10th BCS - SESSION IV
Leaping to 5 Trillion Economy : Chances & Challenges
Pravin Dhanariya – The student leader was confident that India can become a USD 5 trillion economy and he has firm faith that this will be accomplished on the back of the agriculturalists of the nation. He also states that politicians should be aware of the hurdles in achieving this, but still must find a way to realise it and not castigate it.
Ankit Dokania – The student leader vociferously defended the challenge by stating that India constitutes 18% of the world by population and that most spices and indeed goods come from India. He asks the audience to remember the economic strength we possess due to our vast geography and asks us all to utilize it to its potential.
Bhavik Rameshbhai Gondiliya – The student leader took a very rational approach by analyzing this target and ensuring that the audience is aware of the rampant unemployment in India, the state of the agriculture industry and the service sector. He believes that the ground reality requires a different approach since if we are to make it to the USD 5 trillion mark we need a compounded annual growth of 18%, a target which seems unfeasible.
Muskan Katoch – The student leader seemed skeptical that India can achieve the target it has laid down for itself. She states statistics in her favor particularly the ones dealing with inflation. Nevertheless she submits that if India makes reforms the way China has, particularly in the manufacturing and services sector, then this may still be achieved.
W. Cole Durham Jr –
The learned speaker from Utah spoke not about the economy, but rather about terrorism. He is an expert on the subject matter and informed the audience that most terrorists are between the ages of 15 to 25. He states the institutionalization of religion and the utilization of religion by politicians for political gain. He spoke of the multiple ways in which fear mongering actually aids the agenda of terrorism and how it must be combated as well as of the numerous countermeasures being adopted by countries to combat terrorism.
Dr Unnat Pandit –
The learned doctor firmly believes in India’s 5 trillion dollar economy dream even if he is a little skeptical about the timelines. He explained the various ways in which the economy can be galvanized with emphasis on small manufacturing as well as an administrative infrastructure that promotes the capitalistic model of economics. He believes we can definitely achieve this economy, but only if we can work for it together, and not lose heart.
Naina Lal Kidwai –
The learned speaker firmly believes that the challenge of a 5 trillion dollar economy can be achieved. She highlighted the challenges in the way in the hopes to ensure that the challenges can be surmounted. Our GDP growth is to be at 9% if we are to achieve this aim and it is almost half of that at the moment. The math is against this dream, but the math can change if we take extra effort to create it. She urges the audience to make and build in India and not run away to a foreign nation. She stresses that infrastructure projects are essential to achieving this, but they take time to pay dividends and thus there is a short term plan that must be formulated to boost the economy along with the huger projects that will eventually propel the economy. She proposes concessions as were given during the economic crunch in the US and in Europe which helped galvanize the economy in the short term. She stresses that the government is still interferi9ng in business more than it should and despite Indian’s economic liberalization there are still a lot of industries in India in government control and that must change. Privatization being key to a healthy and large economy.
Dr Binny Sareen –
The doctor expressed hope in the 5 trillion dollar aim but stated that the way to achieve it is by first creating contentment and fulfillment in oneself and then only concentrating on the outside world. Basically, first we must improve the economy within ourselves to be able to affect the economy outside ourselves. This she believes occurs only since where science fails spirituality doesn’t. To prove this point she invited the audience to partake in a two minute meditation session with her so as to feel refreshed and recharged, something that everyone was gifted by the end of the meditation session.
Prof Dr Nageshwar Rao –
The learned speaker began by thanking the dignitaries present and the Karad family for the BCS platform that they are providing the youth. He then goes on to state that this aim of a 5 trillion dollar economy is achievable, as long as we all believe in it and act upon it. He explained the difference in the right and left hemisphere of the brain so as to educate the audience about the power of imagination. As long as one can imagine, one can insure that even the severest of problems can have a solution which can be imagined and then implemented.