Q/The G20 has come at a time when India has emerged as a global power.
A/ We are the fifth largest economy; by 2027, we should hopefully be the third largest. We have carried out structural reforms Goods and Services Tax, Insolvency and Bankruptcy Code, Real Estate (Regulation and Development) Act, lowering of the corporate tax, and reforms for ease of doing business.
India has built 40 million houses, which is more than the population of Australia; 110 million toilets, which is more than the population of Germany; 223 million water connections, which is more than the population of Brazil. And 55,000 kilometres of roads.
One big [achievement] is the technological transformation, digitising India. Every Indian has an identity. We created 550 million bank accounts during 2015-17. We linked them up with Aadhaar and mobile. We do 46 per cent of the real fast payments in the world. A good G20 presidency is a function of the political and development narrative.
Q/But the per capita income is lower than in many regions of the world. How do we address this problem?
A/ There is no reason why our per capita income should not grow, if we get into a high accelerated growth rate of 8 per cent plus over the next three decades. Japan grew at those rates, post World War II. Between the 70s and 90s both Korea and Taiwan grew at 9 per cent. Between 1990 and 2010, China grew at those rates.
We need to be far more ambitious and reform oriented. The Union government has done its bit. Now, reforms need to be carried out at the state level. India needs to fire on all cylinders. It is not just the services sector; you need to fire on urbanisation.
Q/How did we choose the theme One Earth, One Family, One Future?
هذه القصة مأخوذة من طبعة September 10, 2023 من THE WEEK India.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة September 10, 2023 من THE WEEK India.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
William Dalrymple goes further back
Indian readers have long known William Dalrymple as the chronicler nonpareil of India in the early years of the British raj. His latest book, The Golden Road, is a striking departure, since it takes him to a period from about the third century BC to the 12th-13th centuries CE.
The bleat from the street
What with all the apps delivering straight to one’s doorstep, the supermarkets, the food halls and even the occasional (super-expensive) pop-up thela (cart) offering the woke from field-to-fork option, the good old veggie-market/mandi has fallen off my regular beat.
Courage and conviction
Justice A.M. Ahmadi's biography by his granddaughter brings out behind-the-scenes tension in the Supreme Court as it dealt with the Babri Masjid demolition case
EPIC ENTERPRISE
Gowri Ramnarayan's translation of Ponniyin Selvan brings a fresh perspective to her grandfather's magnum opus
Upgrade your jeans
If you don’t live in the top four-five northern states of India, winter means little else than a pair of jeans. I live in Mumbai, where only mad people wear jeans throughout the year. High temperatures and extreme levels of humidity ensure we go to work in mulmul salwars, cotton pants, or, if you are lucky like me, wear shorts every day.
Garden by the sea
When Kozhikode beach became a fertile ground for ideas with Manorama Hortus
RECRUITERS SPEAK
Industry requirements and selection criteria of management graduates
MORAL COMPASS
The need to infuse ethics into India's MBA landscape
B-SCHOOLS SHOULD UNDERSTAND THAT INDIAN ECONOMY IS GOING TO WITNESS A TREMENDOUS GROWTH
INTERVIEW - Prof DEBASHIS CHATTERJEE, director, Indian Institute of Management, Kozhikode
COURSE CORRECTION
India's best b-schools are navigating tumultuous times. Hurdles include lower salaries offered to their graduates and students misusing AI
