SlideShare a Scribd company logo
1 of 50
Challenges of HRD
in India: Options &
Priorities
- Imon Ghosh
director@academyofhrd.org
In this talk:
• Can HRD have an impact beyond the
corporate sector, and transform society?
• Enhancing capability in the informal sector.
• Leveraging India’s demographic dividend
through better education and skills.
• Key human development indicators.
• Actionable ideas to reduce poverty and
accelerate economic growth.
Human Resources
“The human resource movement has
over- emphasized Resource and
considerably de-emphasized the Human
element.”
- Dr. D.M. Pestonjee
Developing Competence
• Competent people drive results, whether in the
armed forces, civil services etc.
• Competence is the ability of an individual to
perform a job properly. Some scholars see
“competence” as a combination of knowledge,
skills and attitudes or behaviours used to improve
performance.
• The term gained traction in 1973 when Dr. David
McClelland wrote a seminal paper on “Testing for
Competence Rather Than Intelligence.”
Is HR’s focus too narrow?
• Highlighting that 42 percent children were
underweight in a country witnessing high
growth, Prime Minister Manmohan Singh
recently described it as a national shame.
• Every 15 seconds, an infant dies in India
according to Save the Children.
How can HR intervene?
• A major cause of infant mortality is the
unavailability of trained medical doctors in
rural areas.
• Over 80% of the limited numbers of medical
graduates prefer to work in urban areas (not
well paid in rural areas; lack of educational
facilities for children etc.)
• Recruitment exams for rural docs sporadic.
• Ad hoc appointments, without benefits.
HR impacts in unlikely places
• International cricket match abandoned in
Delhi due to poor pitch conditions.
• Lehman Brothers, with over 600 billion US
dollars in assets, files for bankruptcy
protection on September 15th, 2008. Poor
Talent Management practices a key
contributor to its downfall …
The Pestonjee 3H model
• Hands: During the early part of
industrialization, and today in the
unorganized sector, the only relationship
between the employer and employee was
the relationship of hands.
• Head: Intellectual capital, cognitive
abilities.
• Heart: Employee engagement, satisfaction
and happiness.
Can HRD impact the Informal Sector?
Industrial Category No. of persons (in millions)
Formal Sector Informal Sector
Agriculture 1.39 238.87
Non-Agriculture 26.68 131.5
Mining & Quarrying 1.01 1.25
Manufacturing 6.71 37.07
Electricity, Gas And Water 1 0.04
Construction 1.17 16.36
Trade, Hotels And Restaurants 0.49 40.37
Transport, Storage & Comm. 3.15 11.48
Financial Services 1.65 3.29
Community Services 11.49 21.64
All Sectors 28.07 (93%) 370.37
Year: 1999/00 (Total labour force: 406 million) (GDP share: 63%)
Can HRD impact the Informal Sector?
• Decent Work: According to the ILO,
Decent Work involves opportunities for
work that is productive and delivers a fair
income, security in the workplace and
social protection for families, better
prospects for personal development and
social integration, freedom for people to
express their concerns, and participate in
the decisions that affect their lives.
Do demographics matter?
• India’s unique demographic position: is a
reverse colonization imminent?
• The fiscal impact of ageing populations,
and link to deficits.
• Japan in the 1980s; Europe and North
America today.
• Even China will peak in 2025 due to its
one child policy … while India continues
as a “young” nation till 2065.
Education and skills are key
• To productively engage India’s youth
• “Cut-off” anti-social and anti-national
activities
• Strengthen India’s economy
• Address global skilled manpower
shortages …
Findings of a research study in
comparative teaching methodologies
Source : Professor Rafiq Dossani, Stanford University
Findings of a research study in
comparative teaching methodologies
Source : Professor Rafiq Dossani, Stanford University
Institution IIT Madras Stanford
University
Number of
class
Hours
Self directed
work (alone
or in groups)
30
13
25
40
Teaching Methodologies @ AHRD
• Strong Research Focus
• Provoking Thinking / Encouraging Curiosity
• Promotion of Collaborative Learning
• Customized learning that addresses individual
work issues
• Applying Knowledge / Developing
Competencies
• Action Learning / Practical Orientation
• Life and Work Experience Sharing
• Learning Network of Experienced Peers
Research @ Academy of HRD
• A Study of the Effectiveness of HRD Audit as an OD Intervention
• Mentoring Processes in Indian Organizations: An Exploratory Study
• A Study of Relationship between Human Resources (HR) Practices and
Performance of Business Organizations
• Individual Factors Associated with Career Success and Growth in an Indian
Insurance Organization
• A Study of Relationship between Strategic Responses of Organization and Worker
Development System Variables
• A Study of the Changed Business Environment on Roles and Performance of Bank
Officers
• A Study of Impact of Sensitivity Training on the Behavior and Performance of
Bank Officers
• A Study of Managerial Leadership Styles and Behavioral Preference of Subordinates
in Relation to Role Efficacy and HRD Climate
• AMTs and Shop Floor Personnel Motivation
• Gender, Micro-credit and Human Resource Development of Delivery Personnel in
the Context of Credit Seeking Rural Poor Women
Research @ Academy of HRD
A Study of Professional Values, Value Conflict and Coping Mechanisms of HRD
Professional
Determinants of Organization and People Related Initiatives in Planning and Executing
Strategic Decisions in Indian Organizations
A Study of Impact of Cultural Variables on Organizational Commitment and Work
Commitment amongst Indian Managers: A Cross-Cultural Study amongst Indian and
German Managers
Relationship between Career Anchors, Human Resource Practices, Organizational
Commitment and Turnover Retention : A Study of IT Professionals
Relationship between Management Style, Organization Culture and Performance on
Council Affiliated (ICSE) Schools in Twin Cities
Measurement of Organizational Citizenship Behavior of Professionals in High
Technology Software Organizations
An Assessment of the Role of HR in the Indian Corporate Sector
Identification of Competencies of Software Project Managers in Software Organizations
Research @ Academy of HRD
Factors Influencing Employee Participation in Knowledge Management: A Study in
an Indian IT Company
A Study of the Effects of Information Technology on Alienation at the Workplace
Role Evolution Process of a Professional HRM Role in Organizations
A Study of Personal Values and Impact of Personal-Organizational Value Congruence
on Commitment in an Indian PSU
A Study of the Competency Based HR practice in Indian Organizations
Study of the relationship Between empowering Forces and the Empowering Process
Among Women in Managerial position in Business Organization
Antecedents / factors Affecting the Organizational Transformation
Study of Organizational Climate, Role Stress, Learned Helplessness and Interpersonal
Needs and Their Impact on Performance of the Indian Banking Industry
The Relationship Between Occupational and Organizational Commitment of Software
Professionals in India: Moderation by HRM Practices
GenY Research Project @ AHRD
• Objective: An exploration of Gen-Y's
characteristics with respect to career
aspirations, their attitude towards work,
and implications for HR policies and
practices in the years to come.
Publications @ Academy of HRD
Books:
• Developing Leadership for the Global Era:
HRD Perspectives and Initiatives
• Pioneering Human Resource Development:
The L&T System
• Measuring Organizational Climate
• Road to Empowerment: HRD Experiences
with Workers and Support Staff
• HRD Philosophies and Concepts: The Indian
Perspective
• Management Processes in Universities
Publications @ Academy of HRD
Occasional Papers
• Corporate Leadership in The 21st Century
Educational CDs
• Dream or Nightmare
• Appreciative Inquiry for Organizational
Change
An essential insight
…The greatest innovation in
teaching methodology for higher
education may simply be
the realization that
adult learners aren’t children!
Moving from Pedagogy to Andragogy
• Pedagogy (pèd-e-go´jê) literally means
the art and science of educating children
and often is used as a synonym for
teaching. More accurately, pedagogy
embodies teacher-focused education. In
the pedagogic model, teachers assume
responsibility for making decisions about
what will be learned, how it will be learned,
and when it will be learned. Teachers
direct learning.
Moving from Pedagogy to Andragogy
• Whether or not this is the best model for
child education, it is clearly inadequate
for adult learning, particularly when it
comes to work or career-related learning
within the process of human resource
development. HRD requires a more
active approach from the learner which
takes account of individual experience.
Moving from Pedagogy to Andragogy
• In an attempt to formulate a
comprehensive adult learning theory,
Malcolm Knowles, in 1973, published
the book The Adult Learner: A
Neglected Species. Building on the
earlier work of Lindeman, Knowles
asserted that adults require certain
conditions to learn. He borrowed the
term andragogy (and-rè-go´jê) to define
and explain the conditions.
Moving from Pedagogy to Andragogy
• The andragogic model asserts that five issues
be considered and addressed in formal
learning. They include (1) letting learners know
why something is important to learn, (2)
showing learners how to direct themselves
through information, and (3) relating the topic to
the learners' experiences. In addition, (4) people
will not learn until they are ready and motivated
to learn. Often this (5) requires helping them
overcome inhibitions, behaviors, and beliefs
about learning.
Moving from Pedagogy to Andragogy
• The following comment by Lindeman gives
you a flavour:
"...the teacher finds a new function. He
is no longer the oracle who speaks
from the platform of authority, but
rather the guide, the pointer-outer who
also participates in learning in
proportion to the vitality and relevancy
of his facts and experiences."
Moving from Pedagogy to Andragogy
• Andragogy, initially defined as "the art
and science of helping adults learn," has
taken on a broader meaning since
Knowles' first edition. The term currently
defines an alternative to pedagogy and
refers to learner-focused education for
people of all ages.
Moving from Pedagogy to Andragogy
• In the information age, the implications of
a move from teacher-centered to learner-
centered education are staggering.
• Postponing or suppressing this move will
slow our ability to learn new technology
and gain competitive advantage.
Accelerated Learning
• More has been discovered about how the
human brain works in the last 25 years than
in all history to date.
• The Accelerated Learning Method is based
on that research.
• We each have a preferred learning style —
a way of learning that suits us best. If you
know and use the techniques that match your
preferred way of learning, you learn more
naturally.
Accelerated Learning
• We now know that we do not have a fixed
single IQ, but a range of at least seven or
eight different forms of intelligence. You will
tend to develop some of these intelligences
more than others and prefer to use them. And
those differences help account for your
personal learning style.
• The secret is this: When the way you are
taught closely matches the way you like to
learn, results improve significantly and the
time you take to learn is reduced.
Drive out fear …
• “Drive out fear, so that everyone may work
effectively.” - W. Edwards Deming, quality guru.
"The economic loss from fear is appalling,"
• When people are afraid for their jobs, afraid of
management, afraid of being punished for making
mistakes, productivity suffers - and it suffers
considerably. Fear in the workplace, no matter
how subtle, does not improve productivity.
• This applies to learning as well! Yet, far from
driving out fear, our education system often
enhances student stress through its examination
and grading systems, ranking etc. instead of
promoting a passion for the subject, and life-long
learning.
Multi-D Poverty Index
34
India - some facts
India–17% world population, 5% land mass
and 1.5% water resources
– 26.1% population Below Poverty Line;
– 26% population illiterate;
– 30% infants with low birth weight;
– 47% children underweight for their age (5 years);
– 18% population without improved water source;
– 42% population without access to latrines;
– 21% population under-nourished;
– and so on …….
35
HDI – a comparison
HDI
Rank
Country HDI Life Exp’y at
birth (yrs)
Per capita
GDP (US$)
Adult literacy
rate
1 Norway 0.963 79.4 37,670 > 99.0
6 Sweden 0.949 80.2 26,750 > 99.0
10 USA 0.944 77.4 37,562 > 99.0
11 Japan 0.943 82.0 27,967 > 99.0
15 UK 0.939 78.4 27,147 > 99.0
85 China 0.755 71.6 5,003 90.9
93 Sri Lanka 0.751 74.0 3,778 90.4
127 India 0.602 63.3 2,892 64.0
134 Bhutan 0.536 62.9 1,969 47.0
136 Nepal 0.526 61.6 1,420 48.6
177 Niger 0.281 44.4 877 14.4
Source: UNICEF 2008
Condition of children in India & China
37
Challenges – many
Courtesy: Shri Bharat Lal, Resident
Commisioner, Govt. of Gujarat
38
Inclusive growth ???
Item For all STs
Households without access to electricity 38.6 63.5
Villages not electrified 19.5 47.8
Households without drinking water source
within premises
54.8 84.8
Households without latrine 57.7 83.0
Rural BPL population 27.11 54.14
Households without permanent houses 42.3 75.6
In spite of expanding economic opportunities, 81% STs still either
cultivators (small landholding) and or agriculture labourers against
national average of 53.2%
(in percent)
39
Few key indicators
Parameter For all For STs
% Literacy rate 74.84 47.1
Infant mortality 67.6 84.2
Neo-natal mortality 43.4 53.3
Child mortality 29.3 46.3
% Institutional deliveries 33.6 17.1
% women with anemia 51.8 64.9
Childhood vaccination 42.0 26.4
Co-creating solutions
• I invite you to explore with me, and co-
create solutions for inclusive growth that
can economically empower 800 million
people in rural India alone!
• No idea is so good that it cannot be
improved upon … or so bad that it cannot
be used as a stepping stone to a better
idea!
Actionable ideas to reduce poverty
• Can India’s rural economy be an engine
for growth?
• “The problems of widespread poverty,
growing inequality, rapid population growth
and rising unemployment all find their
origins in rural areas …”
• “There can be no national development
without rural development.” - Dr.
Michael Todaro
Actionable ideas to reduce poverty
• If we can empower the 800 million Indians
who live in 600,000 villages and enhance
their disposable income, what impact
would that have on …
• The Indian, and global economy?
• Maternal health?
• Nutrition and infant mortality?
• Life expectancy?
Would this be a worthwhile initiative?
Actionable ideas to reduce poverty
• The economic prospects for rural
development are far from bleak … indeed,
they show an astonishing robustness:
• Small scale and cottage industries employ
over 10 times as many people as heavy
industry (despite restricted access to
credit).
• Reduce regional disparities.
• Wide range of output.
Actionable ideas to reduce poverty
• Stem rural-urban migration: the Lewis-Fei-
Ranis econometric model, and the Todaro
Migration Model.
• The rural economy’s development
potential, and growth of the entire
Indian economy, are not going to be
achieved without the availability of (a)
affordable credit, (b) in adequate
quantities (c) at the right time.
Actionable ideas to reduce poverty
• There is a need to rethink the appropriate
institutional structure for rural banking.
• Unit banking superior to branch banking
for delivering rural credit.
• How does one establish unit banks in
India’s 600,000 villages?
• Leverage India’s ancient tradition of
indigenous banking.
Actionable ideas to reduce poverty
• Integration of India’s financial markets
essential for effective monetary policy.
• Shabby treatment, limited influence.
• Wooing India’s indigenous bankers.
• The Imperial Bank succeeded where
others failed.
• Extend the RBI’s influence in India’s
traditional financial markets.
Actionable ideas to reduce poverty
• An interdisciplinary approach necessary
for success.
• Mahatma Gandhi’s vision for rural India.
• The modern concept of development
includes life-sustenance (ability to
provide basic human needs), self-esteem,
and freedom from servitude (of not being
used as a tool by others for their own
ends).
Actionable ideas to reduce poverty
• A 2 page executive summary, and the
full text of the original 1992 paper on
Reducing Rural Poverty and Accelerating
India’s Economic Growth can be
downloaded from the “Free Resources”
link at www.imonghosh.com
Some closing thoughts
• “Corruption and good political governance
have to be addressed to reduce poverty.”
– Lt Gen (Retd) Arjun Ray, PVSM, VSM
• Uniting India’s economy: does India need
a free trade agreement with itself?
• Macro-prudential policies, and unregulated
OTC derivatives with counterparty risk.
• Concerns about the new global accounting
standards (GAAP) India is about to adopt.
Questions?

More Related Content

What's hot

Human resource development
Human resource developmentHuman resource development
Human resource developmentSonam Maurya
 
Basic Human Resource Management
Basic Human Resource ManagementBasic Human Resource Management
Basic Human Resource ManagementSeta Wicaksana
 
Questionnaire performance appraisal
Questionnaire performance appraisalQuestionnaire performance appraisal
Questionnaire performance appraisaltahirahassan5
 
HR Strategy - How to develop and deploy your hrm strategy - a manual for HR ...
HR Strategy - How to develop and deploy your hrm strategy  - a manual for HR ...HR Strategy - How to develop and deploy your hrm strategy  - a manual for HR ...
HR Strategy - How to develop and deploy your hrm strategy - a manual for HR ...Anne Van de Catsye
 
evaluating hrd programs
 evaluating hrd programs evaluating hrd programs
evaluating hrd programsAli Si Hosseini
 
Objectives of industrial relation
Objectives of  industrial relation Objectives of  industrial relation
Objectives of industrial relation estiaqur
 
Development of HUMAN RESOURCE in india
Development of HUMAN RESOURCE in indiaDevelopment of HUMAN RESOURCE in india
Development of HUMAN RESOURCE in indiaAnton Mahi
 
Human Resource Planning | Forecasting | HR Demand & HR Supply | Recruitment &...
Human Resource Planning | Forecasting | HR Demand & HR Supply | Recruitment &...Human Resource Planning | Forecasting | HR Demand & HR Supply | Recruitment &...
Human Resource Planning | Forecasting | HR Demand & HR Supply | Recruitment &...HR Mukul Gupta
 
T & d in ihrm
T & d in ihrmT & d in ihrm
T & d in ihrmjsindu
 
Human Resource Training and Development
Human Resource Training and DevelopmentHuman Resource Training and Development
Human Resource Training and DevelopmentJoey Miñano
 
Human resource development in Public Sector ppt
Human resource development in Public Sector pptHuman resource development in Public Sector ppt
Human resource development in Public Sector pptJyotsna Gupta
 
India's Human Resource Policies and Laws
India's Human Resource Policies and LawsIndia's Human Resource Policies and Laws
India's Human Resource Policies and LawsSirene Alsarmini
 
career planning & succession planning
career planning & succession planningcareer planning & succession planning
career planning & succession planningPreeti Bhaskar
 
HR practices in TCS
HR practices in TCSHR practices in TCS
HR practices in TCSSumit Sanyal
 
Human resource management (mba)
Human resource management (mba) Human resource management (mba)
Human resource management (mba) City Union Bank Ltd
 
talent management (hrm)
talent management (hrm)talent management (hrm)
talent management (hrm)divyabudhini
 

What's hot (20)

Human resource development
Human resource developmentHuman resource development
Human resource development
 
Basic Human Resource Management
Basic Human Resource ManagementBasic Human Resource Management
Basic Human Resource Management
 
Questionnaire performance appraisal
Questionnaire performance appraisalQuestionnaire performance appraisal
Questionnaire performance appraisal
 
HR Strategy - How to develop and deploy your hrm strategy - a manual for HR ...
HR Strategy - How to develop and deploy your hrm strategy  - a manual for HR ...HR Strategy - How to develop and deploy your hrm strategy  - a manual for HR ...
HR Strategy - How to develop and deploy your hrm strategy - a manual for HR ...
 
Hr practices in tcs
Hr practices in tcsHr practices in tcs
Hr practices in tcs
 
evaluating hrd programs
 evaluating hrd programs evaluating hrd programs
evaluating hrd programs
 
Objectives of industrial relation
Objectives of  industrial relation Objectives of  industrial relation
Objectives of industrial relation
 
Development of HUMAN RESOURCE in india
Development of HUMAN RESOURCE in indiaDevelopment of HUMAN RESOURCE in india
Development of HUMAN RESOURCE in india
 
Downsizing
DownsizingDownsizing
Downsizing
 
Human Resource Development
Human Resource DevelopmentHuman Resource Development
Human Resource Development
 
Human Resource Planning | Forecasting | HR Demand & HR Supply | Recruitment &...
Human Resource Planning | Forecasting | HR Demand & HR Supply | Recruitment &...Human Resource Planning | Forecasting | HR Demand & HR Supply | Recruitment &...
Human Resource Planning | Forecasting | HR Demand & HR Supply | Recruitment &...
 
T & d in ihrm
T & d in ihrmT & d in ihrm
T & d in ihrm
 
Human Resource Training and Development
Human Resource Training and DevelopmentHuman Resource Training and Development
Human Resource Training and Development
 
Human resource development in Public Sector ppt
Human resource development in Public Sector pptHuman resource development in Public Sector ppt
Human resource development in Public Sector ppt
 
India's Human Resource Policies and Laws
India's Human Resource Policies and LawsIndia's Human Resource Policies and Laws
India's Human Resource Policies and Laws
 
Development Centres
Development CentresDevelopment Centres
Development Centres
 
career planning & succession planning
career planning & succession planningcareer planning & succession planning
career planning & succession planning
 
HR practices in TCS
HR practices in TCSHR practices in TCS
HR practices in TCS
 
Human resource management (mba)
Human resource management (mba) Human resource management (mba)
Human resource management (mba)
 
talent management (hrm)
talent management (hrm)talent management (hrm)
talent management (hrm)
 

Viewers also liked

HR & Outsourcing workshop by Alexander Crepin
HR & Outsourcing workshop by Alexander CrepinHR & Outsourcing workshop by Alexander Crepin
HR & Outsourcing workshop by Alexander CrepinAlexander Crépin
 
E-Wallets in India- Digital Marketing
E-Wallets in India- Digital Marketing E-Wallets in India- Digital Marketing
E-Wallets in India- Digital Marketing Sohil Ghoghari
 
HR Outsourcing: 7 Success Stories
HR Outsourcing: 7 Success StoriesHR Outsourcing: 7 Success Stories
HR Outsourcing: 7 Success StoriesCPEhr
 
Jefferson - HR Outsourcing: Will it Work for Your Organization
Jefferson - HR Outsourcing:  Will it Work for Your OrganizationJefferson - HR Outsourcing:  Will it Work for Your Organization
Jefferson - HR Outsourcing: Will it Work for Your OrganizationHR Florida State Council, Inc.
 
457. hr outsourcing & its challenges[mimt]
457. hr outsourcing & its challenges[mimt]457. hr outsourcing & its challenges[mimt]
457. hr outsourcing & its challenges[mimt]keshav10
 
The Benefits of Outsourcing HR
The Benefits of Outsourcing HRThe Benefits of Outsourcing HR
The Benefits of Outsourcing HRG&A Partners
 
Presentation hr outsourcing
Presentation hr outsourcingPresentation hr outsourcing
Presentation hr outsourcingPeter Rodrigues
 
HR Outsourcing From A to Z
HR Outsourcing From A to ZHR Outsourcing From A to Z
HR Outsourcing From A to ZInsperity
 
Training presentation on How to use BHIM SBI Pay UPI, SBI Buddy/Paytm wallet ...
Training presentation on How to use BHIM SBI Pay UPI, SBI Buddy/Paytm wallet ...Training presentation on How to use BHIM SBI Pay UPI, SBI Buddy/Paytm wallet ...
Training presentation on How to use BHIM SBI Pay UPI, SBI Buddy/Paytm wallet ...Gaurav Кumar
 
HRD Challengesand Outsourcing
HRD Challengesand OutsourcingHRD Challengesand Outsourcing
HRD Challengesand OutsourcingRajan Neupane
 
Human Resource Outsourcing (HRO)
Human Resource Outsourcing (HRO)Human Resource Outsourcing (HRO)
Human Resource Outsourcing (HRO)NHRD Pune Chapter
 
Hr outsourcing -charitable advisors presentation
Hr outsourcing -charitable advisors presentationHr outsourcing -charitable advisors presentation
Hr outsourcing -charitable advisors presentationJulie Struble
 
HR Outsourcing 101
HR Outsourcing 101HR Outsourcing 101
HR Outsourcing 101Business.com
 
Hr outsourcing 352
Hr outsourcing 352Hr outsourcing 352
Hr outsourcing 352patilkp
 
Hr outsourcing
Hr outsourcingHr outsourcing
Hr outsourcingnehamkt
 

Viewers also liked (20)

8 hrd challenges
8  hrd challenges8  hrd challenges
8 hrd challenges
 
HR & Outsourcing workshop by Alexander Crepin
HR & Outsourcing workshop by Alexander CrepinHR & Outsourcing workshop by Alexander Crepin
HR & Outsourcing workshop by Alexander Crepin
 
E-Wallets in India- Digital Marketing
E-Wallets in India- Digital Marketing E-Wallets in India- Digital Marketing
E-Wallets in India- Digital Marketing
 
HR outsourcing
HR outsourcingHR outsourcing
HR outsourcing
 
HR Outsourcing: 7 Success Stories
HR Outsourcing: 7 Success StoriesHR Outsourcing: 7 Success Stories
HR Outsourcing: 7 Success Stories
 
Jefferson - HR Outsourcing: Will it Work for Your Organization
Jefferson - HR Outsourcing:  Will it Work for Your OrganizationJefferson - HR Outsourcing:  Will it Work for Your Organization
Jefferson - HR Outsourcing: Will it Work for Your Organization
 
Outsourcing July 2015
Outsourcing July 2015Outsourcing July 2015
Outsourcing July 2015
 
457. hr outsourcing & its challenges[mimt]
457. hr outsourcing & its challenges[mimt]457. hr outsourcing & its challenges[mimt]
457. hr outsourcing & its challenges[mimt]
 
human resource outsourcing
human resource outsourcinghuman resource outsourcing
human resource outsourcing
 
The Benefits of Outsourcing HR
The Benefits of Outsourcing HRThe Benefits of Outsourcing HR
The Benefits of Outsourcing HR
 
Presentation hr outsourcing
Presentation hr outsourcingPresentation hr outsourcing
Presentation hr outsourcing
 
HR Outsourcing From A to Z
HR Outsourcing From A to ZHR Outsourcing From A to Z
HR Outsourcing From A to Z
 
Training presentation on How to use BHIM SBI Pay UPI, SBI Buddy/Paytm wallet ...
Training presentation on How to use BHIM SBI Pay UPI, SBI Buddy/Paytm wallet ...Training presentation on How to use BHIM SBI Pay UPI, SBI Buddy/Paytm wallet ...
Training presentation on How to use BHIM SBI Pay UPI, SBI Buddy/Paytm wallet ...
 
HRD Challengesand Outsourcing
HRD Challengesand OutsourcingHRD Challengesand Outsourcing
HRD Challengesand Outsourcing
 
Human Resource Outsourcing (HRO)
Human Resource Outsourcing (HRO)Human Resource Outsourcing (HRO)
Human Resource Outsourcing (HRO)
 
Hr outsourcing -charitable advisors presentation
Hr outsourcing -charitable advisors presentationHr outsourcing -charitable advisors presentation
Hr outsourcing -charitable advisors presentation
 
HR Outsourcing 101
HR Outsourcing 101HR Outsourcing 101
HR Outsourcing 101
 
Hr outsourcing
Hr outsourcingHr outsourcing
Hr outsourcing
 
Hr outsourcing 352
Hr outsourcing 352Hr outsourcing 352
Hr outsourcing 352
 
Hr outsourcing
Hr outsourcingHr outsourcing
Hr outsourcing
 

Similar to Challenges Of HRD In India - Options & Priorities

Challenges of hrd in india options priorities
Challenges of hrd in india options priorities Challenges of hrd in india options priorities
Challenges of hrd in india options priorities Divya Pachchigar
 
Future of io psychologists' Journey
Future of io psychologists' JourneyFuture of io psychologists' Journey
Future of io psychologists' JourneySeta Wicaksana
 
Human Resource Development: A Conceptual Exposition
Human Resource Development: A Conceptual ExpositionHuman Resource Development: A Conceptual Exposition
Human Resource Development: A Conceptual Expositionijtsrd
 
Human Resource Management.ppt
Human Resource Management.pptHuman Resource Management.ppt
Human Resource Management.pptMbabba2
 
Leadership Challenge in the 21st Century: HR Development & the Overcoming of ...
Leadership Challenge in the 21st Century: HR Development & the Overcoming of ...Leadership Challenge in the 21st Century: HR Development & the Overcoming of ...
Leadership Challenge in the 21st Century: HR Development & the Overcoming of ...Arab Federation for Digital Economy
 
CHAPTER II-The Theory of HRD.pptx
CHAPTER II-The Theory of HRD.pptxCHAPTER II-The Theory of HRD.pptx
CHAPTER II-The Theory of HRD.pptxMariaRiezaFatalla
 
Ramakrish.ppt
Ramakrish.pptRamakrish.ppt
Ramakrish.pptMbabba2
 
Understanding HRM.ppt
Understanding HRM.pptUnderstanding HRM.ppt
Understanding HRM.pptKhubaibHikmat
 
Advanced manpower planning
Advanced manpower planningAdvanced manpower planning
Advanced manpower planningHR Spot
 
HUMAN RESOURCE DEVELOPMENT: THE NEED OF THE HOUR
HUMAN RESOURCE DEVELOPMENT:  THE NEED OF THE HOURHUMAN RESOURCE DEVELOPMENT:  THE NEED OF THE HOUR
HUMAN RESOURCE DEVELOPMENT: THE NEED OF THE HOURRolson D'souza
 
CHALLENGES-OF-PERSONNEL-MANAGEMENT-IN-EDUCATION.pptx
CHALLENGES-OF-PERSONNEL-MANAGEMENT-IN-EDUCATION.pptxCHALLENGES-OF-PERSONNEL-MANAGEMENT-IN-EDUCATION.pptx
CHALLENGES-OF-PERSONNEL-MANAGEMENT-IN-EDUCATION.pptxJaniceMoralesBatianc
 
Discussion QuestionsWhat are the key obstacles faced by the .docx
Discussion QuestionsWhat are the key obstacles faced by the .docxDiscussion QuestionsWhat are the key obstacles faced by the .docx
Discussion QuestionsWhat are the key obstacles faced by the .docxelinoraudley582231
 
Pritika metro summer internship report a study on job satisfaction at metro w...
Pritika metro summer internship report a study on job satisfaction at metro w...Pritika metro summer internship report a study on job satisfaction at metro w...
Pritika metro summer internship report a study on job satisfaction at metro w...Priyansh Kesarwani
 
Human Resource Development Model on the Poor Society In North Minahasa Regency
Human Resource Development Model on the Poor Society In North Minahasa RegencyHuman Resource Development Model on the Poor Society In North Minahasa Regency
Human Resource Development Model on the Poor Society In North Minahasa Regencyinventionjournals
 
Human Resource Overview by Dr. NP Shete.
Human Resource Overview by Dr. NP Shete.Human Resource Overview by Dr. NP Shete.
Human Resource Overview by Dr. NP Shete.avanigupta830
 

Similar to Challenges Of HRD In India - Options & Priorities (20)

Challenges of hrd in india options priorities
Challenges of hrd in india options priorities Challenges of hrd in india options priorities
Challenges of hrd in india options priorities
 
Innovative Teaching Methodologies - Imon Ghosh, Director, Academy of HRD
Innovative Teaching Methodologies -  Imon Ghosh, Director, Academy of HRDInnovative Teaching Methodologies -  Imon Ghosh, Director, Academy of HRD
Innovative Teaching Methodologies - Imon Ghosh, Director, Academy of HRD
 
Future of io psychologists' Journey
Future of io psychologists' JourneyFuture of io psychologists' Journey
Future of io psychologists' Journey
 
Human Resource Development: A Conceptual Exposition
Human Resource Development: A Conceptual ExpositionHuman Resource Development: A Conceptual Exposition
Human Resource Development: A Conceptual Exposition
 
Human Resource Management.ppt
Human Resource Management.pptHuman Resource Management.ppt
Human Resource Management.ppt
 
Leadership Challenge in the 21st Century: HR Development & the Overcoming of ...
Leadership Challenge in the 21st Century: HR Development & the Overcoming of ...Leadership Challenge in the 21st Century: HR Development & the Overcoming of ...
Leadership Challenge in the 21st Century: HR Development & the Overcoming of ...
 
emerging trends and issues in HRM
emerging trends and issues in HRMemerging trends and issues in HRM
emerging trends and issues in HRM
 
CHAPTER II-The Theory of HRD.pptx
CHAPTER II-The Theory of HRD.pptxCHAPTER II-The Theory of HRD.pptx
CHAPTER II-The Theory of HRD.pptx
 
OB -Unit-I- BBA.pptx
OB -Unit-I- BBA.pptxOB -Unit-I- BBA.pptx
OB -Unit-I- BBA.pptx
 
Ramakrish.ppt
Ramakrish.pptRamakrish.ppt
Ramakrish.ppt
 
Synopsis
SynopsisSynopsis
Synopsis
 
Understanding HRM.ppt
Understanding HRM.pptUnderstanding HRM.ppt
Understanding HRM.ppt
 
Advanced manpower planning
Advanced manpower planningAdvanced manpower planning
Advanced manpower planning
 
HUMAN RESOURCE DEVELOPMENT: THE NEED OF THE HOUR
HUMAN RESOURCE DEVELOPMENT:  THE NEED OF THE HOURHUMAN RESOURCE DEVELOPMENT:  THE NEED OF THE HOUR
HUMAN RESOURCE DEVELOPMENT: THE NEED OF THE HOUR
 
CHALLENGES-OF-PERSONNEL-MANAGEMENT-IN-EDUCATION.pptx
CHALLENGES-OF-PERSONNEL-MANAGEMENT-IN-EDUCATION.pptxCHALLENGES-OF-PERSONNEL-MANAGEMENT-IN-EDUCATION.pptx
CHALLENGES-OF-PERSONNEL-MANAGEMENT-IN-EDUCATION.pptx
 
Discussion QuestionsWhat are the key obstacles faced by the .docx
Discussion QuestionsWhat are the key obstacles faced by the .docxDiscussion QuestionsWhat are the key obstacles faced by the .docx
Discussion QuestionsWhat are the key obstacles faced by the .docx
 
Pritika metro summer internship report a study on job satisfaction at metro w...
Pritika metro summer internship report a study on job satisfaction at metro w...Pritika metro summer internship report a study on job satisfaction at metro w...
Pritika metro summer internship report a study on job satisfaction at metro w...
 
Human Resource Development Model on the Poor Society In North Minahasa Regency
Human Resource Development Model on the Poor Society In North Minahasa RegencyHuman Resource Development Model on the Poor Society In North Minahasa Regency
Human Resource Development Model on the Poor Society In North Minahasa Regency
 
HRM.ppt
HRM.pptHRM.ppt
HRM.ppt
 
Human Resource Overview by Dr. NP Shete.
Human Resource Overview by Dr. NP Shete.Human Resource Overview by Dr. NP Shete.
Human Resource Overview by Dr. NP Shete.
 

More from Imon Ghosh - 3,100+ 1st level connections (7)

Reducing Poverty to Accelerate India's Economic Growth
Reducing Poverty to Accelerate India's Economic GrowthReducing Poverty to Accelerate India's Economic Growth
Reducing Poverty to Accelerate India's Economic Growth
 
HRM, OD and Whole Systems Transformation
HRM, OD and Whole Systems TransformationHRM, OD and Whole Systems Transformation
HRM, OD and Whole Systems Transformation
 
Enhancing the Development Impact of the SGSY
Enhancing the Development Impact of the SGSYEnhancing the Development Impact of the SGSY
Enhancing the Development Impact of the SGSY
 
Leveraging Your Employee Value Proposition - Imon Ghosh
Leveraging Your Employee Value Proposition - Imon GhoshLeveraging Your Employee Value Proposition - Imon Ghosh
Leveraging Your Employee Value Proposition - Imon Ghosh
 
Imon's presentation at the IDSA and FICCI Knowledge Forum Shillong
Imon's presentation at the IDSA and FICCI Knowledge Forum ShillongImon's presentation at the IDSA and FICCI Knowledge Forum Shillong
Imon's presentation at the IDSA and FICCI Knowledge Forum Shillong
 
Imons NHRDN EVP Talk On 20th May 2011
Imons NHRDN EVP Talk On 20th May 2011Imons NHRDN EVP Talk On 20th May 2011
Imons NHRDN EVP Talk On 20th May 2011
 
International HR Management
International HR ManagementInternational HR Management
International HR Management
 

Challenges Of HRD In India - Options & Priorities

  • 1. Challenges of HRD in India: Options & Priorities - Imon Ghosh director@academyofhrd.org
  • 2. In this talk: • Can HRD have an impact beyond the corporate sector, and transform society? • Enhancing capability in the informal sector. • Leveraging India’s demographic dividend through better education and skills. • Key human development indicators. • Actionable ideas to reduce poverty and accelerate economic growth.
  • 3. Human Resources “The human resource movement has over- emphasized Resource and considerably de-emphasized the Human element.” - Dr. D.M. Pestonjee
  • 4. Developing Competence • Competent people drive results, whether in the armed forces, civil services etc. • Competence is the ability of an individual to perform a job properly. Some scholars see “competence” as a combination of knowledge, skills and attitudes or behaviours used to improve performance. • The term gained traction in 1973 when Dr. David McClelland wrote a seminal paper on “Testing for Competence Rather Than Intelligence.”
  • 5. Is HR’s focus too narrow? • Highlighting that 42 percent children were underweight in a country witnessing high growth, Prime Minister Manmohan Singh recently described it as a national shame. • Every 15 seconds, an infant dies in India according to Save the Children.
  • 6. How can HR intervene? • A major cause of infant mortality is the unavailability of trained medical doctors in rural areas. • Over 80% of the limited numbers of medical graduates prefer to work in urban areas (not well paid in rural areas; lack of educational facilities for children etc.) • Recruitment exams for rural docs sporadic. • Ad hoc appointments, without benefits.
  • 7. HR impacts in unlikely places • International cricket match abandoned in Delhi due to poor pitch conditions. • Lehman Brothers, with over 600 billion US dollars in assets, files for bankruptcy protection on September 15th, 2008. Poor Talent Management practices a key contributor to its downfall …
  • 8. The Pestonjee 3H model • Hands: During the early part of industrialization, and today in the unorganized sector, the only relationship between the employer and employee was the relationship of hands. • Head: Intellectual capital, cognitive abilities. • Heart: Employee engagement, satisfaction and happiness.
  • 9. Can HRD impact the Informal Sector? Industrial Category No. of persons (in millions) Formal Sector Informal Sector Agriculture 1.39 238.87 Non-Agriculture 26.68 131.5 Mining & Quarrying 1.01 1.25 Manufacturing 6.71 37.07 Electricity, Gas And Water 1 0.04 Construction 1.17 16.36 Trade, Hotels And Restaurants 0.49 40.37 Transport, Storage & Comm. 3.15 11.48 Financial Services 1.65 3.29 Community Services 11.49 21.64 All Sectors 28.07 (93%) 370.37 Year: 1999/00 (Total labour force: 406 million) (GDP share: 63%)
  • 10. Can HRD impact the Informal Sector? • Decent Work: According to the ILO, Decent Work involves opportunities for work that is productive and delivers a fair income, security in the workplace and social protection for families, better prospects for personal development and social integration, freedom for people to express their concerns, and participate in the decisions that affect their lives.
  • 11. Do demographics matter? • India’s unique demographic position: is a reverse colonization imminent? • The fiscal impact of ageing populations, and link to deficits. • Japan in the 1980s; Europe and North America today. • Even China will peak in 2025 due to its one child policy … while India continues as a “young” nation till 2065.
  • 12. Education and skills are key • To productively engage India’s youth • “Cut-off” anti-social and anti-national activities • Strengthen India’s economy • Address global skilled manpower shortages …
  • 13. Findings of a research study in comparative teaching methodologies Source : Professor Rafiq Dossani, Stanford University
  • 14. Findings of a research study in comparative teaching methodologies Source : Professor Rafiq Dossani, Stanford University Institution IIT Madras Stanford University Number of class Hours Self directed work (alone or in groups) 30 13 25 40
  • 15. Teaching Methodologies @ AHRD • Strong Research Focus • Provoking Thinking / Encouraging Curiosity • Promotion of Collaborative Learning • Customized learning that addresses individual work issues • Applying Knowledge / Developing Competencies • Action Learning / Practical Orientation • Life and Work Experience Sharing • Learning Network of Experienced Peers
  • 16. Research @ Academy of HRD • A Study of the Effectiveness of HRD Audit as an OD Intervention • Mentoring Processes in Indian Organizations: An Exploratory Study • A Study of Relationship between Human Resources (HR) Practices and Performance of Business Organizations • Individual Factors Associated with Career Success and Growth in an Indian Insurance Organization • A Study of Relationship between Strategic Responses of Organization and Worker Development System Variables • A Study of the Changed Business Environment on Roles and Performance of Bank Officers • A Study of Impact of Sensitivity Training on the Behavior and Performance of Bank Officers • A Study of Managerial Leadership Styles and Behavioral Preference of Subordinates in Relation to Role Efficacy and HRD Climate • AMTs and Shop Floor Personnel Motivation • Gender, Micro-credit and Human Resource Development of Delivery Personnel in the Context of Credit Seeking Rural Poor Women
  • 17. Research @ Academy of HRD A Study of Professional Values, Value Conflict and Coping Mechanisms of HRD Professional Determinants of Organization and People Related Initiatives in Planning and Executing Strategic Decisions in Indian Organizations A Study of Impact of Cultural Variables on Organizational Commitment and Work Commitment amongst Indian Managers: A Cross-Cultural Study amongst Indian and German Managers Relationship between Career Anchors, Human Resource Practices, Organizational Commitment and Turnover Retention : A Study of IT Professionals Relationship between Management Style, Organization Culture and Performance on Council Affiliated (ICSE) Schools in Twin Cities Measurement of Organizational Citizenship Behavior of Professionals in High Technology Software Organizations An Assessment of the Role of HR in the Indian Corporate Sector Identification of Competencies of Software Project Managers in Software Organizations
  • 18. Research @ Academy of HRD Factors Influencing Employee Participation in Knowledge Management: A Study in an Indian IT Company A Study of the Effects of Information Technology on Alienation at the Workplace Role Evolution Process of a Professional HRM Role in Organizations A Study of Personal Values and Impact of Personal-Organizational Value Congruence on Commitment in an Indian PSU A Study of the Competency Based HR practice in Indian Organizations Study of the relationship Between empowering Forces and the Empowering Process Among Women in Managerial position in Business Organization Antecedents / factors Affecting the Organizational Transformation Study of Organizational Climate, Role Stress, Learned Helplessness and Interpersonal Needs and Their Impact on Performance of the Indian Banking Industry The Relationship Between Occupational and Organizational Commitment of Software Professionals in India: Moderation by HRM Practices
  • 19. GenY Research Project @ AHRD • Objective: An exploration of Gen-Y's characteristics with respect to career aspirations, their attitude towards work, and implications for HR policies and practices in the years to come.
  • 20. Publications @ Academy of HRD Books: • Developing Leadership for the Global Era: HRD Perspectives and Initiatives • Pioneering Human Resource Development: The L&T System • Measuring Organizational Climate • Road to Empowerment: HRD Experiences with Workers and Support Staff • HRD Philosophies and Concepts: The Indian Perspective • Management Processes in Universities
  • 21. Publications @ Academy of HRD Occasional Papers • Corporate Leadership in The 21st Century Educational CDs • Dream or Nightmare • Appreciative Inquiry for Organizational Change
  • 22. An essential insight …The greatest innovation in teaching methodology for higher education may simply be the realization that adult learners aren’t children!
  • 23. Moving from Pedagogy to Andragogy • Pedagogy (pèd-e-go´jê) literally means the art and science of educating children and often is used as a synonym for teaching. More accurately, pedagogy embodies teacher-focused education. In the pedagogic model, teachers assume responsibility for making decisions about what will be learned, how it will be learned, and when it will be learned. Teachers direct learning.
  • 24. Moving from Pedagogy to Andragogy • Whether or not this is the best model for child education, it is clearly inadequate for adult learning, particularly when it comes to work or career-related learning within the process of human resource development. HRD requires a more active approach from the learner which takes account of individual experience.
  • 25. Moving from Pedagogy to Andragogy • In an attempt to formulate a comprehensive adult learning theory, Malcolm Knowles, in 1973, published the book The Adult Learner: A Neglected Species. Building on the earlier work of Lindeman, Knowles asserted that adults require certain conditions to learn. He borrowed the term andragogy (and-rè-go´jê) to define and explain the conditions.
  • 26. Moving from Pedagogy to Andragogy • The andragogic model asserts that five issues be considered and addressed in formal learning. They include (1) letting learners know why something is important to learn, (2) showing learners how to direct themselves through information, and (3) relating the topic to the learners' experiences. In addition, (4) people will not learn until they are ready and motivated to learn. Often this (5) requires helping them overcome inhibitions, behaviors, and beliefs about learning.
  • 27. Moving from Pedagogy to Andragogy • The following comment by Lindeman gives you a flavour: "...the teacher finds a new function. He is no longer the oracle who speaks from the platform of authority, but rather the guide, the pointer-outer who also participates in learning in proportion to the vitality and relevancy of his facts and experiences."
  • 28. Moving from Pedagogy to Andragogy • Andragogy, initially defined as "the art and science of helping adults learn," has taken on a broader meaning since Knowles' first edition. The term currently defines an alternative to pedagogy and refers to learner-focused education for people of all ages.
  • 29. Moving from Pedagogy to Andragogy • In the information age, the implications of a move from teacher-centered to learner- centered education are staggering. • Postponing or suppressing this move will slow our ability to learn new technology and gain competitive advantage.
  • 30. Accelerated Learning • More has been discovered about how the human brain works in the last 25 years than in all history to date. • The Accelerated Learning Method is based on that research. • We each have a preferred learning style — a way of learning that suits us best. If you know and use the techniques that match your preferred way of learning, you learn more naturally.
  • 31. Accelerated Learning • We now know that we do not have a fixed single IQ, but a range of at least seven or eight different forms of intelligence. You will tend to develop some of these intelligences more than others and prefer to use them. And those differences help account for your personal learning style. • The secret is this: When the way you are taught closely matches the way you like to learn, results improve significantly and the time you take to learn is reduced.
  • 32. Drive out fear … • “Drive out fear, so that everyone may work effectively.” - W. Edwards Deming, quality guru. "The economic loss from fear is appalling," • When people are afraid for their jobs, afraid of management, afraid of being punished for making mistakes, productivity suffers - and it suffers considerably. Fear in the workplace, no matter how subtle, does not improve productivity. • This applies to learning as well! Yet, far from driving out fear, our education system often enhances student stress through its examination and grading systems, ranking etc. instead of promoting a passion for the subject, and life-long learning.
  • 34. 34 India - some facts India–17% world population, 5% land mass and 1.5% water resources – 26.1% population Below Poverty Line; – 26% population illiterate; – 30% infants with low birth weight; – 47% children underweight for their age (5 years); – 18% population without improved water source; – 42% population without access to latrines; – 21% population under-nourished; – and so on …….
  • 35. 35 HDI – a comparison HDI Rank Country HDI Life Exp’y at birth (yrs) Per capita GDP (US$) Adult literacy rate 1 Norway 0.963 79.4 37,670 > 99.0 6 Sweden 0.949 80.2 26,750 > 99.0 10 USA 0.944 77.4 37,562 > 99.0 11 Japan 0.943 82.0 27,967 > 99.0 15 UK 0.939 78.4 27,147 > 99.0 85 China 0.755 71.6 5,003 90.9 93 Sri Lanka 0.751 74.0 3,778 90.4 127 India 0.602 63.3 2,892 64.0 134 Bhutan 0.536 62.9 1,969 47.0 136 Nepal 0.526 61.6 1,420 48.6 177 Niger 0.281 44.4 877 14.4
  • 36. Source: UNICEF 2008 Condition of children in India & China
  • 37. 37 Challenges – many Courtesy: Shri Bharat Lal, Resident Commisioner, Govt. of Gujarat
  • 38. 38 Inclusive growth ??? Item For all STs Households without access to electricity 38.6 63.5 Villages not electrified 19.5 47.8 Households without drinking water source within premises 54.8 84.8 Households without latrine 57.7 83.0 Rural BPL population 27.11 54.14 Households without permanent houses 42.3 75.6 In spite of expanding economic opportunities, 81% STs still either cultivators (small landholding) and or agriculture labourers against national average of 53.2% (in percent)
  • 39. 39 Few key indicators Parameter For all For STs % Literacy rate 74.84 47.1 Infant mortality 67.6 84.2 Neo-natal mortality 43.4 53.3 Child mortality 29.3 46.3 % Institutional deliveries 33.6 17.1 % women with anemia 51.8 64.9 Childhood vaccination 42.0 26.4
  • 40. Co-creating solutions • I invite you to explore with me, and co- create solutions for inclusive growth that can economically empower 800 million people in rural India alone! • No idea is so good that it cannot be improved upon … or so bad that it cannot be used as a stepping stone to a better idea!
  • 41. Actionable ideas to reduce poverty • Can India’s rural economy be an engine for growth? • “The problems of widespread poverty, growing inequality, rapid population growth and rising unemployment all find their origins in rural areas …” • “There can be no national development without rural development.” - Dr. Michael Todaro
  • 42. Actionable ideas to reduce poverty • If we can empower the 800 million Indians who live in 600,000 villages and enhance their disposable income, what impact would that have on … • The Indian, and global economy? • Maternal health? • Nutrition and infant mortality? • Life expectancy? Would this be a worthwhile initiative?
  • 43. Actionable ideas to reduce poverty • The economic prospects for rural development are far from bleak … indeed, they show an astonishing robustness: • Small scale and cottage industries employ over 10 times as many people as heavy industry (despite restricted access to credit). • Reduce regional disparities. • Wide range of output.
  • 44. Actionable ideas to reduce poverty • Stem rural-urban migration: the Lewis-Fei- Ranis econometric model, and the Todaro Migration Model. • The rural economy’s development potential, and growth of the entire Indian economy, are not going to be achieved without the availability of (a) affordable credit, (b) in adequate quantities (c) at the right time.
  • 45. Actionable ideas to reduce poverty • There is a need to rethink the appropriate institutional structure for rural banking. • Unit banking superior to branch banking for delivering rural credit. • How does one establish unit banks in India’s 600,000 villages? • Leverage India’s ancient tradition of indigenous banking.
  • 46. Actionable ideas to reduce poverty • Integration of India’s financial markets essential for effective monetary policy. • Shabby treatment, limited influence. • Wooing India’s indigenous bankers. • The Imperial Bank succeeded where others failed. • Extend the RBI’s influence in India’s traditional financial markets.
  • 47. Actionable ideas to reduce poverty • An interdisciplinary approach necessary for success. • Mahatma Gandhi’s vision for rural India. • The modern concept of development includes life-sustenance (ability to provide basic human needs), self-esteem, and freedom from servitude (of not being used as a tool by others for their own ends).
  • 48. Actionable ideas to reduce poverty • A 2 page executive summary, and the full text of the original 1992 paper on Reducing Rural Poverty and Accelerating India’s Economic Growth can be downloaded from the “Free Resources” link at www.imonghosh.com
  • 49. Some closing thoughts • “Corruption and good political governance have to be addressed to reduce poverty.” – Lt Gen (Retd) Arjun Ray, PVSM, VSM • Uniting India’s economy: does India need a free trade agreement with itself? • Macro-prudential policies, and unregulated OTC derivatives with counterparty risk. • Concerns about the new global accounting standards (GAAP) India is about to adopt.