Market Unbound ; the Challenge for India Lies in Being Connected-the Essential Precondition for Building a Competitive and Innovative Economy.

Summary

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When I think about India's emerging economic clout on the world scene, I am reminded of Victor Hugo's famous quote: "No power on Earth can stop an idea whose time has come". This was made more famous, although in a different context, here in India by one of Dr Manmohan Singh's Budget speeches in the 1990s. Today, many global observers perceive a sense of inevitability about India's rising economic status alongside China in the long run. I have no hesitation to weighing in with this rapidly growing group.

However, I also believe that "nothing happens until you make it happen". Hence, clear advantages notwithstanding, Indians have to make it happen. Every stakeholder- from political leaders, bureaucrats and entrepreneurs to farmers and artisans in the countryside-needs to play out his designated role to usher in the big transformation.

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Market Unbound ; the Challenge for India Lies in Being Connected-the Essential Precondition for Building a Competitive and Innovative Economy.

For India, the big advantage lies in being a young nation. More than half of India's population today is below 25 years and, more importantly, about 40 per cent is below the age of 18. If the future ageing pattern is compared to the rest of the world, it becomes evident that our youthfuln...

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