Tuesday, January 26, 2010

India is 60 today

The republic turned 60 this week. The dates spell the difference. It was on August 15, 1947, Indpendance was declared but it was not until January 26, 1950 that India had a Constitution. Six decades of sovereign independant history is remarkable - should atleast make the nation wise. The next 40 years is even more crucial as the country chugs along to its centennial year as an independant democracy.

India's development and acceleration of its growth will only come from innovations that results in problem solving. Real economic growth will not be FDI induced growth but will be entreprenurial in nature fuelled by demand for goods and services as incomes rise. New industries will emerge responding to the demands of domestic consumption. These industries will inturn need vast pools of human resources triggering need for higher learning and training. Productivity of the workforce will be key to meet these demands. Ensuring the inputs are sustainable is most crucial in the next 40 years.
If you enjoyed reading this, consider buying India's Innovation Blueprint

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