Compete and get ahead of China, US.
To be No 1 in the world, we need to be the best in all aspects. We must be prepared to compete with countries like China and US. It is matter of shame to hear that China is far ahead of India. Why it should be. Why we are not at par if not ahead. We have everything – talent, resources, man power. We have the potential but what is keeping us behind is our callous attitude. We are not focused and making spirited effort to be the best. When China can produce low cost goods and sell all over the world, why can’t we. We have to boost our exports. The only advantage that we had over China was English language but that might not be any advantage in near future. Time does not wait for anyone. We are taking too long in learning and doing things. We must immediately focus on following to become prosperous and developed.
1.
Productivity & exports – Without meaningful
productivity and rise in exports we should not dream of getting prosperous.
Unfortunately real productivity is lacking in India. We should not rely only on
exports of natural resources or food items. We must focus on industrial
productivity, produce low cost high quality products and find new markets for
them. We should be doing this successfully better than China if we want to grow
as a nation. Innovation is the key. For this our manufacturers must apply
wisdom and see how they can introduce innovations in their products. Their
products must appeal to people. The focus of application must be to bring out
products to make people's life easier and better. At the national level we must promote small scale industry and cottage industry to have strong and homogenous economic foundation and sustainability. Export should also focus on knowledge based and service based industry.
2.
Good investment – We must welcome good investment. It
should be done in a way that country’s interests are not hurt. In addition
investment should spur infrastructure and local industry’s productivity. There
must be caution when it comes to investment. One must not forget investment is
like a loan. It can be good or bad. There is always a cost attached. Investors
put in money to earn therefore investment must be invited with caution which
should not damage local business and should not increase cost of living because
both these will hurt local population and long term growth of nation. Similarly
India must make good investments in upcoming zones around the world.
3.
Cut wastage and losses – It is a must. The expenditure
must be lowered, wastage & losses cut. Here comes the role of corruption
which is no less than termite eating up all.
4.
Cut taxes & regulations – Business cannot thrive
until given right atmosphere. Government must cut taxes and excessive
regulations to help boost the productivity.
5.
Infrastructure – This is the foundation of industrial
growth. Therefore sufficient development of infrastructure must be done to help
industrial growth. Luxuries should be low in priority.
6.
Research and development – Big mistake if we do not
make this our priority. To be leader in industrial growth we need research and
development. Why we are not winning Nobel prizes?
7.
Tourism - This sector is untapped and has enormous
potential. If aesthetically developed and marketed, this can bring in big money
in least possible time.
8.
Rural growth - Big part of India lives in villages.
Missing out on rural development will be another mistake. Organized farming
along with better rural infrastructure and connectivity is a must for India
now.
9.
Human growth – The core of growth is human growth.
Until we have best healthcare, best education, sound law & order, social
security all efforts towards prosperity and development would go waste.
India should no longer remain a sleeping giant. We have slept a lot. It is time now to be awake and get our acts together.
