Insights

India is fourth largest economy in the world and is poised to overtake Japan in the near future. However,  the benefits of developments has not reached every Indian. Indian economy has performed well even during the periods of recession over the last decade. The world is facing a similar scenario again. Therefore, it is imperative for the government to strengthen the fundamentals of the Indian economy. The country has a federal system of governance, but we still face problems in implementation of welfare schemes and development programs. Issues and disputes remain unresolved for years and decades. The time has come to leverage the federal structure and make efficient use of the Panchayats, municipal bodies and district administration to implement welfare programs, and introduce new development schemes at the village and district level. State governments can create a district development model. To begin with, they can develop a pilot scheme for the development of each village or t...

India has made significant progress over the last two decades. The demographic dividend is also playing a crucial role in its growth and development. The stage is now set for a more proactive role in the global economy. As such, it is imperative for India to make best use of its human capital and skill sets in an era, where knowledge is increasingly being considered as the differentiating factor in providing competitive advantage to the economies.  India's growth in the recent years has been primarily driven by the service economy, wherein major cities have played a vital role. However, the growth has also resulted in overcrowding of cities. India's future success story and advancement depends to a large extent on the growth of the small towns and cities, which have tremendous scope for infrastructural development. The youth in these small towns and cities have a lot of hidden potential, which needs to be leveraged. They have the potential to become future managers, ent...