India is projected to have strong GDP growth of 7.8% in 2016, however poverty and inequality remain barriers to achieving its full potential. The document outlines four areas that could help India reach the next phase of economic maturity and social equality: harnessing disruptive digital technologies to deliver low-cost services, unlocking women's potential to contribute more to the economy, achieving energy independence through renewable resources, and accelerating reforms to improve the business environment and attract more investment. Collaborating across sectors on these four dimensions could help India become a global economic leader.

1. Fixing Basics will Put India on
Road to Rapid Growth
Harnessing disruptive digital tech, unlocking women's
potential, energy independence nd faster reforms could be
game-changers

2. Contd…
India is on the move. In the midst of considerable turmoil in many emerging
markets, Indian growth in 2016 is projected to remain strong -the World
Bank forecasts 7.8% GDP growth in 2016, compared to 4.8% for developing
countries overall.
India's long-term prospects are equally bright -the Indian consuming class is
expected to more than triple to 89 million households by 2025.By 2030, India
will have 75 cities with a population of over 1 million people.
Poverty and inequality remain barriers to achieving India's full potential.
The McKinsey Global Institute estimates that the level of consumption
needed to meet basic human development needs (such as water and
sanitation) is 1.6 times higher than India's official poverty line -and that 56%
of Indians, or over 700 million people, live below this “empowerment line“.

3. Contd…
Many women still lack access to education, health services, and economic
opportunity , inhibiting India's potential growth.
The new government has made bold plans to transform the nation in the next
decade.
Many programmes are still in their initial phases, but action so far has included
higher bank account penetration, a strong push on jobs and growth through Skill
India and Make in India initiatives, and reduced “leakage“ of social assistance by
transferring funds directly to beneficiaries.
There is still work to be done, but the public sector has generated strong
momentum.
We see four additional “gamechangers“ for India, to help the nation reach the next
phase in economic maturity and social equality: harnessing the pow er of disruptive
digital technologies, unlocking the potential of women, achieving energy
independence, and accelerating reforms.

4. Contd…
Harnessing the power of disruptive digital technologies
We estimate that the 12 most disruptive technologies could have $16.6 trillion-
$23.7 trillion in economic impact by 2025.Chief among this “disruptive dozen“ are
new digital technologies -e.g., mobile Internet, the automation of knowledge work,
and the Internet of Things. These technologies have the power to transform the
lives of millions of Indians, delivering services from education to healthcare to
banking at extremely low cost.Indian tech entrepreneurs are also using new digital
technologies to create jobs and economic value, founding innovative companies
known worldwide -e.g., Flipkart, Snapdeal, and Ola.
The government's planned Digital India effort is an important step toward bringing
the benefits of technology to all Indians. The social and private sectors should also
engage, expanding delivery of social services through mobile technologies and
driving private innovation across the Indian economy.

5. Contd…
Unlocking the potential of women
Women contribute only 17% of India's GDP today, and comprise only 24% of
the workforce -compared with 40% globally . Raising female economic
participation as part of a broad drive toward advancing women's equality
would have huge economic benefits. If India were to match the progress
towards gender parity of the fastest improving country in its region, for
example, it could add $700 billion to its GDP in 2025. Opening doors to
economic opportunity for women is vital. But for women to be equal
participants in work, they need to be equal partners in society. Concerted
action can make this happen, including closing gender gaps in education;
lowering barriers to job creation in tourism, healthcare, and manufacturing;
further strengthening legal protections for women; and improving
infrastructure to address the high burden of routine domestic work,
childcare, and elder care on women.

6. Contd…
Achieving energy independence
Historically, India has been a massive energy importer.Though India's per
capita energy consumption is still low compared to many Western countries,
India will need more and more power as a large portion of the population
enters the consuming class. The cost of importing fossil fuels could be a
considerable drain on public and private funds.
Achieving energy independence will require a multipronged approach,
including investments in conventional and renewable energy sources,
adoption of new energy storage technologies, and improved energy
efficiency norms. Leaders from across the public, private, and social sectors
must collaborate, setting ambitious targets for renewable energy adoption
(such as those being set by the government for solar power production) and
investing in domestic innovation in advanced conventional and renewable
technologies.

7. Contd…
Accelerating reforms
Recent public sector reforms in India are bearing fruit. The World Bank ranks India as 130th globally
in terms of ease of doing business, up from 142nd last year. India's ranking on the World Economic
Forum's Global Competitiveness report is now 55, from 71.
As these rankings suggest, India has made meaningful headway in regulatory reform, though there
is still substantial work to be done. The country still is in the bottom half of most ease of doing
business rankings, and a sharper focus on reforms could help boost investment and productivity.
India should consider setting targets for measuring success (such as investment targets) and
streamlining government processes with the help of empowered agencies to coordinate central,
state, and local government bodies. Improved urban governance could also help spur growth in
mid-sized cities, which are the economic engines of the future. The McKinsey Global Institute
estimates that only 27% of India's urban population lives in mid-sized cities (i.e., those with
populations between 0.5 million and 4 million) -if India follows China's urbanisation trajectory, this
figure could rise to nearly 50% over the next few years.
India has enormous potential. Tri-sector collaboration on four key dimensions -harnessing the
power of disruptive digital technologies, unlocking the potential of women, achieving energy
independence, and accelerating reforms -could help the country reach the next “Scurve“ of its
development and fully take its place as a global economic leader.

8. For details and bookings contact:-
Parveen Kumar Chadha… THINK TANK
(Founder and C.E.O of Saxbee Consultants & Other-Mother
marketingandcommunicationconsultants.com)
Email :-saxbeeconsultants@gmail.com
Mobile No. +91-9818308353
Address:-First Floor G-20(A), Kirti Nagar, New Delhi India Postal Code-110015