January 29, 2023

Will India ever break into the ranks of the rich nations or is it just a myth, explains Kabeer Goswami

4 min read

Mr. Kabeer Goswami addressing entrepreneurs at a summit by BHISM

April 29: India is widely referred to as a developing youth nation with one of the fastest-growing economies in the world. Often compared to the promising economies of Turkey, Mexico, and Brazil, it has been predicted by World Bank CEO, Kristalina Georgieva in 2017 that India will become a higher middle-class income country by 2047, as soon as India completes 100 years of independence. Productivity consultant Mr. Kabeer Goswami who is highly known for his strategic advisory to various sectors like blockchain, education, finance, real estate, pharmaceuticals, politics, etc explains, will the youth nation ever break into the ranks of the rich nations or is it just a myth?

Mr. Kabeer Goswami agrees with Kristalina Georgieva’s statement as it is an achievable target but said that blindly believing the statement without a plan will lead to defying our expectations. Mr. Kabeer Goswami further added that to achieve the said target, our government must undertake vital steps to boost our per capita income and GDP.

Sharing his thoughts on the same, Mr. Kabeer Goswami added, “Although India is a nation of creative minds and hard-working attitude, we are still unable to use every individual to their full potential. India is blessed geographically in terms of soil and can produce anything and everything yet we are unable to do so. Despite constant labor in the agricultural segment, Indian farmers are unable to live a promising life and are in debt.”

To achieve the goal of becoming a higher middle-class income country by 2047, Mr. Kabeer Goswami insists on three major pointers to be considered for a positive outcome:

Firstly, to ensure the growth trajectory India must learn to cooperate with technological advancements and scientific innovations. Despite a great talent pool and prominent resources, India has resisted several technological advances and embraced scientific changes. Highlighting the impact and benefits of technological advances in various economies, Mr. Kabeer Goswami added, “This decade has leveled up the economic growth with the help of blockchain technology, cryptocurrencies, and decentralized finance. The total realized gains in 2021 in the USA were $46.9B, the UK $8.1B, Germany $5.5B, China $5B, and so on. Understanding the substantial growth that technology can provide, India must step up and embrace the same with open arms.”

The second piece of advice by Mr. Kabeer Goswami is that India must solidify its foundation by supporting entrepreneurship & MSMEs. In the past couple of years, entrepreneurship and skill development have become a growth catalyst for several countries. However, India has been unable to take the same into account for its fundamental growth. While most of the global technology is being outsourced to India because of India’s talent pool, internally we fail to unlock and unleash our resources’ capabilities. We must learn to appreciate and accommodate our national talent. Shedding light on the prevailing issue, Mr. Kabeer Goswami said, “If the visa policies just get liberal for a few countries, majority of Indians will move across borders leading to brain -drain. Therefore, it is time to re-define, re-engage and re-energize our national spirit.”

Lastly, Mr. Kabeer Goswami said, “Instead of just showing government sectors making a loss every financial year, the government should plan accordingly to get the profit from their very own sectors. Absolute privatization will only lead us to become controlled, occupied, and nothing else. We must empower our public sector units and make them profitable.”

Mr. Kabeer Goswami believes that to understand the fundamentals of growth, one must be aware of the historical series of growth. India boasts of a robust history that roars and throbs in the heart of every Indian. Looking back at mid 18th century, India used to contribute 25% globally in manufacturing and output. Back then we were a global leader as we were providing solutions to the world in major segments like food, lifestyle, architectural solutions, science, medicines, physics, meditation, spirituality, and a lot more. This implies that we were smart and cooperative with technological advancements & scientific Innovations.

Towards the end of the session, Mr.Kabeer Goswami adds, “The biggest lacuna in the overall approach I observe as a consultant that India is still living in the era where we are not supposed to accept advancements, were adopting new methods & policies are scary and decades-old practices are the shackles, by saying this I only say India as a youth nation, has the potential to lead the world but non-cooperation to the advancements can make the scenario even worse.”

Mr. Kabeer Goswami requests not to let the World Bank down by providing them wrong and missing out on the target and opportunities or else we might look like a sinking ship in front of the whole world and might get into a “middle-income trap”, a term used by experts which will choke us from further growth.

64 thoughts on “Will India ever break into the ranks of the rich nations or is it just a myth, explains Kabeer Goswami

  1. I’ve been surfing online greater than three hours nowadays, but I by no means found any attention-grabbing article like yours. It¦s lovely price sufficient for me. In my opinion, if all web owners and bloggers made good content material as you probably did, the internet will be a lot more useful than ever before.

  2. I all the time used to study piece of writing in news papers but now as I am a
    user of web therefore from now I am using net for content,
    thanks to web.

  3. Hello, Neat post. There’s an issue together with your site in internet explorer, could test this… IE still is the marketplace leader and a good section of other people will miss your great writing due to this problem.

  4. Thank you a bunch for sharing this with all
    people you really recognise what you are speaking about!
    Bookmarked. Kindly also seek advice from my website =). We can have a link change agreement
    among us

  5. I was recommended this blog by my cousin. I am no longer sure whether this submit is written by way of him as no
    one else understand such specific about my trouble.
    You are wonderful! Thank you!

  6. I precisely desired to say thanks once again. I do not know the things that I could possibly have used without the type of advice provided by you relating to this question. Previously it was a intimidating problem for me personally, however , witnessing this expert approach you treated the issue forced me to jump for gladness. I’m happier for this information and as well , wish you recognize what a powerful job you were doing instructing people with the aid of a site. I’m certain you’ve never met all of us.

  7. I’m really enjoying the design and layout of your blog. It’s a very easy on the eyes
    which makes it much more pleasant for me to come here and visit more often. Did
    you hire out a designer to create your theme?

    Great work!

  8. great points altogether, you just received a brand new reader.

    What might you recommend in regards to your submit
    that you just made a few days in the past? Any certain?

  9. I’m really inspired with your writing talents as neatly as with the format in your weblog.
    Is that this a paid theme or did you modify it yourself?
    Anyway keep up the nice quality writing, it is
    rare to look a great blog like this one today..

  10. After I originally left a comment I seem to have clicked the -Notify me when new comments are added- checkbox and now every time a comment is added I recieve 4 emails with the same comment.
    Perhaps there is a way you can remove me from that service?
    Many thanks!

  11. Nice post. I was checking continuously this weblog and
    I am impressed! Extremely useful info specially the closing phase 🙂 I deal
    with such info much. I used to be looking for this certain info for a
    long time. Thanks and best of luck.

  12. I want to get across my respect for your generosity supporting persons who actually need assistance with your subject. Your real commitment to passing the solution all-around ended up being exceedingly beneficial and has usually enabled professionals like me to realize their ambitions. Your informative tutorial indicates a great deal a person like me and somewhat more to my office colleagues. Regards; from everyone of us.

  13. An intriguing discussion is worth comment. I think that you ought to
    publish more on this subject, it might not be a taboo matter but generally people don’t speak about these issues.

    To the next! All the best!!

  14. My partner and I stumbled over here different page and thought I should
    check things out. I like what I see so now i’m following
    you. Look forward to looking at your web
    page again.

  15. What’s Taking place i am new to this, I stumbled upon this
    I’ve discovered It positively helpful and it has helped me out loads.
    I’m hoping to give a contribution & assist other customers
    like its aided me. Good job.

  16. Excellent blog right here! Additionally your
    web site a lot up fast! What host are you
    using? Can I get your associate link on your host? I want my site loaded up as quickly
    as yours lol

  17. That is very attention-grabbing, You’re an overly skilled
    blogger. I have joined your feed and sit up for searching for
    more of your great post. Also, I’ve shared your web site in my social networks

  18. When someone writes an paragraph he/she retains the thought of
    a user in his/her brain that how a user can know it. So that’s why this piece of writing is
    perfect. Thanks!

  19. Terrific article! This is the kind of information that are supposed to be shared around the web.
    Shame on Google for now not positioning this post higher! Come
    on over and seek advice from my web site . Thanks =)

  20. An outstanding share! I’ve just forwarded this onto a coworker who was doing a little
    research on this. And he actually ordered me dinner due to the fact that I stumbled upon it
    for him… lol. So allow me to reword this….
    Thank YOU for the meal!! But yeah, thanks for spending some
    time to discuss this topic here on your site.

  21. Hello superb website! Does running a blog such as this require a large amount of
    work? I’ve virtually no understanding of coding but I had been hoping to
    start my own blog soon. Anyway, if you have any ideas or techniques for new blog
    owners please share. I understand this is off topic but I just needed to ask.

  22. Hmm it seems like your site ate my first comment (it was extremely long) so I
    guess I’ll just sum it up what I wrote and say, I’m thoroughly enjoying your blog.

    I as well am an aspiring blog writer but I’m still new to everything.
    Do you have any recommendations for inexperienced blog writers?
    I’d definitely appreciate it.

  23. Hello my family member! I wish to say that this article
    is awesome, nice written and come with almost all
    important infos. I would like to peer more posts like
    this .

  24. I’m extremely inspired with your writing abilities and also with the format on your blog.
    Is that this a paid topic or did you modify it
    your self? Either way stay up the nice high quality writing,
    it is uncommon to peer a nice blog like this one
    these days..

  25. Undeniably believe that which you said. Your favorite justification appeared to be on the internet the
    simplest thing to be aware of. I say to you, I definitely get annoyed while people think
    about worries that they just do not know about. You managed to hit the nail upon the top as well as defined out the whole thing without having side
    effect , people could take a signal. Will likely be back to get more.

  26. Good day I am so delighted I found your site, I really found you by accident, while I was looking on Bing for something else, Anyways I
    am here now and would just like to say thank you for a fantastic post
    and a all round exciting blog (I also love the theme/design), I don’t have time to go through it all at
    the minute but I have bookmarked it and also added in your RSS feeds, so when I have time
    I will be back to read a great deal more, Please do keep up the
    superb job.

  27. bedava hesap sitesi sana bedava hesaplar
    verir, eğer sende bedava hesap istiyorsan bedava hesaplar
    sitesine girmen gerekir. ücretsiz hesap almak için ücretsiz
    hesaplar sitemizden bedava hesab araması yapman lazım.
    hesap bedava sitesi senin içindir.

    bedava hesap

  28. Your style is very unique in comparison to other people I’ve read stuff from.
    I appreciate you for posting when you’ve got the opportunity, Guess I will just
    book mark this site.
    new porn

  29. Hey There. I found your blog using msn. This is an extremely well written article.
    I will make sure to bookmark it and return to read more of your useful
    info. Thanks for the post. I will definitely return.
    new sex

  30. Nice blog here! Also your site loads up fast! What
    host are you the usage of? Can I get your affiliate hyperlink for your host?
    I want my web site loaded up as quickly as yours lol
    new porno

  31. I like the helpful info you supply in your articles.
    I’ll bookmark your weblog and test once more right here regularly.
    I’m moderately certain I’ll be informed many new stuff right right here!

    Good luck for the next!
    porn new

  32. I just could not leave your web site prior to suggesting that I really loved
    the standard information an individual supply on your visitors?
    Is going to be again steadily in order to check up on new posts
    bilgine sor

Leave a Reply

Your email address will not be published.