Critics Corner, through Facebook blog, indirectly indicated BJP tried to stop Proliferation of IT in India
Critic Corner through its Facebook blog has praised former
Prime Minister of India Hon'ble Rajiv Gandhi for his initiative to spread IT
business in India and stated that BJP violently protested for the proliferation
of IT sector in India. But one has to consider the situation at which IT sector
was brought into India. Even the then Prime Minister Rajiv Gandhi himself has
said it missed the important phase in its economic development. It is true that
India missed the manufacturing and industrialization phase which has cost India
dearly at 2008 economic slowdown. Though IT sector may fetch $200 billion
exports, but it stands on wooden scaffolding which may collapse any moment.
Growth of Indian IT sector:
Without strong manufacturing base in India, majority of these
IT businesses were forced to fish international markets for opportunity. With
abundant contracts from International businesses, IT sector flourished in
India. None can deny the fact that it brought huge Forex exchange into RBI
coffers. But such growth was sustainable? Not! The situation from 2008 global slowdown
is a good example of what vision of Rajiv Gandhi would lead into in future
years.
The reason for the slowdown was not within India but triggered
by the world economy. Too much dependence on international market which drove the
IT sector created insecurity among the Indian youth as slowdown triggered mass
unemployment and austerity drive of companies. One prominent issue which was
neglected in Indian economy was Industrialization phase. Without industrialization,
Indian economy was made to depend on International market to drive IT sector.
The only source of fuel to the Indian IT business was imported
by the way of contracts from USA and Europe. These nations are highly industrialized
starting from the end of World War II. But Indian economy which was led by
Nehru family to failed to catch up with the world. Wrong strategies led to
global isolation of Indian economy. Rather than increasing the presence of
Indian goods worldwide, India closed its doors for International market. With huge
population growth, Indian economy started to stumble upon its own weight. Though
IT sector added impetus to the Indian growth in the late 1990s, the inadequate
industrialization didn’t make into the equation of Indian IT sector.
Economic Slowdown:
Had it there been an impetus from domestic market during the slowdown,
IT sector wouldn’t have seen such slump as it did in the following years of
2008. The degradation of Indian business not only stopped with IT companies but
mostly it affected Indian Society. Indian IT employees felt unsecured as they realized
that any moment they could be sent out of job. The pomp with which they enjoyed
prior to slowdown was no more the norm of the society. The crisis not only hit
the business but also the personal life of many thousands professionals who
were employed by the IT companies. The hire and fire policy was used like a
whip to make employees work like bulls moving the cart.
The politicians who sit on the top of social hierarchy failed
to tap the real potential of Indian market. Had they created a conductive business
atmosphere for Indian diaspora, many individuals would have taken entrepreneurship
which is lacking at the moment.
Make in India:
To remedy the mistake, the BJP government which took charge of
governance has initiated “Make in India” campaign to promote industrialization.
The wrong which was done by predecessors is being remedied various government
schemes. Not only create industrialization of the nation but also provide opportunity
to its own IT sector to tap the Indian market. Without products and goods,
there can be no service. The goods and service coexist. Too much dependence on
either one of them will be detrimental to the economy.
Present Challenges:
But still few politicians who predeceased the present
government fail to act responsibly. When it comes to Indian economy, blame game
is not good. Pointing finger for other mistake than to remedy the mistake will
waste our precious time on useless debates. For a government which don’t blame others,
get vast criticism from others. It is wise not to test the silence of the
government as the present government is not talking about any mistakes
committed in India since independence. They
all want to make good use of time and resource at their disposal unlike other
people who rolled over money and only thought about family wealth than the
national wealth.
