Daijiworld Media Network – Udupi (SP)
Udupi, Jan 19: Dr Jagadish N Sheth, professor in the department of marketing of Goizueta Business School of Emery University, USA, powerfully presented his arguments for radical changes in political outlook of the country, if the country was to reap the benefits of becoming one of the three most economically powerful countries in the world by 2025, and to encash the opportunities that have opened up because of economic liberalization.
He was delivering the 28th T A Pai Memorial Lecture on the subject, ‘India’s Decade of Destination’ organized on Tuesday January 18 by T A Pai Management Institute (TAPMI) at Hotel Valley View auditorium in Manipal. He predicted that USA, China and India will be in the three most powerful economic forces by then, and that to handle this position properly, India requires an administrative mechanism that is guided by an altogether different ideal.
“At present, political parties or individuals backed by vested interests have been contributing to the political strategies of the country. An effective measure to counter this is the collection of funds for political parties and candidates just like in USA. Multiple parties do no good for the future of the country, which result in unholy alliances and frequent cabinet reshuffles. Such alliances are not guided by long term goals for the country,” he analyzed.
He said that computerization of government administration is an effective tool for regulating corruption. “Computerization makes it easy for law to be enforced. My eyes are on the system that harbours corruption, and not the corruption itself. Law should be strictly enforced against those who get involved with large scale corruption,” he argued.
Dr Sheth foresaw a bright future for India globally, in the fields of copper, steel, aluminium, cement etc. He identified human resources, natural resources, and resources from non-resident of Indians, cultural variety and entrepreneurship, as the plus points of India. He also identified division of economics like multiple banks, too many telephone companies, too many cement producers, shortage of infrastructure that has contributed to export of raw materials than finished ones, lacunae in implementation of policies, shortage of investment in health and education sectors, too many licensing norms etc., as road blocks in the economic progress of the country.
Chairman of TAPMI governing council, Dr Ramadas Pai, was present. Director, Dr Saji Gopinath, welcomed. Prof Natarajan presented the programme.