India: Yesterday, Today & Tomorrow

       India: Yesterday, Today & Tomorrow

                                                                                                 Devendra Gore

From one of the poorest countries in the world with a highly regulated business regime, we seem to be freeing ourselves from the shackles and become a forward looking, growth oriented economy. Poverty is decreasing but at a speed that is far insufficient. We need to bring depth to our reforms proceeds so that it seeps to the poor man in term of education, jobs, as an increases in per capita income etc.

                                                                Some of the things which we have make us great country a vibrant democracy, flexibility, religious tolerance, youthful demography and a great desire to succeed what we still lack is the combined vision on several fronts including infrastructure, anti-corruption drive and competitive positioning. Be it water, electricity roads, ports or airports we need several times improvement over what we have. Corruption is absolutely undesirable but it is everywhere in the world. What we need to follow is the Singapore model that has “Zero Tolerance” for corruption so that it is no longer active and the country gains some respect in global market. On the competitive positioning I personally find that India is much more expensive in everything except labour at the quality purity and we need to work hard to change this situation.

                                                                                  I remember the days when telecom minister used to take pride in the fact that India had the lowest density of phones because it was not possible to provide phones to cores of the people and waiting list used to be years long. After privatizing India become one of the fastest growing markets and it has created hundreds of thousands of jobs, lots of wealth as well  as opportunities in the field of industries something holds good for electricity, water, roads, airports as there is huge need for the same.

                                                             Anywhere in the world , Indian stands out as exceptional people with their Intelligence and work ethics we just need to work on some of the things at our end to make India one of the most competitive and powerful forces in the world.

                                                                                      I believe that our increasing middle class population and its spending power could be a boon to the country rather than a curse if the government truly provides goods governance and improves some of the things that I just talked about.