Recently government opened FDI in important sectors like aviation, pharmaceutical, and defense. Government claims now India is one of the most open economies in world. This move needs to welcome because
- Money flow- at time when private sector in Indian is not able to percolate needed capital for development, government cannot go beyond a limit for investment, banks are in trouble, foreign funding under FDI may support for needed development in key sectors.
- Innovation- certainly Indian call for “Make in India’ in different sectors need innovation and technology. Increase FDI limit will break the hunch and allow foreign companies to invest in all these areas.
- Bridging the gap- new aviation policy made many promises; recent FDI opening is bridging the gap between what was promised and what need to be done for achieving it.
- Competition- collaboration with foreign funds under new FDI norms will bring competition among different public and private firms which is good for end users.
However few potential challenges also attached with it-
- FDI track record– nowhere it is clear that increase FDI increases the employment also which is a key promise made by government.
- Oligopoly- firms which are already stable will get more benefits by FDI ease and new firms may find difficult to survive who need initial protection.
- Infrastructure – FDI opening will not alone serve the purpose, better infrastructure, better work condition, human resource, and other parameters are much more important for promoting business as we seen in China.
FDI move will work but it need integrate with other parameters of ease of doing business; FID is not and cannot be a magic bullet for Indian high growth rate but it is just value addition.
In the Indian medicinal system, Yoga is the most popular and widely accepted form. Can you describe the benefits of Yoga? Also discuss it’s branding potential for India.
Yoga is the science which has sustained since last 15000 years in India. Yoga discovered in India, but gift to mankind, has meaning “reunion of mind and soul with universe”. Today Yoga is accepted across the world by all because it delivers few key promises-
Physical health healer– Yoga is zero cost health healer which works as preventive measure as curative as allopathic treatment does. Its regular practice save human from many deadly diseases like blood pressure and dibieties.
Balance between mind and body- in fight rush life when inner peace is a wish, practice of Yoga offers it without any cost. It helps to explore self, keep synchronization between mind and heart, and also bring peace for inner self.
Sustainable- Yoga sustained for 15000 years because it is as per principle of nature and sustainable; its practice do not harm anything and bring love and peace for self with universe.
Reduce health cost– The biggest income drain for poor is health cost; Indian huge budget deficit on health partially can fill by it.
To promote Yoga as brand at international level important steps are
Promotion for employment opportunity– money generation is the biggest branding for anything; employment opportunity generated by Yoga will attract lot of attention for it.
Youth icons– like our PM, film stars, national leaders are big pushers for yoga as brand across the world. Continuity message on Yoga on different platforms by them will serve great purpose.
Cultural link– As ancient science of china and south East Asia closely link with Yoga so under RCEP or ASEAN group it can be promoted. It will serve dual purpose economical and soft power.
The need of a comprehensive national education policy is pressing. What in your opinion should be the model policy framework for education in India? Suggest.
New education policy is coming after gap of 29 years; a big time gap especially when after LPG policies demand from education sector gets a paradigm shift. Key pressing issues for NEP are
Bridge gap between quantity and quality– as today approx all Panchayats in India has one or more primary school, the quality of education is per below. ASER report present the fact that basic infrastructure, teacher and student quality nowhere stand on global standard.
Shift in Institutional framework– TSR Subramanium committee suggested a major change is needed in education regulators like UGC, AICTE, MCI to make them tune with present need which they are largely fail to perform.
Participative approach– Today Panchayat, block, and district bodies need to engage actively in education under a framework to manage the local education institutions to ensure proper management at grassroots level. Similar private sector is major player in education; they need regulation to ensure quality education at affordable price for poor also.
Technology orientation– use of distance education, online courses under GYAN initiative, make available IIT lectures online under Digital India movement are welcoming step. Need to incorporate it under NEP.
Integrate skill Indian with educated India– to cash demographic dividend need to learn a lot from Germany, Singapore, and China model how they bring both together after school level itself.
Research– on pedagogy is very limited in India and teacher training programmes are outdated. Need to focus on that aspect.
It is all needed to focus when only 11% enroll for tertiary education in India, still majority of population is waiting for education as their right under RTE, need to cash demographic dividend largely depend on education and skill set. NEP is expected to focus on all these dark spots.