new model of development.
Former US Vice President and the champion of climate change, Al Gore in his address alleged that the present model of developments in countries like India and the US is unsustainable and resulting in growth of inequalities.
"Our measurement of growth, which is our proxy for progress, does not measure the distribution. In India and in the United States inequality is growing rapidly. It (growth) does not measure pollution. We use atmosphere as an open sewer," he said.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
