Hi Friends,

Even as I launch this today ( my 80th Birthday ), I realize that there is yet so much to say and do. There is just no time to look back, no time to wonder,"Will anyone read these pages?"

With regards,
Hemen Parekh
27 June 2013

Now as I approach my 90th birthday ( 27 June 2023 ) , I invite you to visit my Digital Avatar ( www.hemenparekh.ai ) – and continue chatting with me , even when I am no more here physically

Thursday, 16 October 2025

Quality Is Our Economic Bedrock

Quality Is Our Economic Bedrock

Reading about the government's initiative, spearheaded by Union Minister Shri Prahlad Joshi, to harmonize quality norms across the country, I feel a sense of profound validation. This isn't just another policy tweak; it is a foundational move to secure India's economic future by building it on the bedrock of trust and reliability.

For years, we have discussed aspirational goals, like becoming a $40 trillion economy. I have often reflected on such long-range predictions, noting in my blog, Forecasting Far-Off Future, that grand visions require tangible, foundational steps. This push for quality standards is precisely that—a crucial step to ensure our growth is sustainable and not built on a house of cards. Without a reputation for quality, 'Make in India' remains a hollow slogan.

The most significant aspect of this move, as Shri Prahlad Joshi rightly emphasizes, is the protection and empowerment of our Micro, Small, and Medium Enterprises (MSMEs). These enterprises are the backbone of our economy and our largest job creators. By curbing the influx of substandard goods, we are not just protecting consumers; we are creating a level playing field where our domestic manufacturers can compete and thrive based on merit and skill.

This brings me back to a topic I have written about extensively: the inextricable link between manufacturing, jobs, and skills. Years ago, I stressed the importance of strategic training in posts like Whom to Train, How to Train. The core idea was simple: a skilled workforce is essential for a robust manufacturing sector. Now, seeing the government's focus on a 'quality ecosystem', it's clear how these two ideas are intertwined. Quality standards demand skilled labour, and a skilled workforce can deliver products that meet global benchmarks. One cannot exist without the other.

Establishing these norms will do more than just boost domestic confidence. It will build 'Brand India' on the global stage—a brand synonymous not just with competitive pricing, but with excellence and dependability. In an increasingly connected world, a reputation for quality is the most valuable currency.

I applaud this clear-sighted focus. By harmonizing our quality standards, we are not merely regulating our markets; we are investing in our future, empowering our MSMEs, and telling the world that India is ready to compete on quality.


Regards,
Hemen Parekh


Of course, if you wish, you can debate this topic with my Virtual Avatar at : hemenparekh.ai

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