I was watching a documentary on BBC about America's efforts at insourcing or inshoring - bringing back jobs to America. Someone made a statement that the way India made its Silicon Valley in Bangalore, US is trying to build its Bangalore in South Dakota.
It might not seem serious now, but the signs are ominous. Last year US brought back an equal number of jobs as compared to the number of jobs that went out of the country. This is a significant change from the last couple of decades when large number of jobs fled America to China and India.
What India must do to counter this?!
For one, listen to Raghuram Rajan. It should not be just "Nake in India", but also "Make in India, for India".
India for long, has focussed on building software as per client requirements abroad, i.e. the idea and design came from abroad and Indians only implemented it. It must change now. Focus must be on new ideas and innovations. Not just in the area of IT, but also in other areas like manufacturing and agriculture.
India must also focus on quality, in every sphere. Anyone will tell you that a Lux soap made and Sold in India, is far inferior to the Lux soap that you can buy in, say, Dubai. The emission quality from our vehicles, and the safety standards in the vehicles sold in India, are far inferior to the vehicles that we export to Europe. The government must ensure that we get the same exacting standards in the country that we provide for European countries. Yes, the vehicles will get more expensive, but we will breath a better air.
We cannot forever continue to be the price leader. We need to raise the bar. We need to make innovative and quality products, in India, for India. And this need to start from ensuring quality school and college education, quality teachers and innovation built into the curriculum. Can the government do it ?!
It might not seem serious now, but the signs are ominous. Last year US brought back an equal number of jobs as compared to the number of jobs that went out of the country. This is a significant change from the last couple of decades when large number of jobs fled America to China and India.
What India must do to counter this?!
For one, listen to Raghuram Rajan. It should not be just "Nake in India", but also "Make in India, for India".
India for long, has focussed on building software as per client requirements abroad, i.e. the idea and design came from abroad and Indians only implemented it. It must change now. Focus must be on new ideas and innovations. Not just in the area of IT, but also in other areas like manufacturing and agriculture.
India must also focus on quality, in every sphere. Anyone will tell you that a Lux soap made and Sold in India, is far inferior to the Lux soap that you can buy in, say, Dubai. The emission quality from our vehicles, and the safety standards in the vehicles sold in India, are far inferior to the vehicles that we export to Europe. The government must ensure that we get the same exacting standards in the country that we provide for European countries. Yes, the vehicles will get more expensive, but we will breath a better air.
We cannot forever continue to be the price leader. We need to raise the bar. We need to make innovative and quality products, in India, for India. And this need to start from ensuring quality school and college education, quality teachers and innovation built into the curriculum. Can the government do it ?!
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