'Indians see the glass as half-empty'
“China and India” and not “China or India” will be the future powerhouses of the world.
By TNN |
AHMEDABAD: “China and India” and not “China or India” will be the future powerhouses of the world.
“To become an economic superpower, India will have to develop its agriculture sector, accelerate infrastructure investments, increase its lead in the service sectors and privatise companies where government has no role to play,” said Scott Bayman, president & CEO, GE India.
After having spent 14 years in India, Mr Bayman is optimistic about India emerging as a global economic power. “But many Indians are still not convinced about their country’s own growth story. They need to see the glass as half full rather than half empty,” he said.
While China has got the macro right and is working on the micro factors, India needs to work on the macro factors as on the micro front it is much better placed. Indian companies have generally used their capital much better than their Chinese counterparts and that’s why they are financially better off.
However, the two major areas of concern are education and power. India has witnessed a major revolution in four areas and these need to be replicated elsewhere too, he added.
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