When there is a problem, beneath lies an opportunity. This is how we started our team meeting today, and a delightful revelation came that, “Most people are looking for business ideas”. That led us to think; Do we really need business ideas in a country like India? And this compelled us to write this article.
And we started brainstorming, but before that we just wanted to think about a Dream India.
A Nation Free of Corruptions (IN 2015 INDIA ranked 75th in corruption), the good news is it’s an improvement.
A Nation Free of Poverty (Reserve Bank of India in 2015 show still 21.92% persons below poverty line)
A Nation Full of Infrastructure (in 2015 survey India stands at rank 87th in infrastructure)
A Nation Full of Institution (in 2015 survey India ranked 104th in institution)
A Nation Full of Education (in 2015 according to India today the country stands at ranked 92)
According to “Business Standard” in 2015 the country ranks 142 on the World Bank’s Ease of Doing Business.
Since the last one year a lot has changed, the new government has taken a lot of initiatives, projects like Make in India, Startup India, Smart Cities and many more ideas like these are truly showing a promising sign. Dr.A.P.J.Abdul Kalam’s vision 2020 is also playing its part.
But these are still at an early stage to predict anything.. The statistics show that India is improving every year almost, but once we compare our country to the countries like US, Germany, China, Japan or any other developed countries of the world, the differences are visible.
The story of two developed Asian countries: Japan and China.
After World War2, Japan’s half of the young population was dead in war, but in 1950 the government and the industry of Japan got together, and decided that within 1960 they will become no1 in textile industry and they reached this goal within 9 years. Then in 1960, they set another target to become no 1 in production of steel. It was an absurd target, because the country almost had no resource, yet it became no 1 in steel production in 1970. So, they took another target this time, they decided that in next 10 years they would become no1 in automobiles, and they became no1 in 1981, and then set yet another target ,to become no 1 in computers and electronics and we all know where Japan is today.
The story of China’s progress might be different from Japan’s, and it doesn’t matter how much the world criticizes the Chinese, their progress can’t be denied. They are one of the fastest growing nations of the world. China has experienced strong, steady growth over the past 30 years, with its gross domestic product increasing annually at a rate around 10% since Deng Xiaoping became leader and started to introduce economic reforms in 1990s. China is now world’s one of the largest economy and largest exporter.
Crisis, Opportunity and India
The old saying of Roti, Kapda and Makaan are still a valid need of most in India, though the degree might differ. The common dreams of every Indian can be listed in few words like proper food for all, 24/7 electricity, access to quality education, health security, good public transportation, fresh air, clean water, employment etc.
So what’s the solution?
Honestly speaking, we can’t make comments on this. But if we look around how some countries came out of similar issue, especially China, who was in quite a similar position, we can learn. China’s 42 million small and medium enterprises (SMEs) have played a very important role in the growth of its economy. In 2009, SMEs contributed to more than 58% of GDP, 50% of tax revenues, more than 65% of exports, and more than 70% of new employment.
Do we still need to look for business ideas from outside? Aren’t these visions giving us the glimpse of opportunities that is lying ahead? With all those dreams and challenges there is lying an un-chartered territory of business opportunities to explore.
Since 2007 and 2008 when recession hit the world, and it got hit really hard, it changed many people lives all around the world, the word safety was no longer the part of many countries.
But fortunately many positive things also occurred at the same time. The mindset changed that job is no longer safe and this changed everything. In 2007-08 the new generation capitalized opportunities and then came Flipkart, Ola, Zomato, Quikr, Bookmyshow and many more, All of them almost at same time and we all know where they are today.
India is set to become the youngest country by 2020, a country full of youth, and full of opportunity. As we started”when there is a problem beneath lies an opportunity”