The Indian economy has done well in the recent past. The average rate of growth in the last five years has been 8.5 per cent. Between 2005-06 and 2007-08, the annual growth rate exceeded 9 per cent.
I often dream about paperless and document controlled offices—where all incoming information is stored, searched and transferred electronically in a workflow, and outgoing information copied and printed in a highly controlled, tracked and secured environment; the sheer speed and efficiency of it; the cleanliness and transparency it will inculcate; and the costs it will save.
The Central Government is cognisant of the huge responsibility placed on it to meet the expectations of continued development. Its 'proposed work agenda' in its electoral manifesto has now culminated into a 100-day plan – akin to the 'quarter plan' that businesses are familiar with.
With the installation of a new government at the Centre, the time is apposite to take stock of the macroeconomic policies and implementation of various state initiatives to improve the lot of the weakest segments of society.
S S Tarapore
At the outset, I would like to confess that I am delving into territory in which I am no expert. But, it is an area that holds the promise of transforming the rural landscape, increasing productivity and improving the quality of life of many, many Indians. The goal is that of financial inclusion.
For those of us who joined the banking industry in the early 1970s, what we see today represents a dream come true–India, aspiring to be a global player and leader in all fields, adopting and setting best practices in every way.
I am not really a crystal ball gazer as a lot of gifted people are and have lived with simple principles and ideologies. Being a citizen of India and a technologist focusing on payments and financial markets, my thrust has always been thinking about how these technologies can create a better life for people.
Transmission and distribution losses are the major bane of the country; power sector, eating up almost a third of the power generated in the country. To tackle, the government last year approved
Microsoft Corporation India's Public Sector group is central to the company's mission of bridging the digital divide in India, taking IT from grassroots right up to mega-infrastructure projects.
Ferranti Computer Systems is present in India through a group operating company. Ferranti, the maker of MECOMS end-to-end solutions for energy utility markets is a member of the Nijkerk Group, an Industrial Information Technology group.
E-Gram will ensure high quality and cost-effective video, voice and data services in the areas of agriculture, e-governance, health, education, etc., at the panchayat level. The connectivity will also facilitate point-to-point and point-to-multipoint video conferencing services.
In the last decade-and-a-half that India has successfully embraced reforms, a curious problem has haunted the country and vexed its policy-makers: India’s excellent growth has had little impact on its social indicators and India is likely to miss achieving
True decentralization to local governments broadly follows a certain paradigm of inter governmental design. One has to start by giving them a clearly defined functional space comprising of powers and responsibilities in which no other agencies function.
T R Raghunandan
Every citizen dreams of a nation which is true, beautiful and egalitarian. When Mahatma Gandhi wrote India of my Dreams in 1947, he dreamt of an India that was beautiful and inspiring. Today, 62 years after Independence, India is a true democratic beacon.
With vast geographical spread and faster integration of state-of-the-art technology, the banking system in India is well-entrenched to serve more and more people.
M D Mallya
India lives in its villages, said the Father of our Nation, Mahatma Gandhi. But in the recent past, if one were to observe, India Inc. has been living out of the villages.
Today, despite an ambitious electrification programme, some 400 million Indians still have no access to electricity. While 80 per cent of Indian villages have an electricity line, just 44 per cent of rural households have access to electricity.
India is one of the few countries which have registered an economic growth of above 6 per cent in GDP despite the economic meltdown in the later part of 2008-09.
Isn’t it a part of your routine life to get unsolicited phone calls every day offering you either easy credit, insurance or any other financial product?
D K Mehrotra
Indian financial markets have made significant contribution to speedy economic development post-1990 reforms. The robust regulatory infrastructure and gradual adoption of best practices have added depth to these markets and gradual implementation of IOSCO principles has made these markets transparent, efficient and well integrated with the domestic market.
To ask a dreamer to share his or her dreams is to invite a long winding description of many alternate desirable scenarios in most walks of an average Indian’s life. If the dreamer is a teacher, and a story-teller to boot, even a large book will cover but the summary.
Deepak B Phatak
The Elusive Quest for Growth" was the title of a book written in 2002 by William Easterly, a former World Bank economist. The same title would perhaps have been appropriate for "The Growth Report: Strategies for Sustained Growth and Inclusive Development", published by the World Bank in 2008, on behalf of the Commission on Growth and Development.
N A Mujumdar
Today, even as we see the network of banks and insurance companies spreading out in all nooks and corners of the country, 45 per cent of our population continues to be denied access to basic banking facilities.
I dream that India will continue on the path of economic progress where headline GDP growth is supported by inclusive development and respect for ecological sustainability.