Well....as we are done with apologising and cajolings....i'd move on to tell you what my next post is going to be...
The first time when i entered into MANIT, one of the best institute in the country for engineering or atleast what one expects it to be , i was sure of one thing at least. I certainly did not want to get an engineering job. But then, i saw there were hundereds of them thinking just as i was. I was not alone. And almost each one of them wanted to pursue it for they wish to have their own business. But are they going to get those?? Can so many businesses co-exist?? Does india has the capacity to accomadate that number of businesses??
Well this is just what India desperately needs. A huge force of audacious entrepreneurs working for the mutual benifits of themselves and the country as a whole. Our country had been a victim of the so called "socialist" mindset. Developing businesses in India did not happen to be so easy as it used to be in U.S.A. Well, am not an out and out supporter of capitalism for that matter. The greed which capitalism engenders inside corporates can be regretful, as it happened to be in the sub-prime loan crisis which engulfed the world economy and tried to eat it away. But then, nor pure socialism can generate enough jobs to provide employment to the whole population. Budding entrepreneurs are the need of any country if its population has to come out of poverty.
So, the question now is, how can businesses be encouraged to develop?? First of all there is a need for changing the whole bureaucratic set-up which disincentivises our businesses to open and close. In India opening and closing businesses is not so easy. One has to bribe officials for acquiring permits and for getting all paper work done for that matter. Then when a businees go bankrupt it has to go through taxing lawsuits which are expected to last for almost an eternity.
That is not the only problem in India. EDUCATION. A population which is hugely illiterate can easily be digressed by political elements in a hugely corrupt democracy. For that the govt. has to take decent steps towards educating our population. Policies like "education guarantee act" are always welcome in a country with such illiteracy. But they have to be applied properly and with a determination to get over with the irrefutable bureaucratic corruption in our country. And our businesses have to create some sort of interaction with the people to make them aware of the mutual benefits. Businesses have to inculcate CSR activities in their core policymaking. This way they can work for the betterment of the whole society without compromising their own profits.
That's it for now....i may have bored you.....but still....budding entrepreneurs are the need of our country..and we have them....now it is on our leaders to provide them the required environment...
