Too Services Heavy?

The current decade is meant to be a 'make-or-break' decade for India. The notion that India has somehow 'arrived' or 'destined' appears to be a gross exaggeration unless some key challenges are overcome. There are challenges that retard and challenges that we need to overcome to become empowered and capable. 

The ones that retard include:

1. Corruption
2. Political disquiet
3. Bureaucratic sluggishness
4. Chronic laziness

Empowerment comes from:

1.  Infrastructure development
2. Energy security
3. Skills development
4. Entrepreneurship

A bigger structural problem is the fact that the productivity of our agriculture has become stagnant for over two decades now, and manufacturing accounts for a relatively small share of the economy. Services alone are unlikely to carry India down the growth path on a sustained basis.

While infrastructure and energy are predominantly issues of capital availability the last two - skills development and entrepreneurship - need massive collaboration of human networks to train and mentor. I look forward to participate in these as PanIIT Alumni initiatives and other collaborations.