In yesterday’s Hindustan Times , Shri Amitabh Kant ( CEO –
NITI Aayog ) expressed his personal
views in :
Extract
:
How can India capitalise on its growth potential ?
·
Achieving size and scale are prerequisites for the economy to
be highly competitive and innovation driven.
·
To do this, Indian companies must have the capability to emerge as
global champions and penetrate global markets.
·
These companies will also help create the requisite jobs needed
for India’s young population
·
Large, formal firms drive income and efficiency. With scale,
companies can lower per unit costs and compete in global markets thereby raising
their own standards.
·
The prevalence of large firms is a key characteristic of well
performing economies and sectors.
·
There are certain good practices that large enterprises
imbibe in economies, which is a vital reason why large enterprise in India
must expand and broaden.
·
Competition and innovation are critical factors
driving growth.
·
For India to reach the next stage in its economic trajectory, the
government’s task is to create a supportive, enabling environment for firms to grow and
achieve scale.
·
Only by facilitating champion companies can India fulfil its growth potential and
move to the next rung in its development
======================================================
As always , Amitabh does not mince words and hits the
nail on the head !
Only yesterday he said :
“ We need to incentivize
domestic funding in our Start Up movement, not tax them . This is
necessary as we do not tax venture capital ( VC ) funds . …a serious concern is the
decline in seed stage capital by 20 % ……..seed capital is extremely important
to nurture entrepreneurial innovation and is often the riskiest investment “
Here is cause for concern :
2017 > Firms raised Rs 8.6 L*crore thru debt market
and Rs 1.6 L* crore from equities
2018 > Rs 5.1 L*crore thru debt market and Rs 78500
crore from equities
Earlier as the architect of “ Make in India “ initiative and now busy
fostering a positive / healthy competition among the States when it comes to “ Ease of Doing Business “ ,
he has championed many reforms
But “ reforming “ an entire ECONOMY of our country is
an ongoing / everlasting ,“ Work in Process “
And , as far as “ Growing Big “
is concerned , I have sent following suggestions in the past :
AGENDA
FOR REFORMS
[ Oct 2015 to March 2018 ]
Transport : an Integrated
Logistic Plan ? ………………………………[ 20 Nov 2018
]
Only
Answer : a Statutory Warning ……………………………………[ 10 Nov 2018
]
Foundation
of Economy ………………………………………………………….[ 03 Nov 2018
]
Will
China save the World ? ……………………………………………………[ 21 Oct 2018
]
Costing
Plays a Key Role ………………………………………………………..[ 18 Oct 2018
]
Climate
Conundrum ? ……………………………………………………………..[ 10 Oct 2018
]
Ayushman
Bharat : Think Big ………………………………………………….[ 23 Sept 2018
]
Crossing
the Seven Seas - 7 C ……………………………………………….[ 10 Sept 2018
]
=====================================================================================
25 Dec 2018
www.hemenparekh.in /
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