THE QUESTION :
Speaking at the launch of a book "World 2050" in Mumbai on 09 June 2016 , Reserve Bank Governor Raghuram Rajan said :
" The technological progress is making the middle class anxious about job security globally.
* flexible manufacturing,
* big data,
* connectivity, and
which are changing the entire landscape, wherein only professionals in the hi-tech sector or those lower down like security guards are feeling secure, while leaving the middle class anxious.
Nobody knows what, but the populists have the answer," he said, adding this results in attitudes like keeping out immigrants and also technology.
Increasingly, the debate is moving to emerging markets, where there is a worry, perhaps industrial countries will get right this time and perhaps won’t need us to produce stuff.
What happens if all these robots, flexible manufacturing, 3d printers... They no longer need mass production that was ladder to growth in emerging markets.... What happens to countries like Vietnam, India and Africa if the ladder for steady growth is removed ? ”
This is a QUESTION rather than a STATEMENT, something we have to think about when we are looking forward 35 years,” he added.
THE ANSWER ( but certainly , not " Populist ) :
My blog dt : 9 September 2015
China is known as the " Factory " of the World
India is known as the " Back Office " of the World
Can India become the " Back Factory " of the World ?
Wrong question !
Right question is : WHEN can we become the " Back Factory " of the World ?
Answer is " hiding in plain sight " !
This week , an astronaut , sitting in a satellite 400 km above the earth and hurtling through space at 16,000 km per hour , operated a robot on the earth
Earlier , scientists sitting in NASA space centre or in Shri Harikota space centre , have operated Mars Rovers / MOM ( Mars Orbital Mission ) remotely
From a distance of millions of miles
And soon , astronauts will be sending emails to earthlings from millions of miles away , using " Space Internet " on their Mobile phones
Invariably , each such team of scientists , comprised Indians !
So , WHEN can our scientists - and software Start Ups - enable Indian workers , sitting in Hyderabad / Chennai etc , to operate / manipulate , machinery in factories of Europe / America / China ?
I believe this can become a reality by 2020 , if Central Government and State Governments , just get out of the way of our scientists / Start Ups and leave them alone !
Then tell them :
" You are our next generation of Freedom Fighters . Free our millions from
poverty / starvation / jobless depression / ignominy / suicides
Like war - ravaged people of North Africa , Indians cannot invade Europe / Australia / Canada , in search of jobs / better life
We depend upon you to bring the jobs to India - jobs such as ,
* Operating Machinery in Factories abroad
* Controlling Air Traffic at Airports around the World
* Operating upon patients in Hospitals , all over
* Teaching students in Schools , in remote Africa
* Any job that currently requires immediate presence of a worker
And , if you set up a " Back Factory " , you don't need to pay Corporate Income Tax for next 10 years !
Simply register on web site of Income Tax Department as a " Back Factory " owner and file annual " Zero Corporate Tax Return "
When this happens ,
> Millions of skilled Indian workers will operate factories around the World ,
sitting in , internet connected " Back Factories " in small Indian towns
> Foxcon will not need to replace its high-wage Chinese workers with one
million robots ( as officially announced sometime back )
At half the wages of those Chinese workers , Indians will operate Foxcon
factories , all over the World , remotely !
> " Contract Labour Act " will need to be replaced with " Back Factory " Act
> " Minimum Wages Act " will need to be scrapped !
> India will not need to fight with WTO on " Manpower / Service Exports "
> " Make in India " will morph into " Make from India "
I hope NDA Ministers and members of NITI Aayog will ask , Narayan Murthy / Sam Pitroda / Azim Premji / Sundar Pichai / Satya Nadela / Ray Kurzweil etc :
" How soon can this be done ? How can you help ? "
10 June 2016
www.hemenparekh.in / blogs
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