At the threshold of India’s growth globally, Visionary Executioners take center stage
- Karthick Srinivasan
- November 10, 2022
India is the fastest-growing country in many industrial verticals. Now we are on the path to exporting our products and services to the world. We have a lot of capability& opportunity to fulfil the worlds need.
As of 2022, over half of India’s population — 53 percent — comprised youth aged 29 and below, while the remaining 47 percent are 30 years and above. This is incomparable with any other country. This supportive number gives us a chance to achieve our goals by satisfying the world’s needs.
India has a good young population, but we have a lack of skilled workforce in all industries. Government addresses Skill India, and Digital India, schemes to fill these gaps but we need to create more centers to achieve the maximum targets. This gap is the biggest barrier to our country & industrial growth. Government and private need to address this issue, by starting more development centers with collaboration.
This opportunity is not only for India, but this is an open opportunity for the entire world. So, we need to collaborate with world corporate and find the route for knowledge & manpower sharing. Notably, women working in India contribute 17% of the GDP, compared to 35-40% in most developed countries.
India needs to find an online platform to educate Indian graduates on international industrial sector knowledge. To get international opportunities, we need to create tie-up with world-leading industries for the knowledge-sharing process.
India is a big market. We have multi-level financial people in our country. This huge potential helps the new start-ups to sustain themselves in the early stage. But Startups need to touch the other potential markets in Europe, potential market-starving nations within Asia & African countries which can drive good revenue growth.
Indian big and multinational companies need to focus on developing new products and technologies. As per the global ratio, our Indian R&D investment is only 1% of our GDP (Israel – 4.9%, S.Korea- 4.5%, USA-3.3%) of the world’s contribution. Companies should not only focus on every year’s target but need to plan for long 25 years what is the plan and how to achieve the same with new products/services.
Indian university-level (Undergrad and post-grad level) institutions need to teach students about how to be competitive in the global market with technology & business models. We need to take It’s immediately noticeable that a majority of Successful universities are located in the United States, with a high concentration, a majority of Ultra-high Net Worth alumni from these universities are “self-made” millionaires/billionaires, who became successful through their efforts rather than relying on family fortune or social status. Harward University Alumni’s value is 4.7T compared with India’s yearly GDP is 3.5T.
Top Indian icons working or running a business abroad, need to share their experiences with our university and how they get to their level. Government or Universities need to create one medium to connect our students with successful NRIs to share their success model.
The world is looking for Indian products in the international market coming out of India.
