All developmental activities for the common man such as education, healthcare, shelter and food distribution should be handled by reputed private sector institutions. It should be a competitive market in order to prevent the formation of monopolies.
Although we have enough healthcare support, often it doesn't reach the poor and needy. In this scenario, technology is the best solution.
Effective use of technology is important to deliver healthcare. By leveraging technology, you can bring down lack of access and cost of healthcare.
Growth is painful. Change is painful. But, nothing is as painful as staying stuck where you do not belong.
I think, at the end of the day, you have to reduce friction to businesses, ideally to zero, so that more and more entrepreneurs can create more and more jobs with higher and higher disposable income.
I think, my own personal view is there should be higher and higher levels of autonomy; government should not interfere in setting up colleges, in running colleges. The market, the society will decide which is a good university, which is not a good university, rather than government mandating.
If my company spends money, it should be disclosed to the shareholders and how it was spent. With my personal money, I can do anything I want. But company money should be disclosed.
In order to improve healthcare, we'll have to spend more on it, increase accountability and decentralize services, enforce standards and reinstate people's faith in it.
India is known for much development that has happened since our independence, but at the same time, we have also failed on many levels. It is the responsibility of the future generation to ensure that all these failures are corrected and help create a civilized society with equal opportunities for one and all.
It's well proved economics that if a country which is rich and a country that is poor come together in global trade, sooner or later the standard of living of the poor country will go up towards that of the rich country.
My personal view is that organizations have a capacity to throw up extraordinary leaders to suit the occasion.
The primary difference that I have found between the system of education in India and other countries, particularly the U.S., is that they focus on problem solving and relating theories to reality around them. These two things are lacking in the education system in India.
The principle of democracy is all about delegation of power by the vast majority of citizens through a few chosen representatives chosen on merit and competence.
The world expects India to be one of the leaders in solving the problems of politics and economics. India sits at the high table in most major multilateral deliberations. What India says is heard with attention and seriousness.
When people get rich, they cut themselves off from the context that has earned them these riches - the context of the common men. They forget they are part of society.
When you are in business for a long time, you go through good times and bad times. When you go through bad times, you learn to control costs, satisfy customers better, satisfy employees better and become more transparent. Therefore, you build character in the company.
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