Tuesday, October 9, 2012

RUNNING OUT OF TIME

In India – Who will get up to take the call?

India has never been short on dreams. A century ago, Tagore talked about the kind of nation that India should awake to, free of divisions, shaking off its discontents and forever looking outward. Nehru spoke passionately about India’s tryst with destiny. But as an independent country, we have in many ways been through a trial by fire, an unquiet country, prone to demonstrations, rebellions and governments upended by economic woes and assassinations.

Our lopsided approaches have ensured that economic freedoms are extremely uneven. Through the 1980s and 1990s economic reforms released the shackles on India’s entrepreneurs, allowing them new freedom to both create and participate in economic wealth. But it has kept these shackles on its workers, limiting the jobs that could have multiplied incomes and created a newly wealthy working-class community. As a result the agonies of our farmers have reflected our difficulties in creating non-farming jobs, and shifting people into manufacturing.

Nandan Nilekani, Co-Chairman of Infosys Technologies Limited is an Electrical Engineer from the Indian Institute of Technology, Bombay. In January 2006, he became one of the youngest entrepreneurs to join the World Economics Forum Foundation Board, and Time magazine listed him as one of the ‘100 Most Influential People in the World’. In 2007, he was also named Forbes Businessman of the Year for Asia. Nilekani in Imagining India has put together a portfolio full of ideas and has provided seed capital of thoughts as provided by a venture capitalist.


Source : IIPM Editorial, 2012.

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