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
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
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