How to make India grow very fast and become rich?

Discussion in 'Economy & Infrastructure' started by HariPrasad-1, Jun 13, 2016.

  1. HariPrasad-1

    HariPrasad-1 Senior Member Senior Member

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    Hi friends,

    I am starting this thread to discuss the ways and means to make india grow rapidly and eliminate poverty and become a highly rich country. I believe that India has all the building blocks to become a rich country.

    What are the sectors of economy where we should focus and what are the policy we should adopt to make india rich and grow rapidly. What are the changes we require in policy frame work and taxation stricture we should adopt to increase revenue and eliminate theft of tax revenue.

    What are the sectors which are not in limelight but we have a great potential to be the booming sector and what we need to do at micro economic level to strengthen and make a fundamental change in Indian economy to make it a bit pro rural and how the rural income and employment can be increased?

    I have lots of idea and i am going to discuss them one by one. I Hope that all of you will participate into this thread and give your idea. This thread will become a idea bank in a short period of time.
    So let us discuss. I hope that Moderators will not ban this thread like they did to my previous thread of Grass root changes in India.

    Let us discuss.

    @Indx TechStyle, @Navnit Kundu , @Bornubus , @porky_kicker ,@Yusuf , @Screambowl
     
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  3. HariPrasad-1

    HariPrasad-1 Senior Member Senior Member

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    India's Electronic market is very large compared to what we produce. We have a sale of over 14 Crore Mobiles every year with a turn over crossing 1 lakh crore. It is very unfortunate that inspite of such a big market, Many top companies gets their phones manufactured abroad and than transfer them india for sale. We must make policy and tell the mobile hand set manufacturers to start production of their mobile 31/03/2018 or pay 100% additional custom duty. They should be given a dead line to procure all the parts from India only or pay 200% additional duty by 31/03/2019. Failing to which will make their mobile handset very costly to salable. This will give an explosion in Indian electronic market. Look at tiny taiwan and their manufacturing of electronics goods. It is mind boggling. We can not simply be a market where the others will milk us. We must consistently mount pressure on them to get more and more push for indigenization. We must do the same for other electronics goods as well. Our philosophy should be simple. If you want our market, make in India. If you can not than quite. This is an are where we are lagging behind. If we can strengthen our Electronics market, we can take a giant stride and outclass china, Japan and Taiwan like country and can have a huge chunk of international share.
     
  4. Yumdoot

    Yumdoot Regular Member

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    Re. Electronics
    Sorry, but have you gone through this:
    http://deity.gov.in/esdm/tariff



    and this, from our lovely allies :p.



    http://www.ictsd.org/bridges-news/b...tent-requirements-will-not-affect-india-solar
    By 60th day the US and India were enjoying a shared symphony for MTCR and NSG both of which are now in our bag (well more or less). :pound:And all due to our allies - the US of A.
     
  5. porky_kicker

    porky_kicker Regular Member

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    @HariPrasad-1

    industrialization , globalization is good but to the extent it benefits us, we must integrate our economy with the global ecomony and at the same time we must isolate our economy from the ill effects of global economic shenanigans.
    we must have a fine balance between the two
    the key to it is the economic upliftment of villages since soul of india is in villages


    i am not a economics expert
    what i know is from what i have experienced in my travels and heard from others.

    i will share a experience of mine

    years ago i was a in-charge of rural electrification project in an Indian state .

    i had around 250 villages under me

    the village/rural people were helpful most of the time if u choose to ignore village to village rivalries , family to family rivalries and other such similar situations.

    the most disappointing and appalling factor which opened my eyes was the nature of the so called educated people.

    a village head men who was the head master of the school in the village and by far the most educated person there was the reason behind stalling of electrification work in that village , that village was without any electricity right from the time of independence and how much i told them that if they did not get connect to the grid they will be without electricity for the next 60 years.

    the bone of contention was the head master wanted the high tension 11kv lines to pass right though the middle of the village right next to his home so that someday he could set up a welding shop without any difficulty.

    when we told him that was out of question due to safety reasons and against laid down rules , he started to black mail us saying he will not allow work to start if his demands are not meet.

    unfortunately the village was left out and 2 months later i resigned due to political interference etc so i dont know whether the village got connected to the grid or not.

    more than often i have come across so called educated people and people in power who think themselves above others and pose hindrance to the good work of other people .


    we have got to change the mind set of the people first
    we must tell education is a good thing
    but also tell them the most important thing is the way you utilize your education without any prejudice and with humility .
    and that only then your education is worth it otherwise it is just a piece of toilet paper.

    now lets get to the main topic

    one must think small, start small and let your efforts do the big talking (since my emphasis is on grass root level where big finances, big markets etc are initial problems )

    for that you will need
    1.access to information/people who can help them
    2.access to finances
    3.access to human resources
    4.access to markets

    1.access to information : this is the main problem , people especially from rural areas don't know where to go for information about government/non governmental schemes , ideas etc .
    problem is not about connectivity but rather finding the right pool of information relevant to the needs of the concerned people.
    also the people face problems getting info/help from the people in charge of providing the said help .

    take the example of the agricultural universities , the graduates coming out of these universities are totally disconnected from the real life problems faced in the Indian agricultural sectors.
    reason being they know the theoretical aspect but lack the practical aspect and also most are insensitive to the poor people/villagers problems

    a simple solution would be to implement 2 years to study the theoretical aspect in the universities itself and then the next 2 years in villages to implement their knowledge.
    their time spent with the poor villagers etc will help to see the difficulties faced by the villagers in a real way and in turn help them to connect with them emotionally which will further motivate them in their professional lives later on.

    2..access to finances
    my experiences in rural sector tells me self help is the best help, once you can fund your projects even ten percent , it increases the confidence of the stakeholders in a big way and then once ur project gets going financial help from external institutions are easy to get but still many hurdles have to be faced main bureaucratic and mindset related.

    3.access to human resources (internal/external)
    believe me getting people together in a village for anything is a headache.
    the solution is to involve women folk , more than often women will succeed to bring together the warring factors together.
    when ever i used to run into problems during the electrification work in villages i would scout for women folks and put forward my views before them and then 99% of the times things would work out .
    benefit of being a ladies man LOLzzz
    on serious note no of small scale industries where women can involve themselves is mind boggling and will help to increase the family income levels manifold.

    external human resource is another sad story.
    Indian education mainly agricultural civil works etc is totally disconnected from the rural sector the people are more interested in government jobs or urban posting . i blame the education sector for it.
    if students are made to intern in rural areas and villages they will connect and identify themselves with the problems faced by the communities and will be motivated to work for their and others upliftment.

    4.access to markets(local/external)
    1.railway freight system has to be revamped drastically
    2.middle men category has to be sanitized about the benefits of mutual all around growth of all the sections of the the society.
    3.taxation and inter state movement of goods has to be revamped
    etc
    4.digitization of marketing so that a startup in a rural area can market their goods anywhere in the country and in the world

    eliminating poverty and becoming rich are two contradictory things

    i believe in self satisfaction and self dependence and self independence in finance
    village and rural people need to become self satisfied and self dependent and self independent first.
    let us do this in a dharmic way

    while the urban India can go with industrialization in parallel
    i am proposing two engines of growth which will back up each other and provide India with a strong economic redundancy in-case of global meltdown.

    the urban India - industrialization
    the rural India - agriculture and small scale industries

    MAKE IN INDIA can can easily be modified to MAKE AND DEVELOP IN INDIA

    and lastly i am no intellectual like baki dutt, arudhathi roy etc just a ordinary citizen who wrote from his experiences so please feel to disagree with me
     
    Last edited: Jun 13, 2016
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  6. HariPrasad-1

    HariPrasad-1 Senior Member Senior Member

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    It is all OK but very general in nature. If you can specify some very specific measures than it will be very fine.
     
  7. HariPrasad-1

    HariPrasad-1 Senior Member Senior Member

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    An another aspect what I want to discuss here is that while investing the money for development, you must know what is the priority of the area and what are the economic benefits of that investments.

    I see crore of Rupees are wasted in Manarega by uselessly digging the pits in surrounding of the village unproductively. Rather, a plan should be worked out to create those assets which are absolutely necessary for the villges. They may be either creating the water retention bodies like Lakes, wells etc. Or as vinoba bhave hs suggested, each village should have its medicine gardens with basic medicine plants such as Galo, Ashwagandha, alovera, Tulsi etc . 40 or 50 species of plant must be planted to take care of diseases generally happening in that area. Villagers must be educated in general medicines for various diseases. A village specific plan should be worked out to spend Manarega money. Like Anna Hazare had done in his village, One orchid of fruits should be build to see that whole village can get fresh fruits and make some money by sale of the vegetables and fruits. If we spend that huge chunk of 50000 crore manarega money wisely, we can change the faces of villages. Cleanliness and making villages green should be made mandatory at Sarapanch level. Likewise ground water recharging must be made compulsory in big housing schemes in city.
     
  8. porky_kicker

    porky_kicker Regular Member

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    will answer u r questions later
     
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  9. HariPrasad-1

    HariPrasad-1 Senior Member Senior Member

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    An another area need a serious look and simplification is taxation. Laws are such complected that all differs in interpretation. If you go to court, judge will differ in interpretation. A huge tellent of genius chartered accountants and cost accountants is wasted in compliance. Compliance have become so dominant and difficult now a days that compliance itself has become a big task. Today nobody talks about tax planning and financial planning. The compliance itself has become very cumbersome that tax planning and financial planning has become almost irrilevent in small business now a days. Government must simplify the tax law to have some free time to accountant and finance executives to do financial planning. I can bet that if all finance talent is diverted in financial planning and security analysis, India can soon become a very rich country And we can control the whole share market and finance market of the world. However unfortunately, we are stuck into complex tax regime and our valuable talent is getting lost in this dirty tax laws and compliance.
     
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  10. Kshatriya87

    Kshatriya87 Senior Member Senior Member

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    Set-up a number of industries. Increase exports all over the world. That will give us the kind of growth that Germany received.
     
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  11. HariPrasad-1

    HariPrasad-1 Senior Member Senior Member

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    Please elaborate..................
     
  12. Kshatriya87

    Kshatriya87 Senior Member Senior Member

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    The world war 2 had destroyed entire cities & industries of germany. They had to be re-built. The Marshall Plan was introduced wherein entire cities & industries were re-built on the allied power's money. This happened because of cold war. Industries needed to be re-built and production needed to be increased for the "inevitable" war with Russia. It turned out to be a cold war though.

    Anyways, war never happened. All industries remained in Germany. The production remained the same. But now the profits were going to Germany.

    Of course our situation is not like Germany where we have to re build everything. We need to set up large scale industries in both public and private sector and manufacture products that can be exported all over the world. We don't even need to worry about cheap labour like germany which relies on immigrants. We have more than enough manpower in India and cheap too. Once the exports start, economy booms.
     
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  13. HariPrasad-1

    HariPrasad-1 Senior Member Senior Member

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    An another area of focus should be electricity savings. Which includes,
    1) Power saving devices such as Power factor correction devices
    2) Low electricity consumption devices such as LED lamps and inverters etc.

    There are many areas where the proper device makes a big difference. An invertor A/C can reduce electricity consumption by half and LED bulb can reduce electricity consumption by 1/3 to even 1/10th. This is big gain. As modi said, government is planning to save 20000 MW electricity by applying electric bulbs. To produce 20000 MW electricity, an investment of Rs 100000 crore is required and there will be an additional cost of at least Rs 3 every KW. This will reveal the power of saving the electricity. Bloody we can save tens of thousands of crore Rs by simply using LED bulbs. Economic cost of that is even more. To produce every unit of electricity, 3000 liter of water is required. This means 3000*20000 liter of water per Hour. it is 60000000 liter of water every hour and 1440000000 liter per day. Out of which 1500 village can be provided water every day. We can reduce carbon dioxide emission by 7 lakh tons every day. This are big big gains.

    By applying power factor correction devices, we can save atleast 10% electricity at home. This is equally important. and economic benefits of these are much more than the financial benefits we receive. We have a very good chance of savings 30000 MW And that is equal to generating 45000 MW (Considering transmission looses and auxiliary consumption) of electricity which will require around 250000 crore of investment and and 50000 crore rupees of fuel every year. These are big big amounts. Only taking corrective steps in electricity savings may turn us into electricity surplus state. Our fiscal deficit shall down by a very big amount. Look how much big difference can some small steps can make. This single step has a potential to transform India.
     
  14. Kshatriya87

    Kshatriya87 Senior Member Senior Member

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    Oh, if you want to help the economy with electricity, I can't think of a better option than geothermal energy. Set-up geothermal power plants across India. You won't need any kind of fuel, uranium, water in measures of a dam, solar panels or wind. Just geothermal heat. This energy is always replenishing and can never be exhausted, no matter how much you extract it as it gets replenished every day by the sun.

    There is just one time set-up cost along with maintenance. You don't need other manufactured technology like solar panels. Expensive imports like nuclear fuel which has the head ache of nuclear waste disposal. And since this energy is free, you are completely independent of the world trade powers.

    Not only it is very cheap, but also clean. I have a really hard time thinking about why India is not investing as much as they should in this when countries like Iceland (which of course is a far colder country) are investing and generating electricity through this.
     
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  15. HariPrasad-1

    HariPrasad-1 Senior Member Senior Member

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    Where in other parts of worlds these Geothermal plants are located? Are they economically viable?
     
  16. Kshatriya87

    Kshatriya87 Senior Member Senior Member

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    There are many but a few major players I can think of are USA, Iceland, Italy, Philippines, Mexico, Indonesia etc. These countries generate hundreds of MW of power per plant. Given India's infrastructure and current drive for clean energy, we can easily set up plants that can produce thousands of MW of energy.

    And like I said, this energy is inexhaustible and clean. Given the fact that India is HOT (great amount of heat lodged in central and southern Indian land), we should have been leading in this. Hence preventing unwanted cost of procuring wind mills, solar panels, nuclear fuels, dam waters etc.
     
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  17. Kshatriya87

    Kshatriya87 Senior Member Senior Member

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  18. Indx TechStyle

    Indx TechStyle Perfaarmance Naarmal Senior Member

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    If current growth rate goes on, we can easily change ourselves into a second world country within two decades. But for being developed and high income economy, we need 40-50 years.
     
  19. Indx TechStyle

    Indx TechStyle Perfaarmance Naarmal Senior Member

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    But whom you'll export.
    We are setting up industries very fast but exports are falling because economies of importers isn't good condition.
    Our GDP per capita growth is substantially high and improvement rate of HDI, poverty ratio and other indexes is enough.
    @HariPrasada-1 seems to be in hurry otherwise, India will surely be a better place in due course of time.
     
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  20. porky_kicker

    porky_kicker Regular Member

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    for the first part i will stress on is digitization of rural/villages of India ,that is digital India impact on agricultural sector since it is the main source of livelihood in villages and rural areas.

    The occupational structure of India is divided into “agricultural sector” and the “manufacturing sector” and the “service sector”.
    India is predominantly an agricultural economy and hence it requires strongest protection and development of its “agricultural resources”.

    The major challenges to “Agriculture Sector in India” are:
    1. Insufficient agricultural infrastructure and support facilities,
    2.Insufficient institutional capacity to deliver farmers specific services,
    3. Lack of awareness regarding suitable agricultural methods among the farmers,
    4.Agricultural content development and its up-gradations,
    5. Inadequate use of Public-Private Partnerships in India,
    6. Lack of “Common Platforms” for the farmers in India,
    7. Absence of a powerful and empowered “Agricultural Think-Tank” in India,
    8. Insufficient use of ICT for agricultural purposes, etc.


    [​IMG]

    Some of the benefits of ICT (information and communication technologies) aka digitization for the improvement and strengthening of agriculture sector in India are:
    1.Timely information on weather forecasts and calamities,
    2.Better and spontaneous agricultural practices,
    3.Better marketing exposure and pricing,
    4.Reduction of agricultural risks and enhanced incomes,
    5.Better awareness and information,
    6.Improved networking and communication,
    7. Facility of online trading and e-commerce,
    8.Better representation at various forums, authorities and platform,
    etc.

    basically we are talking about farmers using technologies like gps and remote sensing systems and also geo-imaging services like google earth to obtain information related to crop failure patterns, assessment of drought patters, and impact on crop cover due to pests so as to use it to improve farming techniques.

    Using internet and other electronic forms of communication, farmers can be alerted about the weather and storms or heath waves if any before hand so that they can prepare themselves better.
    Agriculture can greatly benefit from first-rate and online extension services, weather information, advice, and crop and input prices.This will also correct the unequal relationship between small farmers and the middle-men who buy their produce.

    modern training and practices, in conjunction with entrepreneurship and digital marketing, can transform the rural economy through rural production for all-India (even global) markets, while creating rural employment.


    some innovations which hopefully will lead the way and encourage more participation

    1.cropin technology solutions
    A farming technology solutions startup founded by a Bangalore software engineer, it provides agribusinesses the technology and expertise to create a smarter and safer food supply for consumers around the world.
    [​IMG]
    CropIn offers information on a cloud-based platform, integrated with a mobile app for Android. Called Smart Farms, it allows large food companies to track the growth of crops on farms around the country with details about what the crop is and the conditions it is grown in to help companies remotely monitor farms, interact with farmers and make every crop transparent and traceable. It also aids farmers in adopting global agricultural practices and improves productivity by offering productivity insights and harvest forecasts.

    2.FrontalRain technologies
    The Bangalore-based agri-tech startup seeks to deliver affordable advanced technology solutions for emerging companies and take technology to remote corners of the country.
    [​IMG]
    The company’s offering Rain+, according to their website, is a comprehensive suite of products on the cloud for food and agribusinesses. Rain+ can help companies at every stage of the value chain starting from growing, processing, logistics, wholesale trade, retail trade and exports. This technology, accessible through desktop, tablet and mobile devices, is used by companies dealing with commodities like spices, herbs, basmati rice, seeds, animal feed, sea food, dairy and edible oil.

    3.Agrostar
    A Pune-based ‘direct to farmer’ m-commerce platform, Agrostar strives to provide quality agro inputs at the farmers’ doorstep.
    [​IMG]
    AgroStar enables farmers to procure a range of agricultural goods such as seeds, crop nutrition, crop protection and agri-hardware products by simply giving a missed call on the company’s 1800 number or through their mobile app to eliminate unavailability of products, substandard products, duplication and adulteration.

    4.Ekgaon
    A Gujarat-based venture started in 2001, Ekgaon Technologies is an IT based network integrator that provides a technology platform and offers a range of services to farmers in rural areas including financial, agricultural inputs and government assistance.
    [​IMG]
    Financial: A mobile phone enabled financial services delivery platform, it provides information on micro-finance institutions and banks for delivery of door-step services such as credit, savings, remittance, insurance, investment and mortgage.
    Agricultural: Offered in Hindi, Gujarati and Tamil languages, the system uses mobile, voice recognition, interactive voice response system (IVRS) and web technologies to provide information on weather, commodity market prices, soil nutrient management and crop management.
    Citizen: The web and mobile applications help citizens monitor the delivery of government programmes and services entitled to them.

    Modi government has taken the initiative to the setting up of an Online National Agriculture Trading market to help farmers of India and jump start the agricultural sector . but this will take time however proper public, government and private participation and collaboration will surely make it successful.

    and the fun part is this

    as i already said The occupational structure of India is divided into “agricultural sector” and the “manufacturing sector” and the “service sector”.

    this digitization initiative for the agricultural sector will boost both the service sector and the manufacturing sector also (if the agricultural sector takes off ) . that is we will be simply tapping into our core strengths and expertise to strengthen our agricultural base.

    plus we can export the technical know-how and services globally.

    credits :http://www.thealternative.in/busine...novations-revolutionizing-indian-agriculture/
     
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  21. porky_kicker

    porky_kicker Regular Member

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    and on the contrary it can be said you are being too complacent.:)

    India will surely be in a better place due to people who continuously create new opportunities for themselves and their country and also to a certain extent may be because some people are in a big hurry to do so.
    works both way doesn't it. :)
     
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