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Improved governance can fuel India to be top growth nation: IBM

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New Delhi: India, with improved governance and strong social and physical infrastructure, can become the world’s highest growth nation in the 21st century, revealed an IBM study.

IBM India managing director Vanitha Narayanan released the report “Indian Century: Defining India’s Place in a Rapidly Changing Global Economy” here on Thursday

India is witnessing a transformation that promises to minimise constraints and support economic advancement. The build out of social and digital infrastructure, powered by local innovations, will help India become an integral part of the global ecosystem,

The IBM Institute for Business Value predicted how India could become the world’s highest growth nation in the 21st century.

The study is based on interviews with 1,088 Indian executives across large enterprises (73 percent), start-ups (11 percent), academia (5 percent) and government (11 percent) to get their perspective on opportunities and roadblocks for the Indian economy.

Nearly 51 percent of the Indian executives highlighted improved governance as a key driver for sustainable growth, while social (46 percent) and physical (45 percent) infrastructure were ranked important growth drivers on second and third spots respectively.

Nearly 43 percent executives placed access to capital on the fourth spot and said this key factor has been a hindrance in sustainable growth.

About 40 percent executives backed availability of skilled resources as the fifth key driver to bring sustainable growth in India,

According to the study, India benefits from entrepreneurialism and diversity and is currently ranking as the fourth-largest source of technology start-ups globally.

“A young population equipped with the right skills and growing middle class will reinforce economic activity through increased consumption and investment,” it highlighted, noting that by 2020, India will constitute 30 percent of the world’s workforce and by 2030, the nation is projected to have the largest middle-class population in the world.

Narayanan, in her speech, also emphasised over India’s potential and growth perspective.

The study rightly points out that India has immense potential to leapfrog traditional growth paradigms. If we are able to capitalise on the opportunities present in front of us, the next decade can definitely mark the beginning of the Indian Century,

Based on unique advantages that India has and the recognition that economic transformation is essential for India’s long-term well-being, the country is already on the path of economic advancement, said the study. (IANS)

(Picture Courtesy: www.socialnews.xyz)

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Italy to Make Climate Change and Sustainable Development Study Compulsory for School Children

Many traditional subjects, such as geography, mathematics and physics, would also be studied from the perspective of sustainable development

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Italy, Climate Change, Sustainable Development
Italy's Education Minister Lorenzo Fioramonti gestures during an interview with Reuters in Rome, Italy, November 4, 2019. VOA

Italy will next year become the world’s first country to make it compulsory for schoolchildren to study climate change and sustainable development, Education Minister Lorenzo Fioramonti said.

Fioramonti, from the anti-establishment 5-Star Movement, is the government’s most vocal supporter of green policies and was criticized by the opposition in September for encouraging students to skip school and take part in climate protests.

In an interview in his Rome office on Monday, Fioramonti said all state schools would dedicate 33 hours per year, almost one hour per school week, to climate change issues from the start of the next academic year in September.

Many traditional subjects, such as geography, mathematics and physics, would also be studied from the perspective of sustainable development, said the minister, a former economics professor at South Africa’s Pretoria University.

Italy, Climate Change, Sustainable Development
Fioramonti, from the anti-establishment 5-Star Movement, is the government’s most vocal supporter of green policies and was criticized by the opposition in September. Pixabay

“The entire ministry is being changed to make sustainability and climate the center of the education model,” Fioramonti told Reuters in the interview conducted in fluent English.

“I want to make the Italian education system the first education system that puts the environment and society at the core of everything we learn in school.”

Fioramonti, 42, the author of several books arguing gross domestic product should no longer be used as the main measure of countries’ economic success, has been a target of the right-wing opposition since becoming a minister in the two-month-old government of 5-Star and the center-left Democratic Party.

His proposals for new taxes on airline tickets, plastic and sugary foods to raise funds for education were strongly attacked by critics who said Italians were already over-taxed.

 

He then sparked fury from conservatives when he suggested crucifixes should be removed from Italian classrooms to create a more inclusive environment for non-Christians.

Despite the criticism, the government’s 2020 budget presented to parliament this week included both the plastic tax and a new tax on sugary drinks.

“I was ridiculed by everyone and treated like a village idiot, and now a few months later the government is using two of those proposals and it seems to me more and more people are convinced it is the way to go,” Fioramonti said.

ANTI-SALVINI

Italy, Climate Change, Sustainable Development
In an interview in his Rome office on Monday, Fioramonti said all state schools would dedicate 33 hours per year, almost one hour per school week, to climate change issues from the start. Pixabay

Surveys showed 70-80% of Italians backed taxing sugar and flights, he said, adding that coalition lawmakers had told him they would table budget amendments to introduce his proposal to hike air ticket prices before the budget is approved by end-year.

Fioramonti said targeted taxes of this kind were a way of discouraging types of consumption which were harmful to the environment or individuals, while generating resources for schools, welfare or lowering income tax.

In this vein, he suggested other levies on various types of gambling and on profits from oil drilling.

Also Read- Delhi AQI Improves, Down to ‘Very Poor’ After Almost a Week: Report

His progressive positions on the economy and the environment are the antithesis of Matteo Salvini’s hard-right League, which has overtaken 5-Star to become easily Italy’s most popular party, with more than 30% of voter support. (VOA)