India is on the rise on economic front, it’s a major growing economy. India post 1947 surpassed many phases from planning –Nehru era, to major revolutions in Agriculture, Milk, IT and to economic liberalization. Today India is a major pacific power with stable macroeconomic credentials, geopolitical stability, rule of law and modern apex institutions. In the stage of AmritKaal, India needs a comprehensive and holistic vision to calibrate the India of 2047 and hence celebrating 100 years of people’s power in world largest democracy. 100 years of India- is a view of developed India in almost all terms- trade, human development, military and economic powerhouse. India needs people and citizen centric governance and vast digital public infrastructure to empower people with major services like education, finances, health and business enterprise etc. Indian growth story is robust and participative.
Sectors like pharmaceuticals, BPM, IT/ITES and others have shown good growth. India should focus on trade surplus with China and USA, as both are major trading partners. India’s foreign trade policy should focus on key sectors of growth, international market expansion and development and S&T transfer leading to holistic development. AmritKaal needs an overall road map for businesses, exports, imports, bilateral agreements, international treaties and international alliances to foster sustainable growth. Role of institutions like RBI, SEBI, NCLT, CCI, BIS, IRDA, PFRDA etc would be crucial for Indian businesses and major investments to blossom on Indian land on merit and equity.
Guiding Principles of Reform, Perform and Transform
Indian government’s mantra of Reform, Perform and Transform is key to sustain the tide of business progression. Time has changed since 1947, WTO today has hundreds of members, and World Bank has a motto of poverty alleviation and loans development projects. Much needed institutional reforms must be done to increase private investments and private sector led development. Ease of doing business is all what many companies look at. Single window clearances and digital public services pathways should be encouraged.
National Direction and National Vision 2047
Lots need to be achieved and mammoth amount of work already has been done. India today has guarantee of information, education, food items under PDS and many social security schemes. Buffer zones should be surpassed via DBT schemes and better standardization and technology applications needs to encouraged. Billions of aspirations and billions of dreams and many cultural and linguistic ethos, all leading to one family of one nation- Bharat. Vision 2020 by Dr. Kalam, successive five year plans and various inspirational NITI Ayog reports and future directions by TIFAC, all needs to be culminated to some sort of National direction and a National Vision for a developed and leading economic peaceful power for our nation- India. Participation of the citizenry and vast youth and talented professionals should be used to forge a major alliance for Indian influence and leadership to world stage. Collective strength lies in collective leadership with participative mechanism based on justice and entitlements. India shall and has the potential be a beacon of hope to rest of the world.
Vision for India as an Economic Powerhouse (SIAIN) developed by Prof. Mohd Ossama
Self – (Training) – Inspiration – (Training) – Aspiration-(Training)-Institution – (Training)-National Development
Prof. Mohd Ossama is a senior management teacher, trainer and award winning writer. He has taught business management at major institutions and trained numerous corporate executives. He has mentored various students and led various academic and industry programs. He can be reached at: [email protected]