Harmonic Economic Reforms for Making India Global Leader

Dr. Subhash Sharma
Director, Indus Business Academy (IBA) Bangalore
*National Seminar on “Economic Reforms and Their
Impact on Indian Economy”, Integral University, Lucknow,
Feb. 22-23, 2018
(C) Dr.
Subhash_Sharma_IBA_Integral_University_Luckn
ow_National_Conference_Feb. 22_23, 2018

A Historical View of Economic Policies
and Economic Reforms in India
 Three Eras in India’ s Development Experience
1947 1991 2014 …
Socialistic Vision LPG Vision Holistic Vision
(Nehru) Narsimha Rao & Narendra Modi
Manmohan Singh
State drives society Market drives society Holistic approach/
‘Harmonic Balancing’
model of society
Nation-Corporation-People-Globe
Harmonic Interactions
“ Sabka saath sabka vikas”
(C) Dr.

Typology of Globalization
Three types of Globalization
 Type I: Globalization that ignores local
 Type II: Glocalization
 Type III: LG Model – From Local to Global
Towards Sustainability through an Optimal Mix of
three types of Globalizations
(C) Dr.

LG Model of Globalization
 LPGM : Local Products in Global Markets
 LPGM: Local Production & Global Markets
(C) Dr.

Paradigm Shift in Economic Reforms Philosophy:
Towards Harmonic, Holistic View & Integral Vision –
New India Vision
1991 Reforms 2014 Reforms
Narsimha Rao Narendra Modi
& Manmohan Singh (New India Vision)
Rooted in Type I Rooted in striving towards
Globalization an Optimal mix of Type I,
Type II & Type III Globalization
LPG “Sabka saath sabka vikas”
(C) Dr.

Objective of New India Reforms
Reforms for India’s Global Presence:
Towards “Globally Extended India” –
for Global Leadership & Global Presence
(C) Dr.

Viswa Vision: Videshi – Swadeshi Interactions for
Harmonic & Holistic Development
Viswa = Videshi + Swadeshi
Vi:
Non-Local
Swa:
Local
(C) Dr.
(New Mantras in Corporate Corridors, Subhash Sharma, 2016, p. 46)

Viswa (Non-Local and Local)
Interactions Matrix
Vi
Product
Swa
Market
Vi Swa
(Vi, Vi) (Vi, Swa)
1991 Reforms
(Swa, Vi) (Swa, Swa)
2014
Reforms
(C) Dr.
(New Ideas in Strategic Thinking & Management, Subhash Sharma, 2016, p. 69)

Giving Push to “Four Arrows of
Development”
Four Arrows of Development for a Nation
Corporate Development
Institutional Development
Entrepreneurship Development
Grass roots Development
Holistic
Development
(C) Dr.

India Vision 2050: Push to Arrows of
Development through Technology, Management
& Leadership
Technology Management Leadership
Institutional
Entrepreneurship
Grassroots
Corporate
Nation’s
Development
AI *
IT*
(C) Dr.
*IT: Information
Technology
AI: Artificial Intelligence

Intellectual Foundations of Integral Vision of Reforms:
Four Lions Model of “Harmonic Globalization”
(C) Dr.

Four Lions as Four Forces Model
 I. Force of Market
 II. Force of State/ Government
 III. Force of People/ Capillary action/ Grassroots
Force
 IV. Force of Self
(C) Dr.

Global Harmony Model of Harmonic Globalization:
Integrating X axis an Y axis Perspectives
MarketState
People/ Capillary action
Self
(C) Dr.

Harmony Model as a Vision for Conflicts Free Society,
and Corruption Free Society
Towards HQD Reforms for Prosperity, Justice and Peace (PJP)
Vision of Society
Hidden Lion represents Inner energies which are same in all
human beings immaterial of caste, class, religion, gender and
other conflicts creating divisions. Once this awareness and
awakening is created, it is possible to create corruption free
and conflicts free society.
Hence, for Economic Reforms to have meaningful impact,
they should be accompanied with HQD (Human Quality
Development) Reforms(C) Dr.

Towards Integral Vision of Economics
Chapati/ Roti Metaphor for Holistic Economics: Integral
Vision of Economics
(C) Dr.

“Economic Chapati making” as a Framework for
“Integral Vision of Economic Reforms”
Economics for Growth:
(Focus: Market)
Economics for Equity:
(Focus: Society)
Capillary action Economics:
(Focus: Grassroots)
Sustainability Economics
(Focus: Ecology)
(C) Dr.

Towards A New Vision for the World:
Moving Towards A ‘New Earth Sastra’
MarketState
Soil
Soul
Towards New Earth Sastra
(C) Dr.

Towards Jobs, Investments & Opportunities (JIO)
Model of Integral Vision of Reforms
Three Key Ideas of Integral Vision:
Jobs, Investments and Opportunities (JIO)
“Existence with Coexistence”:
Creating Opportunities for All
(C) Dr.

Four JIO Forces
 I. Corporate JIO Force
 II. Government JIO Force
 III. Capillary Action JIO Force (IDS Force: Idli, Dosa,
Samosa Force) – Self Employment as Job
Creation/Employment creation
 IV. HQD (Human Quality Development) JIO Force/
Spiritual Education and Spiritual Movements as JIO Force
(C) Dr.

Four Arrows of Holistic View of Reforms
Holistic View and Policy Making:
‘Existence with Coexistence’ Model: Coexistence and
Complementarity of Four JIO Forces
I. JIO in Market/ Corporate context (Corporate Jobs and Corporate
Investments)
II. JIO in State/ Government context (Government Jobs and
Government Investments e.g. Government Schemes)
III. JIO in Capillary action Context (Self employed Jobs and
Investments: Collective impact of capillary action is huge,
particularly in India, Capillary action creates ‘Collective Action
Force’ in society)
IV. JIO in HQD context (e.g. Jobs in Yoga, Meditation etc.,
Investments in NGOs, HQD Education and Spiritual Movements)
(C) Dr.

Towards An Integral Vision for
Nations/ Organizations/ Corporations: KPCL Model
 K: Knowledge Education system
 P: Political Political system/ Democracy
 C: Capital Business: Ease of Doing Business
L : Labor Workers and Self employment
(Skill Development &
Empowerment)
When all four systems are strong, Nation/ Organization
becomes strong.
(C) Dr.

KPCL Representations
K
P C
L
P C
K
L
Manufacturing Organization Knowledge Organization
(C) Dr.

Role of CEO in Managing KPCL
P: Power delegation:
administration
C: Managing Finances
K
L: HRD
CEO
Knowledge Management
Contemporary
CEOs have to manage
KPCL systems in the
context of VUCA
environment
(C) Dr.

KPCS In Knowledge Economy
 KPCS Model
 K : Knowledge
 P: Power
 C: Capital
 S: Services
(C) Dr.

Towards New CEO Leaders
New India Vision Requires New CEOs
C: Creative
E: Enlightened
O: Organic
(New Ideas in Strategic Thinking & Management, Subhash
Sharma, 2016, p. 143)
(C) Dr.

Concluding Comment
For Economic Reforms to be Successful, we need new
types of CEOs – Creative, Enlightened, Organic
Challenge before B-Schools
How to Unleash the Hidden Power of Hidden Lions
How to Develop
Creative, Enlightened, Organic leaders (CEOs)
(C) Dr.

Key Concepts of the Integral Vision
 I. Viswa Vision of Nation and the Global
 II. Four Lions Model of Harmonic Globalization
 III. Economic Chapati Making/ Roti Model of Holistic
Economics
 IV. JIO Forces Model of Economic Reforms
 V. KPCL Model of Corporations
 VI. KPCS
 VII. Creative, Enlightened, Organic (CEO) Model of
Leadership
 VIII. Harmonic Vision of Society: Prosperity, Justice and
Peace (PJP) – Conflict free and Corruption free society
(C) Dr.

Further Details
 Subhash Sharma, Management in New Age: Western Windows Eastern
Doors, New Age International Publishers, New Delhi, 1996 & 2006
 Subhash Sharma, New Mantras in Corporate Corridors, New Age
International Publishers, New Delhi, 2007
 Subhash Sharma, New Earth Sastra: Towards Holistic Development &
Management (HDM), IBA Publications, Bangalore, 2012
 Subhash Sharma, New Ideas in Strategic Thinking & Management: A
Knowledge Tree of New Age Mantras, New Age International
Publishers, New Delhi, 2016
(C) Dr.

Harmonic Economic Reforms for Making India Global Leader

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