I’ve just returned from India – one of the world’s economic success stories over the last decade. Yet it doesn’t feel like that.
Partly because the rupee is in free fall.
Partly because the government is focusing only on the next (forthcoming) election.
Partly because though wealth is being created, much of it remains in the hands of a small number of people. There is still a vast underclass who has yet to se the fruits of economic success.
The WCPS espouses SEE (social, environmental and economic) productivity. If India wishes to see long-term, sustainable success it needs to start including all stakeholders in its wealth distribution.
The best way it can do this is to invest heavily in skills development and to use those skills to drive further economic success and as a way of ensuring more of the (vast) population can participate in, and benefit from, success.