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INDIA: An 8-point agenda for Growth

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INDIA: An 8-point agenda for Growth

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A much-followed new-generation business leader recently rhetorically asked in a social media post that, if we have an economy swinging towards services with a large chunk of it being technology, “Why do we need government?” This is an attempt at answering that question.

A much-followed new-generation business leader recently rhetorically asked in a social media post that, if we have an economy swinging towards services with a large chunk of it being technology, “Why do we need government?” This is an attempt at answering that question.

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INDIA: An 8-point agenda for Growth

  1. 1. The Business of Government An 8-point Agenda for Growth Devangshu Dutta 17 May 2014 @devangshu
  2. 2. Diversity Needs One Narrative • Indian elections 2014 – opinions may be fractured, but the Parliamentary mandate is clear • Many problems to be tackled at the macro and the micro-level • Single narrative to pull the diverse, divided strands of opinion together: deliver truly inclusive growth @devangshu
  3. 3. India’s Citizens • Creative and entrepreneurial • Hungry for growth • Respectful of heritage, but also devastated by the decline that has come about over decades, centuries • Determined to change • Need the government to shoulder its responsibilities @devangshu
  4. 4. 8-Point Agenda for India’s Government to Deliver On • Healthcare • Power • Clean Water • Transportation infrastructure • Education • Environment • Competition • Accountability @devangshu
  5. 5. Healthcare • India’s average life-expectancy = 65.5 years; China & Brazil close to 73.5 years • Hospital beds <1 per 1,000 people • Government healthcare infrastructure underinvested, underutilised • Privatisation is not a panacea: most private hospitals not delivering widespread, affordable care but focussed on profit maximisation @devangshu
  6. 6. Power • Per capita consumption: India = 1/3 China, 1/10 USA • Improved power availability has unimaginable impact on lifestyle, livelihood and overall quality of life o Households o Schools o Small businesses • Need improved penetration through off-grid solutions, and a mix of energy sources oHealthcare facilities oAdministration @devangshu
  7. 7. Clean Water • One train wreck daily, fatalities 100%: would that get our attention? >The equivalent, 1600 people estimated to die daily due to diarrhoea, which is completely avoidable • Unsafe water estimated to spread 21% of communicable disease, not only in far flung villages, but in some of the biggest cities as well • Management gap, not technological @devangshu
  8. 8. Transportation infrastructure • Poor transportation cuts people off from opportunities, and force migration to already overloaded cities • One of the largest rail networks, but low density (20 km / ‘000 km2), compared to Germany ( 115 km / ‘000 km2, UK: 65, France: 53) • Roads still behind in length and quality needed • Where people and goods can move quickly and freely, both trade and culture flourish, and build the strongest ties that bind people together. @devangshu
  9. 9. Education • Educational capacity has predominantly grown in private hands, where affordability is not the prime driver • Enough examples within government schools and colleges, where individual intent and organisational systems produces excellence • Without adequate focus on education, the massive young population would be a ticking time-bomb of under-skilled frustrated underachievers @devangshu
  10. 10. Environment • Climate change and clashes over natural resources among the highest conflict risks • “The commons” belong to the people, together; measuring “growth” only by activities that deplete common resources is short-termism and selfishness of the worst sort • Millions born and die with chronic diseases related to deteriorating air, depleted water, polluted soil and disappearing vegetation @devangshu
  11. 11. Competition • Competition brings fragmentation, but it is also an essential source of innovation, which combats not just present risks but future threats as well • Self-moderation not expected from large business • Need to protect against unethical, anti-customer, anti-competitive behaviour grows with the economy • Needs lower investment compared to other items on the 8-point Agenda, but needs huge intent & follow-through on the government’s part @devangshu
  12. 12. Accountability • None of these can happen without transparency in governance, and productivity (respect for schedules, budgets and commitments) in government > “Government service” seen as a ticket to a reasonably comfortable employment. Small start: replace the phrase with “public service” – serving the public at large. • Central theme: “uphold the law”, “enable each citizen a fair chance of success”, & “deliver, deliver, deliver” @devangshu
  13. 13. Summing Up • These determine the dignity with which citizens lead their lives • Some areas need more government emphasis, some need less private emphasis, some need both to work together • Without these, even the most capable individual, the best private company would find it easier to make a life, a living elsewhere • It’s time to move! Most would rather move something, than somewhere. Read the Article: On Third Eyesight’s website On PVC Partners’ website @devangshu Healthcare Power Water Transportation Infrastructure Education Environment Competition Accountability

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