While all speakers spoke very eloquently and in general very positively about India's prospects in the years to come, it was OP Bhatt who was most objective. He warned about several factors which would hold India back if not addressed, including:
- the lack of necessary infrastructural development, which will eventually choke/restrain growth - though money is being invested in this slowly, it is not enough
- India's current demographic advantage (a high proportion of youth compared to the elderly) could turn into a "demographic disaster" if there is enough targeted investment in education, something which is vital in the current knowledge-based economy
- public health, particularly with regards to things like sanitation, clean drinking water etc. needs development
- India's banking system lacking in scale and size
- financial disparity growing between the rich and the poor
He closed on two, almost profound, points which struck me for their outward outlook. Firstly, he said that for India to be truly considered a global power it should be tackling global, macro issues such as alleviating poverty, tackling climate change, fighting terrorism etc. and ended by saying: "India should breathe the concept that the world world is one family - Vasudhaiva Kutumbakam"
I'd love to hear what you all think so feel free to add your comments!