Today is another easy relaxed day for me. Basically involved in accuring data and trying to form a plan of action on how to approach the other exams. After the CAT fiasco and IIFT being ambiguous want to make sure things fall in place for the remaining exams. The next exam on the B-school calander is that of NMIMS. Not a place i would ideally would like to be, but it is a good safety school.
Watched every ball of the match yesterday and it is simply great to see the Indian team playing well. Its amazing what cricket can do to the whole morale of the country. I seriously think if the team continues to develop in this manner for the next year, we will have a great chance of winning the World Cup in 2007 whcin hopefully i would be watching in the confines of a leading b-school hostel.
Got nothing substantial to add at this point of time but i must say i am enjoying this blogging experience. It gets me to structure my thoughts which generally are always in a tizzy.
Will edit and add in the night after i return from my Financial Derivatives class. I love that subject :))) Will start reading ' The world is flat' by Thomas Friedman which i believe deals with globalization and its inherent complexities- a subject that really interest me.
So now i have returned from my class and was reading the book in the train. Well till now he has spoken of things that i know of so hopefully it will get more interesting later on. But it definately got me thinking about India's position in the world economy in the next 20 years and beyond. People have taken it for granted that we will continue to prosper since all signs lead to that conclusion. Agreed on that account but the country will find it very difficult to sustain this growth. First and foremost , India has to invest massively in the infrastructure sector. People have enough money to buy a car but no proper road to drive on, enough money for all possible electrical appliances but many cities in the country face the problem of powercuts, enough money for a proper education but hardly enough quality school or colleges and the foremost need is proper infrastuctural planning in the developing cities of the country.
Now the most important thing according to me , is education. India can never be a manufacturing giant like China simply because an average Indian is enamoured by the concept of being a 'learned man' and always has an opinon. Opinions count for zilch in a manufacturing process. Also the average Indian loves to advice and is a problem solver. No one is ever short on advice or opinions in this country. Thus we have the potential of becoming the problem solvers of the world. Currently the IT industry and the BPO industry which is leading the Indian economic boom is doing exactly that. We have a huge pool of educated mass from which these industries extract talent and then cater to the world. So it becomes very important that this pool does not dry up and thus this sector should have a really large investment. The current rate of litracy in the country is 65.38 % . Now this figure looks very impressive when you realise that out of over a billion people almost 700 million + are educated. But then if one observes closely majority of these 700 million + literates are functional literates i.e at best they know how to sign ther names and maybe read the morning newspaper. Though it is commendable that the literacy rate has increased from a mere 18 % in 1951, it is high time the government starts focussing on improving the quality of this education. At the secondary level , more specialised streams should be made available to the public as that will break the traditional craze of engineering and medicine. These sectors are already doing well and will always do well in India. But if we really want to leverage our position we need to postion ourselves as the knowledge economy and infiltrate all streams where the application of pure knowledge and brainpower is necessary. Our strenght lies in our thinking capabilities and also we are more conditioned to stress compared to the western countries. So we need to back our strength.
If the country does not adopt this outlook then we will simply remain in the same way, always labelled as a developing economy and country. Now is our chance to move up the ladder so we better be sure of our footing or we shall come tumbling down
cheers
Watched every ball of the match yesterday and it is simply great to see the Indian team playing well. Its amazing what cricket can do to the whole morale of the country. I seriously think if the team continues to develop in this manner for the next year, we will have a great chance of winning the World Cup in 2007 whcin hopefully i would be watching in the confines of a leading b-school hostel.
Got nothing substantial to add at this point of time but i must say i am enjoying this blogging experience. It gets me to structure my thoughts which generally are always in a tizzy.
Will edit and add in the night after i return from my Financial Derivatives class. I love that subject :))) Will start reading ' The world is flat' by Thomas Friedman which i believe deals with globalization and its inherent complexities- a subject that really interest me.
So now i have returned from my class and was reading the book in the train. Well till now he has spoken of things that i know of so hopefully it will get more interesting later on. But it definately got me thinking about India's position in the world economy in the next 20 years and beyond. People have taken it for granted that we will continue to prosper since all signs lead to that conclusion. Agreed on that account but the country will find it very difficult to sustain this growth. First and foremost , India has to invest massively in the infrastructure sector. People have enough money to buy a car but no proper road to drive on, enough money for all possible electrical appliances but many cities in the country face the problem of powercuts, enough money for a proper education but hardly enough quality school or colleges and the foremost need is proper infrastuctural planning in the developing cities of the country.
Now the most important thing according to me , is education. India can never be a manufacturing giant like China simply because an average Indian is enamoured by the concept of being a 'learned man' and always has an opinon. Opinions count for zilch in a manufacturing process. Also the average Indian loves to advice and is a problem solver. No one is ever short on advice or opinions in this country. Thus we have the potential of becoming the problem solvers of the world. Currently the IT industry and the BPO industry which is leading the Indian economic boom is doing exactly that. We have a huge pool of educated mass from which these industries extract talent and then cater to the world. So it becomes very important that this pool does not dry up and thus this sector should have a really large investment. The current rate of litracy in the country is 65.38 % . Now this figure looks very impressive when you realise that out of over a billion people almost 700 million + are educated. But then if one observes closely majority of these 700 million + literates are functional literates i.e at best they know how to sign ther names and maybe read the morning newspaper. Though it is commendable that the literacy rate has increased from a mere 18 % in 1951, it is high time the government starts focussing on improving the quality of this education. At the secondary level , more specialised streams should be made available to the public as that will break the traditional craze of engineering and medicine. These sectors are already doing well and will always do well in India. But if we really want to leverage our position we need to postion ourselves as the knowledge economy and infiltrate all streams where the application of pure knowledge and brainpower is necessary. Our strenght lies in our thinking capabilities and also we are more conditioned to stress compared to the western countries. So we need to back our strength.
If the country does not adopt this outlook then we will simply remain in the same way, always labelled as a developing economy and country. Now is our chance to move up the ladder so we better be sure of our footing or we shall come tumbling down
cheers
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