India’s growing economy and interest created across the global business world in India as a market is reflected in the India Inc page in Fortune. Key for progress will be improvements needed in infrastructure.
The Round Table on India’s infrastructure issues features Nandan Nilekani, Co-Chairman, Infosys; Carol Bartz, Executive Chairman, Autodesk; Dominic Barton, Chairman for Asia for McKinsey and Manvinder Banga, President of Unilevers Foods Division.
A 2005 study by Morgan Stanley concluded that, “the single most important macro constraint on the Indian economy, holding back its average growth, is the low spending on infrastructure.”
The panelists have given their views on the issues facing India. Highly recommended reading for anyone interested in India and business in India.
Infrastructure! That is nearly always the answer. And I am sure that further investment in infrastructure will be needed to help India move forward. However infrastructure is the product of a vibrant economy – not a creator of one. (The Pilgrim Fathers did not head of from the UK because of the great North American infrastructure!)
National, regional (and organisational) economies thrive when they provide opportunities for peoples’ aspirations, passions and skills to contribute effectively. I believe it is at least as much about people, passion and skill as it is about infrastructure.
Thanks, Mike. Good one about the Pilgrim Fathers…but they did have the infrastructure to reach North America!