Prahalad unveils India 2022 Vision

India’s human resource alone — if professionally trained — can help catapult it to the global big league by the time the country completes 75 years of existence in 2022, said the world’s leading management thinker C.K. Prahalad .He was addressing a gathering of Young Indians — the youth arm of the Confederation of Indian Industry on India@75, a presentation in which he spelt out his vision of an India of 2022 where the rate of economic growth and human development index would be high, while the rate of corruption would fall substantially. Prahalad said the journey to this goal must begin with a nationwide wave of academic and professional education together with a massive effort to vocationally train the country’s youth. “India has the potential to build a base of 20 crore college graduates which will be a portfolio of educated people in every discipline... further, I would like to see 50 crore certified and skilled technicians,” Prahlad projected.He said implicit in this future is universal literacy and it is possible in the next 15 years if the country’s leaders focus on this goal as a priority. This will ensure that India has the largest pool of technically trained manpower anywhere in the world and mark the starting point of global leadership, Prahalad stressed. With such a broadbased skill sets India has the potential to be the hotbed of global innovation, Prahalad opined, adding that the India is already becoming home to new business models characterised by very low capital intensity, extremely low fixed costs and conversion of fixed costs into variable costs using smart ideas. While achieving this material progress, India can encourage arts, sciences and literature, Prahalad noted, asking “Why can’t India have 10 Nobel prize winners? It would be better if the Nobel comes for work done in India rather than Indians getting the prizes for work done elsewhere.”

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