Monday, March 23, 2009

Will globalization benefit India?

In some sense, everyone benefits out of globalization, as it lifts the level of competition forcing everyone to deliver at a certain minimum level, below which the service or product will not survive. When this happens there is an automatic course correction and improved quality of the services and products.
For India to derive maximum out of the globalization, the Government needs to start promoting their work horses (90% of the population) and thinkers (10% of the population). Provide more opportunities for entrepreneurship by coming up with friendly policies and anti-corruption.