Wednesday, November 04, 2009

6 Reasons why India is growing more than ever before

Source : http://www.ted.com/talks/nandan_nilekani_s_ideas_for_india_s_future.html

A speech by Nandan Nilekani.

I have tried to summarize the whole speech here.

Ideas that have arrived - The 6 reasons why India is growing at a rate greater than ever before.

1.Population as an asset - as opposed to a liability. Only youngest country in an aging world.

2.Entrepreneurship as a positive thing in society.

3. English as a language of aspirations.

4. Growing need and adaptation of technology.

5. Seeing globalization as a good thing and feeling a need to participate in it.

6. Deepening of democracy - improved society.

Ideas in progress - The ideas for which need has been felt but not yet implemented.

1. Education - Primary education, especially in govt sponsored schools.

2. Urbanization -

3. Cities as engine of growth - Develop cities, and see the as centers of growth, innovation and creativity.

4. Single Market - View India as a single market.

Ideas in Conflict - The de-accelerators


1. Ideology of caste etc

2. Labour policies - need to regulate highly un-organized labour force. More benefits.

3. Higher Education - Need to de-regulate so that opening up universities is easier. Make it easier for foreign universities to setup centers here.

Ideas that we need to anticipate

1. Technology

2. Health - Better health prospects, and not have diseases of rich countries.

3. Pensions and entitlements - Social security for the old.

4. Energy - Carbon footprint, global warming etc need to be controlled via growing economies like India.

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