I am Happy that year 2014 has arrived. It has come with
lots of promise and hopes. This year can be a trend setter for India as we can
expect the U shaped recovery to start happening and that’s one of the reasons
we can give a big welcome. Though the macro economic signals are yet to be seen
but the stage seems to be set for the transformation to happen.
Trend
Setter
I would like to thank people of New Delhi and they probably
are the ones who have set the process of transformation. This could have been the first time in my
life I see people encountering tough choice of choosing between the Good and
the good for governance. One party promising good governance which they have show
cased in states they rule and the new party promising a real inclusive and participatory governance.
The choice must have been really tough and people might have not been well
prepared and thus the split verdict.
A verdict to either of the party would have been
welcome but then the larger message is, this country is ready for transformation
and there will be effect to the same at national level in a short period from
now. This is the most positive thing that can happen for the country to get
back to terms of growth and prosperity.
Indo-Japan
Ties
Secondly, the Indo-Japan grand alliance will be a major
step forward and this can give the desired shift in scale which the country is
longing for the last few years. The combination of Japan’s technological
prowess and India’s vast natural resources and skilled manpower, was always
viewed as a tempting prospect. Japan is a capital-rich, technology superpower
while India has teeming supplies of human capital and the world’s largest labor
pool. Japan has the world’s most advanced infrastructure while India’s own
requirements for modern transport and urban networks exceed in scale those of
any other country. Year 2014 will be critical as the wheel of this alliance
will start rolling which is crucial for the countries prospects.
Digital
Revolution
Thirdly,
the
country could become the world’s first truly mobile digital society. But grasping
the opportunity requires unprecedented cooperation between the private and
public sectors. India has the potential to make a mobile-internet revolution
and McKinsey research forecasts that the total number
of Internet users will increase more than fivefold, to 450 million, by 2015.
Total digital-content consumption will double, to as much as $9.5 billion. Including
access charges, revenues from total digital consumption could rise fourfold, to
$20 billion— twice the expected growth rate of China.
Youthful India
Lastly, half of India’s population
is under 25 and two-thirds is under 36 years of age, and the country’s average
age will actually drop over the next three decades. It is just an anomaly that
we have lost few years of growth from a long term perspective. With such a huge
consumer power it is just a matter of belief and collective efforts from the
people of India and we too can achieve what China has done in the last two
decades.
We are poised for growth and what we
need from the people of the country are
Self Belief and belief on the
countries potential
Responsibility to set a right
governance model
Embracement of technology for faster
growth
Ofcourse one major
factor for every individual is to Deliver Value to
People and Society and that will breed prosperity to one and all in the
country.
Once again A Very
happy and Prosperous Year 2014
T Margabandhu
M/s Marggo India
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