Changing Industries

I would appreciate if we can have national discussion on how various Industries and Government will change in the next decade. I invite everyone to contribute based on changes they forsee and let your imagination stretch. Also, share about industries/businesses that will become extinct. What has happened to STD/PCOs, Video Cassette Rental, Travel Agents, up to some extent News Paper is for all to see. Also write on new businesses/services that will emerge. How will governance change. How will corruption/collusion go away.

If a detailed open discussion can be had on this, I will also request local circles to compile and share with us and PM and public at large. more  

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I think, the most important thing we need is improvement in governance. For industry or any business runs smoothly when there is proper regulation. Regulation need proper governace. We adopted rules and regulations created by Bristish for their rule. At 70 percent ministries in India still follows that rules (may be with some changes here and there). Ministries like Defence, Finance, FA etc there may be changes, but there are 10s of other ministries and 100s of departments their rules and regulations are obsolete. If we want to improve our system, we have to look into people working in those departments, study their problems, study the rules and procedures they follow. The people working there at lower to medium levels can give productive suggestions and ideas to improve. There whereever modernization can be applied, good IT systems should be implemented. So if our all departments such efforts are made using modern concepts used in IT (Business Process etc) we can make the departments strong and efficient, thereby good, transparent governance and less corruption. more  
we may have extinction of bill paying counter as more and more people will make online payments. more  
We are in the era of interfacing the human beings with IT enabled services and the speed with which the interfacing it is difficult to predict the type of industries which can be thought off.
One this sure the existing Industires have to update the infrastructure which will be in line with the improvements in the IT enabled industry.
In the days to come the IT enabled systems can replace human brain and human work.
I feel first and far-most change would be use of IT enabled systems will make each and every citizen to have a knowledge on the lastest developments and modify their industry as per the fast changing development and these development s will be short lived and the changes will be much faster than what we have seen during 1947-60, and 1960-80 and 2000-2010, 2010-2015.
Here again we have 35% of our population are employable so we have to which industry can take them with the changes we foresee. more  
With foreseen upcoming investments in infrastructures, human development programs plus prevailing productive age group in the pipeline in coming 30years we see encouraging future to take India to the top.
The challenges Team India will be to change with time in our Commercial and Industrial sector in utilizing our huge human resources by giving adequate transparent compensation and training with empowerment. (learn lessons from successes made by Fortune 500 Corporations).
Modernization, research development, marketing must be on going investments if to remain in competition and be ready to diversify if need to be.
Government will remove existing and prevailing hurdles as per requirements and demands by the private sector as and when seen and make it easy and competitive to expand and change.

Income tax, GST. Tax regimes will be transparent, made easy for tax payers to follow and execute.

When all fundamentals of commerce, industries and human resources having good governance both in government and private sector we need keep a watch on major changes if any in our foreign policies, foreign exchange out and in flow and supplier of key inputs oil and raw material which can impact on economy.

All over the world an Indian entrepreneurs are well conversed and posses foresight to make successes even in difficult terrains where good governance is in place. more  
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