India Has the Potential

Prof. Prahlad, while addressing faculty members and students of NMIMS and other distinguished academicians, corporate executives and members of CII and Yi, emphasized on acquiring Economic Strength, Technological Vitality and Moral Leadership of the country.
He said that, "India has a potential to lead the world in 2022 with its predicted largest pool of manpower consisting of 200 million college graduates and 500 million trained and skilled workforce. It could be home for at least 30 of the Fortune 100 companies of the world and generate over 10% of the world trade, by nurturing a vibrant renaissance of world-class contemporary art, science, research and education could have at least 10 Nobel Prize Winners. This is possible in next fifteen years provided leaders focus on this goal as a priority."
He emphasized that this position is possible only when India works on all three fronts- economic growth, technology development & moral leadership.
He said that, "As a country, India must have high and shared aspirations like it had in 1929 when the leaders of the then Congress party declared their ambition as Poorna Swaraj. Since then, India has never had a national aspiration which every Indian could share."
Prof. Prahlad, while speaking about his vision, also shared the key drivers of the developmental context for India to achieve the above goal in next 15 years.
"They relate not to abject poverty but income inequality, changing life styles, urbanization and emergence of universal aspirations, a dramatic change in price-performance relationships, economic development and ecological crisis and finally the role of governance and the rule of law."
Elaborating these key areas, he said that India has reduced abject poverty dramatically during last decade. However, a more difficult problem will emerge in its place.
"An important consequence of rapid economic development and globalization of the economy are the lags and asymmetries in the benefit results. Some...