KUWAIT India New Opportunities

8/3/2019 KUWAIT India New Opportunities

http://slidepdf.com/reader/full/kuwait-india-new-opportunities 1/21

© Confederation of Indian Industry

Confederation of Indian Industry

INDIA : THE NEWOPPORTUNITIES

Y S RAJAN Principal Adviser, CII

[[email protected]]

(views personal )

Presented at India-Kuwait Round Table

15-16 January 2007, Manipal




Key Features of the Indian Economy

1. Robust GDP growth2. Manufacturing & Services are leading the way

3. Growth is Sustainable

4. Growing Externalisation of the Economy

5. India is emerging as a global manufacturing hub

6. Large Population and favorable demographics

7. High Skill-level in Labour force

8. Continuing Economic Reforms




GDP & InflationGDP grew by 8.4% to US$ 691 bn

Average Inflation 4.5%.

Foreign Trade & ReservesExports grew by 25% to US$100.7 billion

Imports grew by 36% to US$140.2 billion

Forex reserves (Aug 06) US$ 166.5 bn

Investment

The FDI inflows grew by 37% to US $ 7.7 billion

Large and Growing Economy

(2005-06)




High Growth is Sustainable

% Growth 2005-06 Q1 2006-07 2006-07 (CII Forecast)

Agriculture 3.9 3.4 3Industry 8.7 10.1 8.5

Services 10 10.6 9.6

GDP 8.4 8.9 8




Composition of GDP

GDP Composition undergoing a change


http://slidepdf.com/reader/full/kuwait-india-new-opportunities 7/21© Confederation of Indian Industry

India’s FDI Abroad: Rapid Increase

1.41.1 0.9

2.2

3.1

7.2

0

1

2

3

4

5

6

7

8

2001 2002 2003 2004 2005 Jan-Sep 2006

US $ Billion



NOT ENOUGH

• STILL ECONOMIC GROWTH ANDSOCIAL BENEFITS ARE NOT

AUTOMATIC EXTRAPOLATIONS

•

THERE ARE MANY MICRO-STRUCTURAL FACTORS NEEDTO BE UNDERSTOOD



Some Macro Statistics

PERCENTAGE SHARE OF NATIONAL

S&T EXPENDITURE 2002-2003

Applied Research 41.7%

Experimental Dev. 34.0%

Basic Research 17.8%

Other Activities 6.5%

Courtesy : R&D Statistics, DST, September 2006



Some Macro Statistics (contd..)

National R&D Expenditure

1998 - 99 Rs.12473.17 Crores

2002 - 03 Rs.18000.16 Crores

2004 - 05 Rs.21639.58 Crores (estimate)(DST : Sept.2006)

2006 - 07 Budget estimates for major

Central Govt. agencies DRDORs 29,600 crores( derived by Y S Rajan)




Some Macro Statistics (contd)

ESTIMATED STOCK OF S&T PERSONNEL

(thousands)

(DST SEPTEMBER 2006)

Stock of S&T personnel at the beginning of year

Category 1991 2001 2006

Engg. Degree Holders 519.6 1024.4

Engg. Diploma Holders 859.3 1531.7

Medical Graduates 310.3 415.9

Agri. Graduates 168.4 238.6




Some Macro Statistics (contd..)

ESTIMATED STOCK OF S&T PERSONNEL

(thousands)(DST SEPTEMBER 2006)

Stock of S&T personnel at the beginning of year

Category 1991 2001 2006Veterinary Graduates 34.4 46.7

Science Graduates 2430.3 4024.9

Science Post Graduates 482.0 805.0

TOTAL 4804.3 9785 (projected by Y S Rajan)

Average Rate of Growth about 4%




For India 2015 & Beyond • 40% OF 20 MILLION VERTICAL

BAR TO BE HAVING GOOD

HIGHER EDUCATION BEYOND

10 + 2

• REST HAVE 100% LITERACY AND

MOST IMPORTANTLY

CONTEMPORARY SKILLS –

CERTIFIED AND RESPECTED




Higher Education Sector

> 300 Universities17,000 Colleges> 1500 Engineering Colleges> … Medical Colleges > 800 MBA Colleges

- Use smaller colleges

TIFAC - REACH ExperienceSmall investment - Great amplification




NEW OPPORTUNITIES

NEW OPPORTUNITIES

OPENMANY NEW AVENUES FORCOOPERATION BETWEENINDIA AND KUWAIT - AND

MANY OTHER COUNTRIES




• TECHNOLOGY AS BINDING FORCE IN ANINTERDEPENDANT WORLD

(see “Empowering Indians” by Y S Rajan

Rev. 2002 Har Anand. Chapter 12 ….)

• KNOWLEDGE INTERMEDIATION

- KEY TO ACCELERATION DEVELOPMENT- NEEDS INTELLIGENT NETWORKING BY

PEOPLE




ISSUES (contd…)

• DIVERSITY IS A REALITY TO BE CHERISHED -

NOT TO MAKE IT A DIVISIVE ISSUE

• IN DEALING WITH VARIOUS FORMS OFEXTREMISM

• ALERT ALWAYS

• RUTHLESS AS NECESSARY

•

BUT IN THE LONG TERM, INCLUSIVE ATTITUDE -SYNCRETIC & SYMBIOTIC, WILL WIN MINDS OFPEOPLE OF THE WORLD.




Thank You

KUWAIT India New Opportunities

Documents

Transcript of KUWAIT India New Opportunities