Dr CK Prahalad on ‘Future India’

Just happened to speak to my friend Manish and guess what “He happened to meet Dr C K Prahalad, the author of the book “Fortune at the bottom of the Pyramid” and was he was lucky enough to ask him few questions”.But the points that Dr Prahalad has stressed upon in this short conversation is excellent and definitely according India has a very bright future

The most interesting and motivating parts of the conversation are given below:

Availability of resources in India:
As per Dr Prahalad, these are types of resources in India
1. Misallocated resources
2. Trapped resources
3. Wasted resources

For effective utilization of resources , “we have to convert our asset to capital“

Strengths of India:
a. Remote Delivery:
The actual progress in India is not only IT but also Medical Transcription,Call Center.An excellent example : “Now it is very simple to make a Jyoti to speak English in an American Accent , all due to call centers in India

b. Global scale:
There are no of problems like water,power but we need to export it.There is excellent infrastructure to combat these problems and we need more companies like Reliance.

c. Emerging Competence Base:
Post-liberalization era has opened up the door for competition in the global market. We have opportunities in India also to utilize that same developed competency.

Manish’s Q&A session with Dr. Prahlad:

Q. Your views about brain drain?
A. First of all, I do not like this word, brain drain. Let me remind you that Mahatma Gandhi was also NRI. When you are abroad, you can see the India form outside. You do not have to face day to day problem that you are facing here. You can see the phenomenal great strength of India.

Thanks Manish for sharing this wonderful piece of information with us.You can find the entire coverage of this interesting talk here