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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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Rajasthan’s Leading Properties Go Green To Follow The Sustainable Route

Once a warrior fort, the management of the heritage property also engages the villagers in tasks like organic farming.

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Famous Forts in India
Amer fort, Jaipur, Rajasthan (Pic Credits : Elene Machaidze)

From plastic straws to copper vessels, handmade lamps and bangles, Rajasthan’s leading hospitality players here are establishing new trends by engaging local artisans to showcase traditional artistry to guests and serving them locally-inspired cuisine amid green surroundings.

“We have initiated the use of paper-made straws; there is no use of plastic bags anywhere in the hotel property and the local-inspired food is being served to guests to ensure the locals have a regular source of income,” Binny Sebastian, General Manager, Bishangarh’s Alila Fort heritage hotel, some 50 km from here, told IANS.

Once a warrior fort, the management of the heritage property also engages the villagers in tasks like organic farming.

organic farming
Once a warrior fort, the management of the heritage property also engages the villagers in tasks like organic farming.

“Our association with the locals is quite strong. Working with them, we take our guests to the local temple. They also visit the artisans’ houses and sip tea there while watching them make pottery and weave carpet. In this way, we ensure that locals get a decent livelihood,” Sebastian added.

“We have started getting regular income since this property came up a year back. We have been showing our art to the guests here which gives us satisfaction as well as an income,” said Nizamuddin, a bangle maker.

Ashok S. Rathore, General Manager of the Rambagh Palace, said: “We have curtailed the use of plastic. There are no plastic straws being used on the property. We serve in glass bottles instead of plastic water bottles.”

This property is also adopting sustainable routes to ensure that the locals get decent income opportunities for their sustenance.

Famous forts in India
Chittorgarh Fort, Rajasthan (Wikimedia Commons)

“Our interiors are reminiscent of handmade interiors. Our suites are adorned with Thikri art, a rare gold-dipped miniature artwork of Rajasthan. But skilled artists are disappearing and it comes with a high cost of production,” said Rathore.

Also Read: Stop “Stereotyping” Northeast, States Hold Strong Cultural Harmony

Fairmont Jaipur has incorporated the fine craftsmanship and beauty of the local cultural heritage and artisans of Jaipur. The ceilings are hand-painted by local artisans with complex motifs.

“We associate with the local artisans to showcase their talent at the hotel in the form of the evening entertainment, the welcome experience and celebrate the local heritage of Rajasthan,” said Srijan Vadhera, General Manager, Fairmont Jaipur. (IANS)