No, this isn't just another business cycle. The world is changing-and India more than most places. As in previous periods of great change, such as the oil crisis of the 70s, and N the breakup of the Soviet Union and India's economic liberalization in the early 1990s, this time feels different. The spread of technology, climate change, and the rise of Asia are just three of the forces that are re-shaping the global economy.
India is well placed not only to adapt to these changes, but to use them to catalyse truly sustainable and inclusive growth. This could be India's Century. There is potential to create 600 million new jobs and increase per capita incomes sixfold by 2047.
To get there, effective government action is required, in the form of improving our human capital and physical infrastructure. But the private sector also has a massive role to play. India Inc has come into its own over the past 30 years; that said, it can still raise its game.
Here are five priorities.
Denne historien er fra January 17, 2023-utgaven av Mint Mumbai.
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Denne historien er fra January 17, 2023-utgaven av Mint Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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