A Rich Nation Remains Poor


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A Rich Nation Remains Poor - India

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A Rich Nation Remains Poor

  2. 2. Whom are we talking about?
  3. 3. INDIA
  4. 4. Albert Einstein once said: “ We owe a lot to the Indians, who taught us how to count, without which no worthwhile scientific discovery could have been made ”
  5. 5. Three of the 20 most riches people in the World are from India.
  6. 6. Culturally Rich - Inventions <ul><li>The digit zero and the numbering system </li></ul><ul><li>Chess </li></ul><ul><li>Algebra, Trigonometry, and Calculus </li></ul><ul><li>The decimal system </li></ul><ul><li>The game of Snakes and Ladders </li></ul><ul><li>The value of “pi” </li></ul><ul><li>Noble prizes in Literature, Physics, Economics, Peace and Medicine </li></ul>
  7. 7. And, <ul><li>Ayurveda is the earliest literature of medicine known to mankind. The father of medicine, Charaka, practiced medicine 2500 years ago. </li></ul><ul><li>Until 1896, India was the only source for diamonds to the world. </li></ul><ul><li>India never invaded any country in her 10,000 years of history </li></ul><ul><li>Hinduism, Buddhism, Jainism, and Sikhism borne in India and followed by 25% of the world's population </li></ul>
  8. 8. Achievement made by Indian Engineers in the Silicon Valley include : <ul><li>Vinod Khosla Founded Sun Microsystems </li></ul><ul><li>Vinod Dham Invented Pentium Microprocessor </li></ul><ul><li>Sabeer Bhatia created and founded Hotmail </li></ul>
  9. 9. There are 3.22 millions Indians in USA (1.5% of population), but they constitute <ul><li>38% of doctors </li></ul><ul><li>12% of scientists </li></ul><ul><li>36% of NASA scientists </li></ul><ul><li>34% of Microsoft employees </li></ul><ul><li>28% of IBM employees </li></ul><ul><li>17% of INTEL scientists </li></ul><ul><li>13% of XEROX employees </li></ul>
  10. 10. THE FLIP SIDE!
  11. 11. It’s the Land of Contrast - Poverty <ul><li>There are 300 million poor people in India </li></ul>
  12. 12. POVERTY: The state of being poor; lack of the means of providing material needs or comforts.
  14. 14. India’s Poverty and Employment Statistics <ul><li>300 million living below poverty in India </li></ul><ul><li>60% of India work force is self-employed – many of whom remain poor; nearly 30% are casual workers (get work only when they are able to get jobs – remain unpaid rest of the days); only about 10 percent are regular employees </li></ul><ul><li>India’s labour force is growing at a rate of 2.5% annually (~7 million) but employment is growing at only 2.3%(~6.4 million); plus there are previous back logs </li></ul>
  15. 15. RICH V/S POOR
  16. 16. India’s Rural Infrastructure Statistics <ul><li>18% of villages don’t have electricity and 46% of households are not covered – leads to no lighting, no productive end uses thus minimal economic activity – Requires Rs 1,07,823 crores for full coverage; average annual investments for last 10 years Rs 8,800 crores </li></ul><ul><li>Telecommunication – 1.9 per hundred of population; 98% of villages have public telephones but this is not sufficient; Rs 92,690 crores for full coverage; BSNL average annual budget Rs 2,700 crores </li></ul><ul><li>44% of rural population not covered by road network and transportation; Rs 15, 643 crores for full coverage; average annual investments Rs 2,133 crores </li></ul><ul><li>95% of rural population have access to some sort of drinking water source. The operation and maintenance is poor due to lack of funds. </li></ul><ul><li>As is evident from the statistics above, the funds required to cover the demand is way above what the government (and grants from international funding agencies) alone can achieve. Hence the most plausible solution is for others to participate and for alternative sources of investment. </li></ul>
  17. 17. Factors affecting Poverty… <ul><li>Population Explosion </li></ul><ul><li>Lack of Education </li></ul><ul><li>Corruption </li></ul><ul><li>Culture/ Attitude </li></ul><ul><li>Lack of Capital </li></ul><ul><li>Political Instability </li></ul><ul><li>Weather/Climate </li></ul>
  18. 18. Human Development Index <ul><li>HDI is an index used to rank countries by level of &quot;human development&quot;, which usually also implies whether a country is  developed ,  developing , or underdeveloped . </li></ul>
  19. 19. Human Development Index
  20. 20. <ul><li>India’s rank then was 124 th in 173 countries (2003) </li></ul><ul><li>Now India ranks 132 nd amongst 179 countries (2008) </li></ul>
  21. 21. URBAN POVERTY <ul><li>Slum in Mumbai today is 60% of Mumbai's more than 18 million inhabitants. </li></ul><ul><li>The Slum rate at that time was 40% of Mumbai’s </li></ul><ul><li>Population </li></ul>
  22. 22. MOST OF THE URBAN POOR ARE IN MAHARASHTRA <ul><li>  Swarna Jayanti Shahari Rozgar Yojana. </li></ul><ul><li>Largest number of urban poor in the country </li></ul><ul><li>Maharashtra has received Rs 80 crore for its urban poor population </li></ul>
  23. 23. <ul><li>He and She are poor; </li></ul><ul><li>Not because they are born so; </li></ul><ul><li>In fact, it is the failure of the institutions, </li></ul><ul><li>polices and programs </li></ul><ul><li>that they continue to be poor and </li></ul><ul><li>marginalized. </li></ul>
  24. 24. The Challenges to be addressed! <ul><li>Millions of poor without infrastructure services necessary for development </li></ul><ul><li>More sustainable, innovative, Business like approaches needed </li></ul>
  25. 25. We are just an opportunity away!