Reforms in India and reshaping it's relations with the world post Covid

India Inc. UK had organised a 3 day international seminar #BeTheRevival in which more than 30k people from more than 70 countries participated online. The speeches and interviews of prominent leaders like PM Modi, S. Jaishankar, Piyush Goyal, Ravishankar Prasad, Yogi Adityanath, JnK Governor Mr. Murmu were the highlights of the summit. Shri shri Ravishankar and Sadguru were also interviewed.

 

Indian Prime Minister Modi, in his inaugural speech stated that after moulting its old image, the new reformed India is gearing up to take every challenge which will make it more competent, vibrant, resilient and matured. Supported with cutting edge technology, Indian businesses are setting new modules which are eco friendly yet sustainable, price-effective and consumer oriented. This new dimension is a must for the survival of mankind on the surface of Mother earth. International business world is gradually acknowledging it.

 

The world is now entering the phase of revival, post Covid. Indian talent is helping not only India but the world to get over this never seen before situation of pandemic, not only in the sector of health care but also economics. The world is recognising the persistent efforts of Indian professionals like doctors, nurses, bankers, lawyers, scientists, teachers, laborers, technological professionals, etc. who are working tirelessly to help and save the people within and outside the country. India is already supplying Covid drugs and other essentials to 120 countries. The way India is fighting with Corona, bringing in new reforms, setting new targets, using this time to introspect and transform itself for the new future is commendable. India, being one of the youngest countries, is full of enthusiasm, leading-edge technological innovations and professionalism.

 

India’s ability to reform and rejuvenate is unquestionable. In spite of so many attacks on it’s people, civilisations and philosophy it has always bounced back with much more vigour and vitality.This pandemic is no different. These Soft powers of ancient Indian knowledge of Yog, Ayurved, meditation etc. have helped billions of people worldwide.

 

In these testing times of scarcity, uncertainty and non-cooperation within countries, India provided medical aids to many developing countries as a grant. Even the periodical bans on exports of medicines, PPE kits etc. were to ensure steady flow of these materials to all the countries no matter how small or poor the country is. This well-thought and well-planned export policy is much appreciated all over the world and obviously increasing the goodwill and the trust in Indian business ethos. Indian government is making Indian economy more productive, investment friendly and competitive. Corruption free working modules are adopted scraping old, lengthy corruption oriented systems. Even the last man in the economic hierarchy can now contribute to the 'making of India'. Indian government is making arrangements to launch one of the world's largest work programs to provide employment to millions of workers once the economy unlocks. This will give a booster to the rural economy providing durable infrastructure to rural India. India is welcoming all the multinational foreign companies to invest and establish their realms in different sectors of the economy.

 

There are great opportunities in the agricultural sector that can ensure win-win offers to both the company and the farmers. Indian farm produce has been waiting for facilities like logistics and storage for a long time now. There is immense opportunity in the food-processing industry. MSME is also one of the most lucrative areas for the foreign investors. One of the biggest armies in the world is inviting foreign businesses to produce for them. Digital business has opened up an entirely new world of possibilities to dive into. Very recently Google has announced US$ 10 Bn investments in India. Just imagine how much employment this one deal will generate. During this pandemic, Indian pharma sector has proved itself an asset to the world. This sector is also quite unexplored as yet. Vaccines produced in India, support 2 out of 3 children’s health care needs worldwide. We are working with internationally recognised labs to find the vaccine for Covid-19. Once found, we will play a leading role in production and distribution of this vaccine in minimum costs especially for developing countries. As we are already the world’s largest producer of vaccines, in terms of accessibility, affordability and availability we will be proved equally competent to the challenge.

 

Many deals are underway with the United Nations. India already partners with the US, France, Israel, UK, Australia, Singapore, Taiwan, China, Japan and many other countries in defence, trade, food supply, service sector, science, technology, space, telecommunications, AI and other important sectors.

 

‘Atma Nirbhar Bharat’ does not mean, we are closing ourselves from the world, but in fact, it's just the opposite of that. We want to get acquainted with the world on our terms. We want to be self reliant and self-sufficient. Let’s take an example. Indian tech businesses want to innovate new technologically advanced products. They want to own IPs.They are not satisfied with getting the contract only to produce or assemble any more. Indian Pharma sector wants to own and produce APIs. They are not satisfied with producing drugs using imported APIs. Many players in space technology want to try new things using indigenous hi-tech innovations. India has already proved its mettle in this field. Now the government is opening the space sector to private players also. Power sector is changing gears and many private players are kicking off to produce clean, green and renewable energy like solar power plants. Now is the time for India to define and dictate the terms. We can quote many such examples from almost every sector of the economy. Indian Government is equally enthusiastic and ready to extend support to Indian business world to achieve these targets. New reforms in labour laws, changed policies regarding FDIs are some of the latest developments in this direction.

 

In all, India is breaking the boundaries of it’s past image making ‘reform, perform and transform’ it’s new Mantra. And above all, the young age of India, Indian talent and vast Indian markets are some of the most important key factors in attracting foreign businesses and investments in Indian lands. These times are known to be the best times to invest in India. When many countries are minimising their stakes in Chinese lands and trying to sow their money in different portfolios in more countries than one India seems to be the best option. But some people seem to love staying in denial. Well! They have every right to be so, in democracy.! They were in the same mode when the historic decision on Ram Janmabhoomi temple was made; when triple Talak was banned, when Articles 370 and 35A were scrapped, when JnK and Ladakh were made 2 separate UTs, Reservations to poor open category were provided. They only keep cribbing while millions of families are taking advantage of the decisions like GST, Ujwala gas Yojana, Ayushman bharat, Clean India, green India, Make in India, clean energy, Jandhan Yojana, etc. Fundamental shifts and reforms in India in last six years have helped Indian society to fight such inconceivably disastrous times.

 

Around 80 crore people are getting the benefits of free ration for 6 months during the period of lockdown. Crores of Indians are receiving cash in their Jan Dhan Accounts from the government. Lakhs of migrant workers have been transported to their homes safely till today. Hence, when India is emerging as a new super power and taking the leadership in Asian region, 130 crore Indian citizens are taken into consideration and this democratically chosen people’s government is relentlessly working to make the crisis, India’s turn to rise and shine.