Horasis:The Global Visions Community Horasis China and business Asian business Asian business globalization systemic risk sustainability management consulting Asian trade globe visions leadership skills scenario-building World Economic Forum Frank-Jürgen Richter Frank-Jurgen Richter Frank-Juergen Richter Frank Richter
      Home Site Map Email
Home
Philosophy
Management
Events
Contact
Opinions
 
2017
Asia Needs more Dialogue
Solutions to urban pollution may prove complex
Spread of ESGs could herald new global movement
Investing in quality education is imperative if India wants to reap demographic dividends
China needs to lead in new multi-stakeholder world
China’s B&R initiative leading a resurgence of Asia
Education is key - but long-term: Can we survive?
New wave of robots will be beneficial to all
China needs to continue with its ‘heavy lifting’
Time is right for Chinese firms to invest in Europe
Robots to the rescue for China?
Asian Multinationals are Going Global, But to Where?
China ratchets forward with energy efforts
China’s calm necessary for globalization push
Bridging managerial gaps involves trust-building
China well-placed to power its future through green technology advances
China's new 'springtime' is here
2016
China’s moves show it’s banking on the future
Mindset for action at the G20 summit will be determined by Chinese presidency
Chinese head-hunting intensifies for rare managers that can steer overseas firms
US talk of isolation jars with growing links in Europe and Asia
Electoral rhetoric on global trade not in sync with reality
Is it time to be prudent and consider austerity policies again?
What will we do if we have no oil?
Unlock talent by finding the right fit for a person
The benefits are real and tangible
Trade along China’s ‘One Belt, One Road’ won’t succeed without the currency of trust
Reasons for optimism about the long term
2015
Can big oil go green and win?
Poorer Nations Could Sway Climate Talks
Combating Idleness and Deprivation
How China can be a model of food sustainability for the developing world
Kyoto II – Is it a Done Deal?
A meeting of the two largest economic powers
Why China will experience a 'soft' landing
Beware of superstitions
The Elephant and Dragon move ahead
G-7 target on fossil fuels raises many questions
Why Battle for Net Neutrality in the US Matters Globally
China’s resurgence – the ‘normal new’
Wanted: A managerial culture that embraces cultural differences
China's early education plan a smart investment in the future
The New Normal for China and India
2014
China's infrastructure push offers a sure track to better growth
US-China climate pact a good start, but not quite enough
Rethink the human’s place in the ‘digital revolution’
China springs a carbon surprise
Infrastructure - the invisible hand in full view
Dialogue vital for survival of Iraqi nation
China must nurture a new generation of beautiful minds
Great expectations in China and India
GM Cereals – The Pros and Corns
Time to be Honest about Our Energy Prospects
Weathering the Storm of Climate Change
Making a Big Decision? Beware of Your Biases
West Deserves Better Logistics Infrastructure
Digital Currencies do Represent the Future
From 'Printed' Houses to Wooden Skyscrapers
It’s time to bail out our schools, not our firms
Solution to India’s housing shortage – print new ones!
And the most promising green technologies of 2014 are ...
Transport infrastructure key to domestic, export growth
Oil stopgaps: Not worth risking
2013
Why the US should grant Edward Snowden amnesty
May we be more optimistic!
China headed for another massive social experiment?
A dialogue that worked
Yes, politicians deserve vacations - because we benefit
NPOs, NGOs invaluable as creators of dialogue
Look closer and ask: Is America reinventing itself?
Boston bombings case underlines need for dialogue
Millennium Development Goals or own goals?
As usual it's about balance - and timing - of course
Chinese strategists make right moves for growth
2012
Preparing for tomorrow
Austerity or growth?
Japan in danger of becoming 'just a place to fly over'
Beware of the business cycle?
An inconvenient truth
Limited offer sale: Buy a country
Where did our money go?
Leading from behind - a year of elections is almost over
Driving towards a green future
Waiting for springtime
Preserve or Perish
Startlingly similar Asia policy for Obama, Romney
Globalisation remains an irresistible trend
Google has the edge in smartphone war
U.S. Braces for China's Rise
Mankind’s General Scourge
The summer holidays are over and nothing has changed!
Put the hidden trillions to work
Making sense of India’s woes and wonders
Storm in a teacup!
Let’s give bad bankers a venue to admit their sins
News is about depth, not puff or velocity
Booming India, but too few toilets
Delayed Court decisions doesn't mean one may continue to play 'Great Game'
We need media to reflect on data and offer public a balanced view
Big polluters can lead in forging common purpose
The weighty issue of choosing a leader
EU-India Relations - Facing similar challenges
Educating with a goal
The Judicial Malaise
We are growing out, but not growing up
EU´s retrenchment enigma
Urbulence in the Eurozone and the effect on SMEs
Skolkovo May Help Russia to Diversify
Make things more effective
Tapping into the Commonwealth connection
Innovative models for public finance
Facebook revolution but Indian style
The feel-good factor
Asian investors - a private equity opportunity
India needs to be taller and stronger
China´s low sales volume...
Nations playing leapfrog
Shafts of sunlight
What webs we weave
As performers go to Davos, the circus steals the show
Can we control the politicians?
 
2011
Europe’s reminiscence
China firms should go for win-win in overseas ventures
Of procrastination...
Making sense of profiteering
Truth about financial mess must be laid bare
Small is also beautiful
China can help Europe with debt crisis
Excising the cancer of global corruption
Education, a critical asset
Arab uprisings set in motion forces of creative destruction
A new era of change
We must ensure better education for all
Beijing wary of bankrolling a lost cause
Asean's re-emergence as a local and global leader
Why India's Role in the Global Economy is Still Work in Progress
Its the leadership, stupid!
Reverse globalisation: The new buzzword
Making sense of India’s woes and wonders
By Frank-Jürgen Richter
Financial Chronicle, August 3, 2012
 

The nation’s promising present should be harnessed effectively

It is too easy to join the ranks of ‘India bashers’ allowing us to say the Indian government, or others, have to face flak for their lack decision-making will over this and that — as shown, perhaps, by the recent grid failure that deprived nearly 700 million people of electricity. ‘Bashing’ is an easy way to report stories in the media. It is, indeed, true that many millions of people did suffer from the lack of electricity, but, there were many millions who did not suffer. So, let us look a little at the brighter side.

Once India had settled down after its early invasions, it prospered under many local rulers. So much so, that it exported ideas, concepts like the ‘zero’, and later, its wonderful cloths and jewels. The west took up these and demanded more and more. It even set up trading posts that morphed, perhaps, with bad results, into the war-like ‘protection’ offered by the nations behind the trading posts. As a result, modern India has a deeply-held set of ideas: So me that are traditional, while others are taken from the west. Today, Indians are a little confused, and often, are portrayed shaking their heads from side to side, while saying ‘yes’, and in the process confusing the visitor. But that aside, successive governme nts have faced massive tasks in developing the nation. Th ere are a huge number of people to persuade (over 1 billion now), living in several states, whose regional heads can act like mini-rulers, who often seem to defy government ed ict. Once the British Raj had relinquished control and In dia took up the task of being governed as a democracy, it took place amid very strong religious strife. The leaders had to develop the whole nation and draw it together in a meaningful way. But, this was hardly possible, given the natural differences between its population living in the no rth, south, east and west. One method was simply to enhance the network of ro ads and railways that bou nd the producer countryside to consuming city-dwel lers and to ports, so that la bour could create wealth for all.

This utopian expansion has not readily occurred. The grand scheme of the ‘golden quadrangle’ creating major axes of logistics, fell years behind schedule and did not effectively link the countryside to consumers. One of India’s failures has been the lack of thought and action expended on creating an adequate infrastructure in depth. One consequence is that local people use new inter-urban highways for local travel, passing in either direction on each side of the dual carriageways on foot, bikes and vehicles or even on animals! The result often is chaos. Although, there is a reduction in transit time, there are needless fatalities. But who is to blame? Locals are not often supplied with safe all-weather roads.

Another failure stems from the patronage system of the old days, under which, many are offered bribes to effect change. Corruption scandals now are rampant within Indian society; it is a norm, and is often factored into project proposals. If not, the funds are syphoned off, making a mockery of the proposed return on capital projections because the remaining cash, maybe as little as 60 per cent, can never achieve expected outcomes. Still, there are some sectors that have avoided the ‘licence raj’ system. One example is the high-tech and software industries.

The development of Indian Institutes of Technology, heralded a boom in the digital sector, and as ‘bits’ were never seen by rent-seeking officials. The services sector managed initially to evade stultifying national corruption, affecting other forms of new ventures. As the world knows, the Indian [digital] services sector is a booming industry that has nurtured many offshoots in several regions. Undergraduates, who emigrated to learn more, or who went on to create startups in ‘silicon valleys’ in California, or Boston or Cambridge, are now returning to augment this exciting industry across the nation. At the same time, as some created their overseas startups, several national brands expanded their success. Firms, such as Reliance, the Tatas or Cobra Beer, have become gl obal names. Yes, India is bo oming, but it could do better.

There is a great need for the government to shake the nation as one does a carpet - to rid it of its sloth and acceptance of the naturalness of corruption. Neither of these actions, ought to be allowed because they hinder an open democracy. If the nation could become more tolerant to others, perhaps, I mean, to become less fearful of outsiders who hold different beliefs, it too may become part of India’s wonders. Remember, in our ‘bashing’ mode, the Europeans blame Angela Merkel and the whole world blames China, but, only the Indians blame themselves! Imagine how well India and its people might develop if they were more friendly to their neighbours in Pakistan, Bangladesh or China, so that they could develop the subcontinent across broad political and social fronts. Reducing conflict would not only have a far-reaching effect, but also, benefit local people and raise inward investment due to perception of greater stability; and the latter would also raise tourism, thereby, increasing local people’s cash flows. India and its neighbours deserve a more peaceful integrated world.

 

The writer is founder and chairman of Horasis, a global business community


Horasis is a global visions community committed to enact visions for a sustainable future. (http://www.horasis.org)

For more information, please contact:
 
Communications and Public Affairs
Horasis. The Global Visions Community
phone: +41 79 305 3110
fax: +41 44 214 6502
e-mail: visions@horasis.org
 
 
Copyright © 2005 Horasis Web by Toronto Web Design