Can India touch 15 trillion economies in the 21st century itself?

The economic surge and the flourish growth of any country is distinctly evident when this phenomenon is entwined with the assertiveness and snarl feelings of their corporate houses and they are deeply involved in this sequence. The government alone cannot be responsible to augment any nations' developmental programs unless the corporate sectors lead from the front. If India wants to be a trillion economies in this century, its corporate houses need to be weaved closely with its government and its policies. The economic upheaval of any developed country say the USA and Germany are the glaring examples of this hypothesis. The prosperity of these countries are mainly became of various courageous decisions related to economic policies, in line with overall governmental policies, are taken by them. Take the examples of Ford, General Electric, Samsung, Hyundai, Haier and SAP who are all, steered path the growth curve of their economics decades after decades and will continue to do so in the future also. These companies have shown their tenacity & proven their mettle to create enormous wealth for their countries and at the same time always ensure to meet the global needs.

 

Now, If India wants to bracket themselves and become a super economic power of  trillion dollar along with the countries say USA and China within the 21st century, then the government has to integrate its policies more business friendly, encouraging entrepreneurship and involving the prominent corporate sectors in decision making bodies. For this, three important strategic factors are needed to be implemented by the corporate sectors.

 

Leadership qualities: To get rid of the prejudices that people in middle or operating level cannot be given entire responsibilities to run any function. In other words, the leaders must delegate more responsibilities down the line to induce the culture of developing more and more future leaders. Today there are not many corporate leaders  to nourish the growth of the country.

 

 Strategically dynamics: The conceptual pattern of thinking about a stereotype solution to a   problem needs to be brushed up and the same is to be converted to a lateral thinking to invent technology oriented products, cost effective output and aesthetically support finished goods.

Incubation training: This type of training is very important to increase the growth of employees mind and power to take a decision to project their organizations as a world class manufacturing  and quality organization.

 

 

 

To achieve this feat of trillion economies, the corporations must throw the top down approach, but consider bottom up approach concept in their leadership and management style. In this approach, risk taking propensity of the employees will increase and they will innovate more for the growth of their organizations and so, the country will grow when  the numbers of these types of companies will also grow, which will lead India to a trillion economies.