India: Role of Technology ( Lec by Jhun)

• Shortage is the root cause of corruption.

• Civil Disobedience - Make govt small

• India gives opportunities to optimize tech

• Airline Industry booming in India tripled its passenger carrying capacity in 2 yrs, avg tariff fell by 3-times despite the rising petrol prices

• Scorpio and Indica are comparable to the best cars in the world in their price range

• With R & D driven initiatives, India is set to become leader in auto-components sector

• Growh in auto-component sector crossed 28 billion dollars last year, dreams to reach 1 trillion dollars revenue by 2020

• The world is flat but you ain't seen anything yet for the changes have not yet touched rural India Indian self-confidence is inferior to nobody else

• 300m urban India threatens the world...wait for the 700m rural India to catch-up

• 500k engineers graduate every yr from 1600 colleges - up from 25000 from 100 schools in 80s

• Major problem was fore-seen as uneven quality and resulted in reluctance to expand but it provided the human resource

• Politics is obstacle to growth

• 135m rural households 65m urban households - large market but only at the right price

• Urban avg Rs10,000pm and rural avg Rs3,000pm