Employment Generation and the Economy
The key issues of unemployment, illiteracy and poverty can be tackled in a systematic manner. To tackle these issues we need to make a list of three things.
First, what do we Indians need?
Second, how do we manufacture those things that we need and finally;
Where do we get the funds from?
A modern economy needs a million items for example, food, water, medicine, education, electricity, phones, homes, clothes, computers, electronics, utensils, weapons, satellites, trucks, rigs, engineering goods, buses, trains, injections, pens, newspapers, shoes, medical equipment and a million more items. A large part of these items are not manufactured in india and for that matter we do not have the technical know how to manufacture many of these products and services in india.
the second part if how do we manufacture these items, for example we need to increase our capacity to produce iron, cement, steel, bricks, electricity, diesel, petrol, gas, coal just to name a few by at least 100%. we also need raw materials like chromium, vanadium, lead, asbestos, titanium, mercury, uranium, coltan, silicon, gold, silver etc.
Now for the most important component, funds, this is the toughest part and the best source for now seems to be divestment of shares of public sector undertaking, in short privatisation of PSU to the indian private sector and to some extent to foreign investors, this can generate billions of dollars which can then be spent in building 100 engineering colleges and 100 medical colleges or 100 hotels or 100 factories just to quote a small example. but this is not the end of the process. we also need to answer two very important questions, where do we spend money and why?
This is just a starter, government has to also decide on how to achieve what ever goals it sets for itself. for example if we decide to build 1000 factories to manufacture all the above products then we need to find land and technology and train the labor for it. one way is to look to land which is not suitable for anything else , i mean waste land.
These are just pointers and I will share more information on this topic soon more
First, what do we Indians need?
Second, how do we manufacture those things that we need and finally;
Where do we get the funds from?
A modern economy needs a million items for example, food, water, medicine, education, electricity, phones, homes, clothes, computers, electronics, utensils, weapons, satellites, trucks, rigs, engineering goods, buses, trains, injections, pens, newspapers, shoes, medical equipment and a million more items. A large part of these items are not manufactured in india and for that matter we do not have the technical know how to manufacture many of these products and services in india.
the second part if how do we manufacture these items, for example we need to increase our capacity to produce iron, cement, steel, bricks, electricity, diesel, petrol, gas, coal just to name a few by at least 100%. we also need raw materials like chromium, vanadium, lead, asbestos, titanium, mercury, uranium, coltan, silicon, gold, silver etc.
Now for the most important component, funds, this is the toughest part and the best source for now seems to be divestment of shares of public sector undertaking, in short privatisation of PSU to the indian private sector and to some extent to foreign investors, this can generate billions of dollars which can then be spent in building 100 engineering colleges and 100 medical colleges or 100 hotels or 100 factories just to quote a small example. but this is not the end of the process. we also need to answer two very important questions, where do we spend money and why?
This is just a starter, government has to also decide on how to achieve what ever goals it sets for itself. for example if we decide to build 1000 factories to manufacture all the above products then we need to find land and technology and train the labor for it. one way is to look to land which is not suitable for anything else , i mean waste land.
These are just pointers and I will share more information on this topic soon more
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