Giving Back to Society to Build Bharat

In last 8 years we slowed down on our growth trajectory.  One way Congress led COALITION Government was responsible up to certain extent (mainly corruption and pleasing the partners) but same time we were not ready to grow at faster pace.

It wasn’t a rocket science to see that what is to be done to sustain the growth? Wasn’t that obvious that FDI will not continue forever?  Low end jobs can be shifted to other cheaper place.  All so called Economist knows the cyclical nature of economy and eternal dependency on foreign investment.

Then what were the steps available to the government and industries?   A lot is written on this topic and I am not here to repeat them.  Still I cannot believe that if economy downfall in US, Europe, Japan & China should impact our growth by 50% (may agree to 20-25%).

We need a radical change in policy, targets we aspire to achieve, proper planning, and efficient execution along with proper monitoring and controlling. 

Now planning should not be limited to planning commission and Prime Minister Office hands.  We would need independent body to drive this and representation from industries, institution and Government will be needed.  It should not be at central government level.  It has to be at state government level but with common drive from central.

Some shortcuts mean which FM P Chidambaram launched India's first 'skilling
card' under the STAR Scheme will not be sufficient and these schemes will be good for patting of ruling government (currently Congress Oops!! It is UPA2).  It is a daunting task to make 500 Million people as skilled by 2022.  It is to be started with database analysis and need to target first semi-skilled people to be trained to skilled level, under-skilled to be trained for semi-skilled etc. In parallel there has to be targeted change in unorganized sector labours life.  The absorption of these graded skilled people should start in parallel and we will need huge amount of industries to absorb them.  We will need incentives for people who are going to start industries.  We will also need transfer of technologies mainly from highly dense industrialized country (start with Japan) and give them the ROI in some form or others. 

PPP model with tax incentives have worked in past and it is proven formula.  Investors can start in Infrastructure, Pharma, food-processing, aviation, automotive, cultivation tools etc. But need courage from Government to support.

Now enough Gyan---What I want to do in coming years…

I will start with sensing the skill needs for industries and plan to contact NSDC.  Then need to find out how to start an NGO.  With the help of some like-minded people I would like to start/facilitate the training programs.  I will also build the network with start up and mid-scale industry to see the absorptions after training.

Culturally Indians are good in flexibility so there will be people to learn even after office hours only thing is that they cannot afford the cost of training for many semi-skilled people.