Lets attract global business to India
Foreign companies wanting to relocate to India with new investments will pay only 15% corporate tax now. This is a huge incentive for global companies to come to India at a time when trade wars are disrupting investment decisions. The circle must discuss how the Govt should recruit as many foreign companies to set up companies and factories here and what are the ease of doing business reforms needed. more
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For International competition labor laws requires drastic change,may not be as tough as China but should be on similar lines.Presently our labor production capacity is much less then China.Also more and more of automation has to be done,so that production cost can be reduced to a competative level. more
Sep 30
Manufacturing Cost and Quality plays vital Role and Country shall have strict Rules in support of NATION more
Sep 30
Dear Shri Kaushikk Vyas,
Thank you for your response. You are right in one respect, that is joblessness is increasing everywhere. And this is because of automation and the consequent change in labor profile in manufacturing industries. But on all other points I beg to differ with you.
We must appreciate that with globalization no country can remain immune to cut-throat competition. China became prosperous only because of their autocratic rule and exploitation of labor who were treated like animals. Now their living standard has improved and they are getting more and more benefits. Another very important factor about China is that they can steal the technology from anybody and make it their own. It is a wishful thinking that Chinese model can be implemented in India.
For a country like India with such mammoth population and mouths to feed is it possible to see the rights and welfare of only one section of organized labor and ignore the masses? No responsible government can do it. Of course there should be a balanced approach wherein the productive employees get good reward and the employer should also get reasonable profit for his risk and the capital employed.
When more and more industries set up shop in the country there will be more employment opportunities and automatically more demand for skilled manpower which will in turn get better remuneration.
Another important crying need is the reforms in education system. Now more than 50% of engineering graduates are unemployable because of lack of skills need in the modern industry (see the reported remarks of Metroman Shri E Sreedharan who is a well accomplished and non corrupt engineer). More than 80% of arts and science graduates are simply unemployable in the present work environment.
Regarding WTO rules please understand that world is changing and what was said at the time of formation of WTO will not perpetually hold good for all times to come. Only countries, societies and people who evolve according to changing times will survive in the modern world of cut-throat competition. Others will be just beggars who may have to depend on government doles.
It is again naive to think that all parties will come together with a similar idea for the good of the society. This is not at all thinkable at present, at least in Indian context.
Regarding communists please update yourself. Communists are thrown out from WB and Tripura and in last LS elections leftists got only one seat out of 20 in Kerala. In next assembly elections (2021) communists will not exist in Kerala also. more
Thank you for your response. You are right in one respect, that is joblessness is increasing everywhere. And this is because of automation and the consequent change in labor profile in manufacturing industries. But on all other points I beg to differ with you.
We must appreciate that with globalization no country can remain immune to cut-throat competition. China became prosperous only because of their autocratic rule and exploitation of labor who were treated like animals. Now their living standard has improved and they are getting more and more benefits. Another very important factor about China is that they can steal the technology from anybody and make it their own. It is a wishful thinking that Chinese model can be implemented in India.
For a country like India with such mammoth population and mouths to feed is it possible to see the rights and welfare of only one section of organized labor and ignore the masses? No responsible government can do it. Of course there should be a balanced approach wherein the productive employees get good reward and the employer should also get reasonable profit for his risk and the capital employed.
When more and more industries set up shop in the country there will be more employment opportunities and automatically more demand for skilled manpower which will in turn get better remuneration.
Another important crying need is the reforms in education system. Now more than 50% of engineering graduates are unemployable because of lack of skills need in the modern industry (see the reported remarks of Metroman Shri E Sreedharan who is a well accomplished and non corrupt engineer). More than 80% of arts and science graduates are simply unemployable in the present work environment.
Regarding WTO rules please understand that world is changing and what was said at the time of formation of WTO will not perpetually hold good for all times to come. Only countries, societies and people who evolve according to changing times will survive in the modern world of cut-throat competition. Others will be just beggars who may have to depend on government doles.
It is again naive to think that all parties will come together with a similar idea for the good of the society. This is not at all thinkable at present, at least in Indian context.
Regarding communists please update yourself. Communists are thrown out from WB and Tripura and in last LS elections leftists got only one seat out of 20 in Kerala. In next assembly elections (2021) communists will not exist in Kerala also. more
Sep 24
People like Mr. Kaushik Vyas must understand that first of all for a country like India there is need to create millions of employment opportunities for which more and more business establishments and industries have to come. We must also understand that we are working in a highly competitive world market and there are other countries to woo the international investors to develop their economy.
We must also understand that when the economy develops it will automatically improve the living conditions of its people including laborers. See the western economies. They are cut throat capitalists but there is such a robust labor welfare system also, because they can afford to provide it.
Again you my comments does not say that the employers should be allowed to exploit the labor. It only says that conditions should be beneficial to the employer and employee and not one sided. See the example of Kerala. Why nobody is willing to invest in Kerala of why industries are running away from West Bengal? Kerala is a high wage economy and no product manufactured here will be nationally or internationally competitive. Therefore one must take a balanced view if our country has to develop and provide opportunities to the teeming millions. more
We must also understand that when the economy develops it will automatically improve the living conditions of its people including laborers. See the western economies. They are cut throat capitalists but there is such a robust labor welfare system also, because they can afford to provide it.
Again you my comments does not say that the employers should be allowed to exploit the labor. It only says that conditions should be beneficial to the employer and employee and not one sided. See the example of Kerala. Why nobody is willing to invest in Kerala of why industries are running away from West Bengal? Kerala is a high wage economy and no product manufactured here will be nationally or internationally competitive. Therefore one must take a balanced view if our country has to develop and provide opportunities to the teeming millions. more
Sep 23
Sir, thanks I appreciate your view point. But particularly after globalisation the issues related to labours have increased n what you cited about western countries ,there also people are struggling for their jobs. For manual labours there is no scarcity of jobs, but at a cost not like people who work in offices or as professionals in industries but for new aspirants it is damn difficult Unless both husband n wife work it is difficult to live.
Moreover, try to understand one thing very clearly ,what was explained to us while signing the WTO agreement ,it will boost our industries n job opportunities, help better growth, competition will provide cheaper products ,had that happened ,then why are we to day discussing about economy n want others to come to our country to do business here?
Why in China many MNCs are operating what is besides the land n labours they have special or unique that MNCs are attracted there.
Unless n until it becomes every political parties common goal n objective n The country first , sir do you think only reforms can work?
Of course the communists philosophy only cannot work because the industrialists are scared of their ideology but then what is next. Still people in those two states are electing those partied only why? more
Moreover, try to understand one thing very clearly ,what was explained to us while signing the WTO agreement ,it will boost our industries n job opportunities, help better growth, competition will provide cheaper products ,had that happened ,then why are we to day discussing about economy n want others to come to our country to do business here?
Why in China many MNCs are operating what is besides the land n labours they have special or unique that MNCs are attracted there.
Unless n until it becomes every political parties common goal n objective n The country first , sir do you think only reforms can work?
Of course the communists philosophy only cannot work because the industrialists are scared of their ideology but then what is next. Still people in those two states are electing those partied only why? more
Sep 23
