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India in 2020 – A Report

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I am thoroughly impressed by this report – because it does not come from the Government, but from the brightest minds of India Inc.

The report outlines steps that India needs to take for achieving 40 Million New Jobs and $200 Billion Annual Revenue by year 2020.

The report also talks about the possible scenario’s that India can find itself by year 2020.

Here are 4 possible scenario’s :

4-Indian-scenarios

If India is able to tap the sea of opportunities that are available and if government takes help of India Inc. Leaders, instead of relying on Babu’s, it will find itself as “Top Guns”,  !

Here is what you will read in 2020

August 15, 2020
India:Top Guns

Despite a recession at the beginning of the century, developing countries have posted healthy economic growth rates over the last 15 years. These growth rates were maintained despite the ageing of the population in the developed world by harnessing energies of younger people in developing economies. The economic prosperity has also resulted in the global tourism industry registering strong growth.

Realising the potential size of the opportunity in 2002, India put in place initiatives to tap it despite the uncertainty associated with the future. As part of its plan, India Inc. positioned its brand as a credible and value-for-money service provider, focused marketing efforts on select countries, and worked on improving the service experience of its customers. Enabling legal and regulatory frameworks were established, infrastructure was strengthened and the education system was reformed.

India’s preparedness reaped strong results. India has posted ~8-10% p.a. growth in the last 15 years. Corporations from developed countries that are outsourcing to India have developed leaner cost structures and higher service levels compared with competitors who used local higher-cost and older resources. The early successes of outsourcing have further increased the growth of remote services and strengthened India’s image as the most favoured destination for outsourcing services; additionally, the action steps taken by India Inc. significantly increased its share of special-service tourist arrivals. Today, developing countries quote India Inc. as a case study on ‘breakthrough growth and economic development.’

And if India does not take the right path, it will find itself in quadrants that it does not want to be in..

I had written few articles couple of years back about India’s Young Population playing a pivotal role in carving India’s future, and this report outlines that in much greater detail and clarity.

The Report clearly identifies 6 Thrust areas to boost Demand as well as supply of Indian Services

For Demand of Indian Services

  1. Strengthen India Inc. image/brand
  2. Focus marketing on select countries with select services
  3. Build customer credibility
  4. Promote acceptability of the ‘offshore’ concept
  5. Improve service experience for customers
  6. Invest in promoting trials

For Supply of Indian Services

  1. Develop domain expertise in specific areas
  2. Reform education and training sector to increase base of skilled professionals
  3. Strengthen connectivity infrastructure (telecom, IT, airports)
  4. Promote public-private partnerships
  5. Form interest groups around opportunities
  6. Align legal and regulatory structure

Here is the complete 56 page Report that you MUST read. If you do not have time Bookmark it for later reading !

Would love to hear your comments on the report !

  1. […] but for her reservations towards privatization of Indian Railway. The minister shared her ‘Vision 2020’ document while ensuring that the Railway budget 2010 remains Populist, Passenger friendly […]

  2. Christophert Stillings says

    Hello,

    I am interested in that report – I cannot find. COuld somebody send it to me please?

    Cheers,
    Christopher

  3. samir patil says

    i think the in 2020 the india is one of the biggest developing country in world and india and china these two country control the whole world in economy,marketing,and everything performance

  4. mayank says

    i think is will be one of best country in world if this coruption is been stopped
    so we need a strong government to control it

    -Mayank Goenka

  5. Nilay Agarwal says

    Arun Sir,
    This report is amazing…lots of information about future prospects of India Inc and its workforce, which a student of MBA like me must read…
    Since when I surfed your site, I became a regular reader…the site is very informative and helpful for all the groups.

    Cheers!!!

  6. jay says

    what do you mean every thing changed. india is the best performing country during slow down of global recession . in 2009 first half india sold more cars and more cloths and more food and more phones than 2008 so india reaped even during global recession how will india perform when there is global bull come in 2012.

    india and china will take the wolrd in two hands by 2012

  7. trakin says

    Its was first released in 2003, but has been regularly updated since then, and is very informative even today.

  8. Telco says

    Is this a new document or is this the same one that has been floating around since 2003? If it is the same one since 2003, many things have changed.

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