BT Mindrush: “India must define the priorities of good education, health care …”.

In Business Today Mindrush, Sanjeev Krishan, President of PWC in India, said that India must define the priorities of good education and health care to convert its demographic profits into productivity – and embrace “large” institutions on a large scale, while building long -term capabilities instead of short -term subsidies.

In the session, deciphering the Indian road to prosperity, Krishan said: “We celebrate the development of our population. But good education and health care are two areas that can raise the demographic file and make them more productive.”

The session was opened through the variation of two staggering facts: India has created a new billionaire every month over the past four years, yet more than 800 million people are still struggling to provide two cakes daily. This contrast developed the debate about the meaning of prosperity for a country of 1.5 billion people.

Namita Thabar, Executive Director of Emcure Pharmaceuticals, is divided into three lenses – personality, companies and patriotism. She said that personal prosperity means peace of mind, integrity and simplicity. Thapar added that the prosperity of companies is measured by the value of shareholders and the investor satisfaction.

Thabar said: “The national prosperity is still far away due to the expansion of inequality in wealth, gaps in education, and a failed health care system, especially in treating non -infectious diseases.”

Matthew Syriac, CEO of Florintree Advisors, shared his personal story of obtaining a semi-advanced company of 30,000-85 % of them women. Under a new leadership, the company doubled its working power and became profitable.

Recruitment was determined as creating comprehensive and long -term functions, especially at the bottom of the pyramid, highlighting the effect of the social ripples of such empowerment.

“Creating functions is the best scale for prosperity,” said Thabar. The best example is startups. The ecosystem for the start of operation in India contains more than 120 units, and the joint evaluation is 350 billion USD. More than $ 100 billion from VC financing flowed to the ecosystem within five years. All this is Rick Capital, which takes an example of Shark Tank, and most companies in the program are before betting and we see them on these companies, sector and founders. If more and more people are ready, be sure to have educated and enlightened bets, this is a clear way to create job opportunities. “

The committee emphasized compensation in the face of automation/AI – India has the second largest group of talents in the world in the world, but it must be deeper in research, development and technical education to maintain a competitive advantage.

The committee noted that 50 % of the workforce in India is not polite in its current jobs. With artificial intelligence and automation, priority should be given to high automation.

They said that India’s long -term value lies in sectors such as semiconductors, deep technology, research and development, especially given the group of strong talents in the design of chips.

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