Heartening
to note that there is an emphasis on 'Make in India' initiative. Few
hundred million unskilled/semi-skilled Indians need jobs to escape
poverty and unleash their constructive energy. Manufacturing sector
catering to high-volume, labor-intensive, low-margin industries is best
suited to deliver on this need.
However, India should not follow the 'Get rick quick, clean up later' model. This model was pulled off with great amount of success by China, helping it to emerge as a nation to reckon with. Hats off to China for the achievement. However, the model is inherently flawed because it results in an ecologically devastating landscape, resulting in low quality of life for the very people who are assumed to have become more 'prosperous'.
India should learn from the mistakes committed by China. It should embrace clean processes even though they can be expensive momentarily. This means a lesser rate of growth, lesser number of jobs. But in a long run, the average Indian will be better off by embracing sensitivity towards the ecology.
Attempting to moderate oneself when one is on a path to high growth, is a good problem to have! Let's hope that we set sail in that direction first!
However, India should not follow the 'Get rick quick, clean up later' model. This model was pulled off with great amount of success by China, helping it to emerge as a nation to reckon with. Hats off to China for the achievement. However, the model is inherently flawed because it results in an ecologically devastating landscape, resulting in low quality of life for the very people who are assumed to have become more 'prosperous'.
India should learn from the mistakes committed by China. It should embrace clean processes even though they can be expensive momentarily. This means a lesser rate of growth, lesser number of jobs. But in a long run, the average Indian will be better off by embracing sensitivity towards the ecology.
Attempting to moderate oneself when one is on a path to high growth, is a good problem to have! Let's hope that we set sail in that direction first!
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