Full Guidence for Jobs and Career ( part 1 )

Hello Tilters ,
Today's Our topic is Job and Career .
Before some days my friend asked me that , If a cab driver makes more money than IT professional , then why should I study ? 

I replied him -
There are three problems with this attitude. Three assumptions here:

1. IT and related professions should pay more than other type of labor.
2. Cab driving is somehow easier than coding.
3. Cab driving requires no special skills that you need to learn.

This attitude is a major Indian problem and the absence of dignity of labor is preventing Indians from getting adequate skill development in a lot of sectors. Successful cab drivers in India possess a variety of special skills that an average IT worker doesn't. 

It is very easy to shake your brother back to reality. During one of the family weddings make your brother the cab driver. Pay him an equivalent of Rs. 1000/day [the max most cab drivers make] and then make him work all day ferrying your relatives all across the busy roads of the city along with carrying their stuff around at the destination. After two days of working 15 hour days in the crazy roads of India, your brother would beg to study. In the real world, the passengers would be a lot harsher than your relatives.

Skills we can learn from successful drivers

I love both coding (doing for 20 years) and driving (driven extensively in 6 countries) as passion. Both require their own set of skillsets. I have chatted a lot with a variety of cab drivers in various countries. Here are some of the best traits.

1. Art of negotiation: Successful drivers are masters of negotiation. From getting their cab license to acquiring key routes to fixing fares they are often very good at things. I often feel that if some of those folks didn't enter driving, they might become lawyers or politicians.
2. Art of patience: The average cab driver is often impatient and can be rude. Many of those don't survive long. But, most of the highly paid ones are those who are there for the long term. They are patient both on the road and with their passengers. 
3. Flexibility: Successful drivers, such as the truck drivers in Alberta or the cab drivers in major metropolis are also fairly flexible in both their hours worked and with new changes to their environment. 
4. Staying updated: A cab driver can never stop learning. He has to constantly look for new routes, new construction works and other things that might either help or impede his work.

If an average IT worker masters these, he/she can expect very high wages too. 

Now, the Economics part

For years, advocates of free markets and globalization were arguing that things would trickle down to the bottom. When cab drivers in developing countries earn a good living through honest, hard work they become living proof that the markets work.  

Once they earn well, they will have spare money to both finetune their skills & infrastructure [better cars, better professionalism] as well as buy more goods. This would grow the economy and be better for all of us. The profession would also attract better talent with more money and that would be better for the consumers. India's suppressed manual labor class can now finally hope for a decent, meaningful middle class living. All this coming not from socialist revolution, but plain old free market economics makes it even nicer. We are not there yet, but we are inching there.

In summary, the problematic part is not that he refuses to study, but that he refuses to see the value of labor and hard work. Indian parents should instill the value of labor by getting their kids to work part-time. This is how kids in other parts of the world realize the value of labor & money. Once you realize this, life is not as complicated.

As you know guys , Author of this blog Omkar is an Engineer . He asked me that Which is better , doing an MBA straight after a B.tech from a top notch engineering college in India or working for 2-3 years and then pursuing it ?
Ans - 
Never do an MBA without having a clear idea of what an MBA does and what you are going to do after the MBA. For some people in India, MBA has become the 17th and 18th standards (13th-16th is our default BE/BTech). 

Before coming to the MBA, spend 3-4 years in an industry, really trying to understand how it works and how you can grow. Talk to the MBAs in your industry or in your target industry to understand what they do and if their work interests you. Gain the momentum while being there growing in the rank & file. And then, join an MBA to take the growth to the next stage. 

Learning

I don't know about the IIMs, but in most good schools in the US, the whole MBA program is based on case discussions. In each class, you take up a company in a particular scenario and shred it to pieces. People from different backgrounds bring different perspectives. The company's difficulties might have been faced by you at your company. You see how an HR manager thinks, how a sales guy thinks, how an engineer thinks and how a finance guy thinks. Those perspectives are why you want to do an MBA. 

In those discussions, I often see the people with no work experience clearly lost. When they don't even know the pain point from their previous experience, they can't appreciate the perspectives nor the solutions. The business degree becomes of much less value.

Philosophy

MBA prepares you for upper management. It provides you with tools to understand business in a very intricate way. Even star tech companies that rely on dropout founders, bring MBAs to lead at the earliest (Ballmer, Sandberg, Schmidt). Before you become a manager or an executive, you would be required to understand how the rank works. By starting to work in the ranks, you will get that perspective - a very crucial one. Most great leaders start out as great followers. 

Careers

Most sought out career paths after an MBA includes Investment Banking, Management Consulting and Product Management. Each of these career paths usually requires prior work experience. By not acquiring the work experience, you might lose out some of the best career opportunities you might have otherwise qualified. Since the biggest career move comes immediately after the MBA, you go into a disadvantage. A lot of them have to settle for lower scales (analyst instead of a banker) or different jobs.

We will continue our discussion in Next post , which is related about Medical side . If you agree with my thoughts and answers then don't forget to write comments .
Thanks.

E-BUSINESS & E-COMMERCE

Hello Tilters ,
Today's our subject is can we start our own E-Business in E commerce world . Stay tune with Tilters ......

An adage says that ‘Do not judge a book by its cover’ but when it comes to branding, the opinion is quite the opposite.

With a league of successful businesses owing their fortunes to appropriate branding, there is no gainsaying the fact that your brand emulates the heart of your business. So, here are some interesting techniques to promote your brand over the internet:

• Realise the power of an efficient website

It is very important to construct a highly functional website which can cater to customers searching for the products that your website provides. A website that takes too much time to open or process requests can be an instant put off and the customer will switch to alternatives in no time. An optimized website with a welcoming interface will be hugely instrumental in striking the chords with customers.

• Earmark your space on web

What can be better than the feeling to be found on registered online maps and navigation services? Get your business registered with local listing services like Google Maps, Yahoo! Local and Bing to be ensured to be found in suitable search engine’s results. It broadens your scope and globalizes your business identity.

• Establish social media presence

Social media is one of the few weapons that can make or break a business.Promoting your brand on social media bigwigsmakes sure that it gets the required ‘audience’ to get promoted to. Facebook can be used to put up ads and offers of your business while Twitter and Instagram can be used to establish a direct channel with prospective customers. LinkedIn and Flickr are another great ways to network out your brand

• Resort to Blogs

A personalised connection with the customers can help reinforce the purpose of the brand and state its offering.A blog is one of the honest branding techniques which can be a great way to build a connection and project the apt image of the business. However, a blog needs constant revision and needs to be updated with the latest activities concerned with your brand. It can also work as a feedback garner and for grievance redressing.

• SEO your brand

A search engine’s perception of your brand can affect its rank. A study shows that 57% receive biggest impact on their generations through SEO activities.Quirks like choosing your keyword carefully,creating proper meta tags,seeking inbound links and establishing links within your website helps to garner more traffic and leads on a search engine.

•   Keep it Simple

One of the most common mistakes splattered over the internet is for the brands being too pushy with their promotion. Remember the customer is wise enough to see the purpose behind the tweaks, crooks and elusive offers. Avoid over-the-top promotional strategies which violate the browsing experience of a customer and try to carve out your niche in the competition.

Promoting a brand is all about establishing an ‘identity’ amidst umpteen of competitors.Customers are always attracted to the brands that stand for something they believe in.Till the time in which client’s intelligence is respected,the future of branding will remain vivid and engaging .

The e-commerce industry is witnessing a tremendous growth in India backed by increasing smartphone and internet penetration. With further increase in internet service providers and the launch of 3G and 4G services, at affordable prices – the e-commerce and m-commerce industries are set to record even higher growth.

Step : 1 Legal Formalities for Starting an Ecommerce Business

To start an ecommerce business, proprietary ecommerce website or become a seller on a marketplace, the following registration are required:

Company or LLP Registration

While starting an ecommerce venture it good to have a company or LLP to have limited liability protection and improve the ease of doing business. Having a company or LLP would ensure that opening of bank accounts in the name of business or obtaining a VAT / Service tax registration are easy and fast.

Almost all marketplaces allow Proprietorships and Partnership firms to sell on their website. However, there would be no limited liability protection in case of a litigation. Hence, it is best to start selling with a LLP or Company.

VAT Registration

A VAT Registration is a must for becoming a seller on a ecommerce portal or while starting a proprietary ecommerce website. VAT registration is required for anyone selling goods or products in India and must be obtained from the State’s Sales Tax Department. IndiaFilings can help you obtain VAT registration in India.

Bank Account

Once the Company or LLP is incorporated, a bank account can easily be opened in the name of the business by contacting a Bank. In case of Proprietorship firm, VAT registration must first be obtained to open a bank account in the name of the business. Opening of bank account is essential to list on a ecommerce marketplace or obtain payment gateway for a proprietary ecommerce website.

Step : 2 Document require for ecommerce Business

1. PAN Card
2. VAT / CST
3. Address Proof ( Electricity Bill , Voter ID , Adhar Card)
4. Bank Account
5. Company Registration Document
6. TIN Number

Step : 3 Creating a proprietary (own) ecommerce website

Creating a proprietary ecommerce wbesite is one of the hardest method of starting an ecommerce business. Starting a proprietary ecommerce business requires a web development team, online marketing team and a payment gateway for receiving payments. Starting a proprietary ecommerce website is a long-term initiative and requires a good amount of investment in terms of money and effort to build up a successful business.

Step : 4 Joining an established marketplace

Joining an established marketplace is an easy way to start an ecommerce business or sell products/services online. Joining an ecommerce marketplace as a seller often requires only a bank account and VAT registration, making the process easy and simple. Further, on an ecommerce or mcommerce platform aspects such as technology development, marketing, payment gateway, logistics, etc., are taken care of by the marketplace platform, reducing the workload on the seller. In addition, sellers can often join multiple marketplaces and sell their products, making it the easiest way to start an online or ecommerce business.

Some of the popular ecommerce or mcommerce marketplaces are:

• Flipkart
• Amazon
• Snapdeal
• Shopclues
• PayTM
• Ebay
• Ask me Bazaar

In case of selling through online marketplaces, the marketplace would accept the payment through their payment gateway and credit the money to the bank account of the seller directly. Hence, a payment gateway is not required and only a bank account is necessary.

Step : 5 Building Your Store

With a better understanding of search engine optimization (SEO), it’s time to build out your store. There are many critical elements. Below we have included a list of our best blog posts to help you write captivating product descriptions, shoot beautiful product photography, and a list of some of the best tools to help you optimize those photos.

*Easy ways to start E-Business -

There are no easy way to start a business. It only looks easy. Just like the Google home page. It looks very simple, but once you jump into the wagon, all the elements of business starts kicking in.

The idea is not to dissuade you but provide you with a reality check.

I may not be an expert in the field but given the experience, you need to be precise and focused about starting something with an unique USP.

Starting a ecommerce company needs government approval, need good networking for placing your platform to sellers- thereby becoming a marketplace. Am sure you would be able to work out start-up cost and resources. You might also want to induct some cost for conducting research. Looking at operating costs and other expenses might be very important.

Digital Marketing and on-ground marketing might also take a lot of resources.

Handing over your entire online business to ecommerce management company like us where we handle all your aspects from creating website, listing on market places, creating product inventory, product images, processing orders, shipping orders, after sales management etc.

You will incur Rs 0 for all above.

But we charge a percentage for each sale.

*Some special tips -

An e-Commerce Business needs a perfect strategy prepared first before you go online.

Products that you plan to sell online should be properly researched in terms of quality and price.  Once you have a goal and product in mind  - Voila!!!  You are all set.  

Do not get carried away by people teaching you how to run an online Business but instead get you entangled with a MLM strategy, the worst part in those Businesses is that they want you to look at the broader prospect of life and generously part away with the hard earned money you have, and then pretend to be helping people online.Research and select target customers. Select the niche.

Make business contact with manufacturers of those items.
Do proper marketing plan after competitor research.
Finish proper company documentations.
Contact with logistic companies and select more than one depending upon their service areas. Pin code services and prices.
Get proper Packeging materials.
Mind that u will need proper printed invoice with vat no or tin no it.otherwise items may be stucked on inter state borders.

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Who will be next superpower ? India or China

Hello Tilters ,
Today's subject is Can India become a Superpower in 2020 ? Who will be next superpower India or China ? Here are some basic information and my personal opinions . As you know where there is a will, there is a way ! So don't mind , if I say India will not superpower in 2020 . Let's we start ....

In a First view my answer is -

No.

Mainly because less than 4 years left.

A superpower country is a combination of strong military might, economic dominance, political influence ans mostly a cultural hegemony.
(human development , education and internal peace is not directly associated with term superpower.)

Just google and it is easy to find various data, reports and graphs to compare the above parameters among different major countries. Also, existing value, growth rate and future expectations can be shown by various charts, graphs and facts.

In military might, US is only country which has commands distributed into globe zones and not in national zones. It reflects the meaning that US has direct planning and preparedness to fight all kinds of war at virtually any place in the world. The technical advancement and innovation of US is known to world. US military expenditure is more than the same of next 12 countries combined together!!!
India is not like Russia (better say USSR, before 1991) which had highly centralized command and a will to invest highly in military strength.
India is not like China which has capacity to invest heavy money for defense import and developments.

India is not like Israel which hold military training for all and function as proxy power of west.
Further as per present status we need facility and scope for defense innovation even after having good skill and will. Size of army is not sufficiently important today. We just achieved nuclear submarine and do not have "double nuclear" which is a nuclear submarine with ability to deliver nuclear missile from hiding. We lack strong Aircraft carrier ships too. ICBMs are not very precise.
We need more time at present rate.

In economics, we are still not sufficiently open to boost high GDP growth rate, however existing growth is high in world. System is full of corruption and sluggish due to technical and awareness issues.
*you may like this also Black Money

In politics, india has good record of diplomatic balance but becomes coward when there is need to stand strong and behave offensive. A superpower not only defends but has ability to show the offensive face whenever required. Examples include stand on terror and expression on border issues. India has to bring back its neighbors into command which slowly slipped to china.

Cultural hegemony is slow expanding one and generally follows the economic strength and high standerd of living. Not much is sold like "made in India". Not much is marketed like " designed in India" or like " spirit of Great Indian technology". Most of people in world talk about US, China , Japan, UK etc. Talks of India is rapidly expanding in common people of globe but it is still far from the highlight news.

Yes it will take little more years and will surely become a superpower by just maintaining the national unity and integrity.

* Tilters, let's think some positive.....

India already is one of the most powerful countries.

Only thing left in its arsenal is induction of ICBMs (Intercontinental Ballistic Missiles) with range in excess of 10,000 Km.

Agni VI currently in development with range of around 12,000 Km is slated to be under trial by 2018.

Other than that, India achieved Nuclear Triad capability, Aircraft Carriers, Nuclear Submarines, Own GPS satellite networks, etc which does make it a Super-power. Along with it, some form of coalition with US, Japan, Australia and other South-East Asian countries will provide a final push to the level of a Super power.

I guess what you wanted to know was related to India being a “Developed Country”. That will still take couple of decades, primarily due to huge Population and slow Infrastructure development.

* Think some General -

How India can become a super power ?

After all what constitutes a world-leader :

1.If its population , we are on course to top the charts , we will overtake china by 2022

2. Is it military strength , we have the world’s fourth largest army

3. Is it nuclear capacity , we are among the top ten nuclear powers of the world

4. Is it the economy , well we are the third largest economy on the PPP basis and we continue to grow , even when the rest of the world took a beating in the last few years , we are growing at 7.6 %

But somehow , none of that adds up to me , to what I think India really can aim to contribute to the world in this part of 21 century . After all what are things that adds up to become a super- power .Let us understand all this by going back to history . What was the political scenario of the world before 1914 (ww1) , was it a multipolar world ? was it a bipolar world ? or was it a unipolar world . the the answer will be – the world was a multipolar world with Britain, France , Germany ,Spain as it major powers . After 1945(ww2) the political scenario of the world changed to a bipolar world with US on one end and USSR on another .And the political scenario of the world as of now is , we see US as a major super power , and China , Russia and India are also in the race . From the last five decades , US has been successful in maintaining its hegemonic status due to its strong economy , muscled army , navy and nuclear power , but despite this , the things that have contributed the most is America’s soft power -Hollywood , MTV , American lifestyle , and its Music . All these things have contributed significantly in America’ s growth story and in spreading its soft power , which (softpower) has helped America tremendously in becoming a global super power . Similarly , Yoga(Indian lifestyle) , Bollywood , Ayurveda can contribute in India’s growth story .

The world is changing and so is the economic and political scenario .China will overtake US economy in the coming few years , but spreading its soft power will remain a challenge . (Soft power –its essentially the ability of a country to attract others because of its culture , its political values)

Yoga – India’s soft power

From the time memorial , India has attracted many countries for its spices , pearls and textiles . Buddhism in India also attracted many scholars like Fa-Hien , Hsüan-tsang . Those were India’s glorious days . Post independence it is first occasion when the world has recognized India’s soft power . International Yoga Day on June 21, legitimize India’s soft power and its grand comeback on world stage .

Modi Style of Branding India - By spreading its Soft power

For a country to become super power , leadership plays a crucial role . Leaders like John F Kennedy , Deng Xiaoping and Lee Kaun Yew changed the future of their countries . Our current PM Narendra Modi has not only become popular in India , on the contest of popularity in America Modi is beating Mr Xinping hands down and the whole world is singing the melody of Modi (Modi , Modi , Modi …..) .

1. Delivering his speech in hindi at UN (sep 2014 )
2. Spreading the thought of Vasudev-Kutumbhkam( world is a family ) to the world
3. Showcasing India’s cultural uniqueness to the world (wearing traditional clothes on int. tours)

All this have contributed immensely in building India’s soft power . World has started recognising India’s soft-power . Days are not far behind when this world will also see India becoming a super power

~Jai Hind ~

!! Dreams for Superpower !!

Something but interesting for you from Tilters visit here now ... Tax savings tips , Black money

Source Quara and Me

Start your own business In India

Hello Tilters , 
Today's subject is How can we take superior start up for Business ?

Boring but Important Business Stuff
The time to set forth the legal documents like articles of incorporation and buy/sell agreements and detailing percentage of ownership is very early in the company and while everybody is on friendly terms.  You should work with an experienced business lawyer to set these things up and actually read them and understand them.  It's extremely boring and not nearing as fun as building your business.  But the reality is it is extremely important to understand the fundamentals of starting a business and behave in a manner that will protect your investment, protect your personal belongings, and give you the best chance of success.   You don't want to be in a situation many years from now where you have a valuable company and a dispute with a business partner and these things aren't in place or not well understood by everyone involved.  You also don't want to be in a position many years from now where your 50/50 partner needs to leave the area because a spouse got a new job, and you've got to negotiate what happens now.  If someone is going to leave the business the rules for how that happens should be well known to everyone on day 1. 

Percentage Ownership
If its your idea and you are going to be doing 90%+ of the work and taking on 90% of the risk, you should own 100% of the company.  As you bring on business partners, in the earliest of days, you can provide them with stock options that accrue over years of service.  Don't assume that your good friend that you've known your whole life is going to be a true 50% partner and is going to give them same level of effort and take the same risks you are.  If you believe you are going to have a 50/50 partnership on your idea..   you could still own 100% of the company, give yourself to the ability to fire the other person, and let them vest in stock options for 50% of the company after 5 years of service.  So if they actually behave as a true partner like you think they will, they end up as a true 50/50 partner.  If not, you are in control. Just because you've enjoyed a few drinks with someone and their company for a number a years, doesn't mean you understand their work ethic.  Don't assume it's like yours because it probably isn't.  Nothing will poison a partnership more than a 50/50 partnership where 1 person is doing 60% of the work and the other 40%.  And it's probably the most common 2-party situation. 

Mitigate Your Risk
If you have a spouse, let them keep their normal day job and resist temptation to both quit and work together.  Your family will take on a lot less risk that way, and your relationship won't have the risk of undue stress from working together and failing together.  Most small businesses fail within a few years, and most have good ideas.  

Banks Aren't Going to Give You Any Money
Plenty will waste your time with wanting to see your business plans, etc.  But in 2012 they aren't lending anyone any money.   If they are, its because you are probably putting all your personal assets at risk.  So, make sure your business model has something you can be doing to generate revenue in the early days so you can bootstrap. 

Angel Investors Might Give You Some Money
But they are going to take a huge chunk of your equity, so avoid it unless your capital needs are extreme. 

Try Not to Borrow Money From Your Friends/Family
This is a personal preference.  You'll find plenty of people that will encourage you do to so.  The risk of failure is real and high, regardless of what type of business you are starting.  I wouldn't want to borrow money from friends and family because I don't feel comfortable having them share that risk and risk poisoning our future relationships. If you need to do this you need to ensure they understand their investment and everything needs to be in writing. 

Don't Start a Restaurant
The failure rate on non-franchise restaurants is absolutely massive. The start-up costs are huge.  Staffing is extremely difficult because turnover is horrendous.  Margins can be very low, chain competition is well-capitalized and have branding, advertising, location, executive, purchasing, management advantages over you.   Just because you like to cook doesn't mean you will like running a restaurant, where if you are actually running a restaurant you probably aren't doing much cooking. 

It Better Be Fun
You are going to be working longer hours and harder during those hours than if you just held a normal day job.  You are probably going to make less money than that day job for a good number of years.  You are going to take on a lot financial risk and have a much higher stress level than a normal job.   Your family needs to be on board because it's going to impact them.  All because some-day some politician will call you rich and tax your business an aggressive rate and only allow you to write off $10,000 of the $200,000 worth of equipment you just bought (or some such nonsense, my point is even success will have environmental drawbacks way out of your control).   There's significantly more than a 50% chance that the business will fail within five years.  Should you do this?  If the day to day activities will invigorate you and you'll enjoy your life more, yes.  


If You Fail
Remember everybody fails to some extent or another.  People who run successful businesses have made lots of mistakes and may have even run a few businesses into the ground in the past. They learned from those mistakes and didn't make them twice.  Keep a weekly journal of your thought processes and assumptions.  Document your mistakes, as painful as it can be.  
Here are a few thoughts:

Big, Selfless and Simple.  Big ideas get noticed. Incremental ideas are noise. Selfless ideas make it much easier to enlist others. Actually, people would rather not see you get rich. Solve their problems. Simple - start with a very simple proposition. This is not necessarily the concept of minimum viable product.  More like minimum viable description. Identify the pain point. Identify the very high level description of what you will do. Let the customers fill in the details. 

Avoid Risk.  It has been well documented that many of the great entrepreneurs were actually great risk mitigators. Survey the landscape. What steps can you take with mimimal risk. Take them.  Repeat.  

Entremanuer. I have often said I am a good entrpemanuer - repeatedly coming up with shitty new business ideas. Let the customers tell you you are wrong. Let them start to point you in the right direction.  The only thing that makes an idea great, is if it gets the customers to start a rich dialogue with you. They will lead you to the real answer.

Special tips for Start up of Business -

1. Understand what type of entity to incorporate as and speak to multiple people with experience before you pay any legal fees. LLC or C-Corp (often in Delaware) will be likely options but still find out for sure what is best for your future business. (read blogs from experts in related fields - lean on Quora)
2. Figure out what type of funds you will be raising (convertible debt, equity, etc) what your business model looks like, and what type of stock (preferred, common) you and any co-founders will be issued.
3. Be as knowledgeable as possible with all legal aspects - note terms (valuation cap, discount %, how PPS is determined) Do hypothetical calculations if you plan on raising $ and not bootstrapping so you can visibly understand dilution (yes, it is inevitable, but its still important to note.)
4. Don't build a solution you think people need, nail down a problem that undeniably exists and figure out how you can solve it better than anyone else.
5. In re: to business plans: some people will tell you "if you fail to plan, you plan to fail," others will say its completely bogus to make up a business plan because until your product hits the market, you have know idea what's going to happen.  This really all depends on what type of company you're starting and if anything currently exists you can benchmark off of. At the very least, I would suggest going to a platform like Gust and using their Executive Summary as a template for what you should have down on paper.
6. Study all "lean startup" principles
7. Read "Built to Last" by Jerry I. Porras and James C. Collins - know what it means to "preserve the core" and "stimulate progress" (by studying the successful habits of visionary companies you can learn many great philosophies without reinventing the wheel.)
8. Read "How to Win Friends & Influence People" by Dale Carnegie - I'm biased because I came from a sales background, but I believe so many people struggle with just being a "people person." In this game the more people that like you, whether; investors, employees, co-founders, customers, (the list goes on) the higher your chances are for success.
9. Stay true to your roots and follow your heart. The only difference between winners and losers isn't failure. It's that the winners never gave up despite all the "no's" and setbacks that were put in front of them.
10. Not everyone can be a great entrepreneur, but a great entrepreneur can come from anywhere. The world needs innovation more than every before and the next great minds don't have to be people with MBAs or Ivy League degrees
11. I wanted to end with 10 but... live by this quote, "If you are not making someone else's life better, than you're wasting your time."

Good Luck

Credit of Article to My friends on Quara and My Classmates .

India Towards Superpower

Do not rely on terms or names. Superpower need not be the aim, but become, at least an economic power. Having followed, democracy as a way of governance, first set-right the democratic order or principle. Parliament is the most powerful institution in our democracy. Allow it to function.The division of the ruling party and the opposition, has made the parliament non-functional. It may be good for democracy, but not for development.

Many of the development programs, halted or delayed, due to the non-cooperation of the opposition parties. It has been there before, and appear more now. Alternative to democracy, may not be a valid suggestion, but disturbance to the democratic functioning have to be corrected. If the only aim of the opposition parties is to stop the functioning of the parliament, then there is no need for an opposition.

There is no scope for India to become a self-defensive, or self sustaining economic power, unless the malaise in the parliament as well as in the state functioning improved, or made functioning properly. Under the cover of checks and balances, many of the development activities are halted, due to faulty democratic process. We may have to set-right the system, before trying to move further.

India has been missing chances for rapid economic growth in a world where that is defined as double digit growth rates sustained for a decade. We were held back by a business-unfriendly ecosystem, largely due to unreformed babudom, and to some extent due to partly-reformed political cronyism.

We are talking of reforming babudom, which needs a very deep surgery. I have written many times about it on Quora. But that would only be eliminating a carry-over cancerous tumor from the past. Just doing that will not open the floodgates to manufacturing happening in India. We would still get some of it. But the days of manufacturing outsourcing is nearing the sunset, with technologies like robotics and 3D printing growing at blazing speeds, changing the entire game. If we continue to plan to become the manufactory of the world, it will be like our hockey skills that became obsolete when the game changed to astro turfs.

The world economy is moving toward post-capitalism to a knowledge-based one. India has been nibbling at it. Our infotech sector started by being a supplier of qualified labor for this, and has been slowly moving up the food chain. There are big prospects available in this in areas as diverse as manufacture and control of robots & other automation tools, tele-diagnosis and tele-health care (even robotic surgery), development of science frontiers in agriculture, foods and their preservation, intelligent clothing, and many more.

We need to develop skills in these areas.

But even that will not be enough. Our drag today is our lack of civility, our boorish, almost beast like behavior. Instead of evolving as our country grows more and more crowded, we seem to sliding back rapidly into a "might is right" stage, whether it is in forming queues or driving or walking or hygiene or even our own personal safety & security. Most Indians seem to have passively delegated these basic personal responsibilities to government, as if we need a cop to stop us from honking or jumping signals or crossing the road as pedestrians. Nothing, absolutely nothing, will work if these basic requirements of existence are not met voluntarily by each of us.

How can India become a economic superpower ?

This is going to be a little hard to digest, but it is absolutely necessary.

• Stop being so mad about gold: India has a very less amount of gold reserves. Because people demand so much gold, India has to import gold from other countries such as US, South Africa, etc, thus reducing its foreign reserves and ultimately degrading the rupee in terms of dollar. This severely affects the GDP of India too. According to me, Gold is a safety option, not an investment. Investment is something which grows over time. However, considering that hardly anyone actually sells gold after buying it except for dire situations, Gold is just a safe-resort but not actually an investment.
• Try and reduce consumption of foreign goods : This hits the most. Many people are so awed by branded items that they don't think of anything else as a buyable option. However, that attitude needs to change seriously. In things where we can(e.g. daily necessities etc), branded items are not much different from non-branded items. These foreign industries ultimately sell the same product at twice their buying price by exploiting the minnows involved in the production process. This leads to an atmosphere of distrust and depression among the people at the root level because they are not paid enough which leads to the increasing number of suicides and various other colossal results. 
• Encourage local manufacturers: Basically, an extension of last point. Local entrepreneurs are supposed to have less profit margins because of threats to their existence owing to fierce competition. So, there is a hope that there can be less corruption. This factor has a big hand in China's impeccable growth.
• Discourage corruption: This is more realist than it seems. A corruption free  country feeds all the people involved in the distribution process fairly. Singapore is growing on these lines only.
• Try and create employment, especially for villagers: This may sound idealist but it is not. The benefits of employment are immense. More than 60% of India is made up of villages where people are mostly occupied with agriculture. There are a lot of cases in which more people are present on the field than required. Instead if given a job, we will improve our economy along with empowering them This is a great step for a growing economy for India.

Source - Quara