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Bangalore
‘India can account for 10 p.c. of world trade’
Special Correspondent
Bangalore: Economist C.K. Prahlad said here on Wednesday that India has the potential to generate over 10 per cent of world trade 15 years from now if it overcame certain weaknesses.
Elaborating his India@75 agenda, adopted by the Young Indians Forum of Confederation of Indian Industry, he said: “The large young and well-educated workforce is our major asset and they can make India a source for global innovations, ranging from new businesses to new technologies.”
Indians should start from the “bottom of the pyramid” and create leaders in health, education, energy, transportation and sustainable development, and attempt to reduce income inequality and not just poverty, he said.
“The Human Development Index and Corruption Perception Index clearly show more corrupt countries have a lower level of human development. These studies show, the more you invest in human resources, the richer the country becomes. A nation gets less corrupt before it gets rich,” Prof. Prahlad said.
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