India’s Economic Development – Challenges to the Young By DR T.H. CHOWDARY Director: Center for Telecom Management and Studies Fellow: Tata Consultancy Services Chairman: Pragna Bharati (intellect India ) Former: Chairman & Managing Director Videsh Sanchar Nigam Limited & Information Technology Advisor, Government of Andhra Pradesh T: +91(40) 6667-1191(O) 2784-6137& 2784-3121® F: +91 (40) 6667-1111 [email protected]HYD: 23 Feb 2014 THC_CTMS 1 S707_Feb2014
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India’s Economic Development – Challenges to the Young By DR T.H. CHOWDARY Director: Center for Telecom Management and Studies Fellow: Tata Consultancy.
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India’s Economic Development – Challenges to the Young
By DR T.H. CHOWDARY
Director: Center for Telecom Management and StudiesFellow: Tata Consultancy Services
Chairman: Pragna Bharati (intellect India )Former: Chairman & Managing Director
Videsh Sanchar Nigam Limited &Information Technology Advisor, Government of Andhra Pradesh
Life expectancy up from 56 to 71 during this period* UPA II puts the poor at 66% under Food Security Act & Programme
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India - Growth of GDP; Population; Per Capita Income (PCI) &
Years for doubling PCI
Period GDP POP PCI YRS1951 to 2000
3.5 2.8 0.7 70
2004-07 9.0 1.8 7.2 102013 4.8 1.8 3.0 25•Lesson from China: Control population during period of growth [JRD’s advice to Nehru in 1950s dismissed.]•BPL ratio is the index: in India it came down from 70% in the 1950s to about 30% now [BPL ratio in A P is 85% according to white ration cards & increasing.]
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Gross World Product: in $ Trillion
Year 2005 2010 2014
$T 32 40 60
Share of Services Sector
$18 $25 $40
% Traded 30% 40% 45%
* 2014-15 India’s trade ( Ex + Imp) will be 31% of GDP
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Jobs lost/created in the last 10 years in different sectors in India
• 2000-2012 jobs grew by a mere 2% p.a• Pop. growing @ 1.8% i.e adding about 20 mln • Job creation never> 10 mln• Unproductive spend GOI’s Interest Payments Rs.
Improper Spending• Farmers loans- 2008 Rs. 70,000 cr• Indira Awas• Old age pensions• Pregnant women nourishment• Fee Reimbursement producing “certified but not qualified”.
Engineers etc.• 10 lakh unemployed B.Techs in A.P alone• 85% (Rajiv’s) welfare becomes black money Rs. 4,00,000 cr p.a • Under spending :
Defence R&D• China : $148 1%• India : $38 2%
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India’s Share in the World Trade and Wealth
Year Wealth Trade
1701 22.6% 25%1947 NA 2.4%1990 NA 0.4%2003 1.5% 0.8%2005 1.6% 1.0%2014 3.5% 2.7%
INDIA WAS THE WEALTHIEST
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What we need to do
• Link up rivers & national water grids• National &Highways = Rs. 70,000 RKM• National Power Grid• 600 new towns/ cities• 100 ports & harbours• 200 airports• Solar Power Generation on all multi-storeyed buildings (
Germany, Israel)• Electric cars (Petrol/diesel stations become Battery
Replace Stations (Israel, Denmark…THC_CTMS
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What we need to do contd..
• NCC in all colleges• 2 Y service in Armed Forces Obligatory• Residential Universities• 5,000 PPP Hospitals• 1000 more Medical colleges• 500 more Nursing colleges