Information Technology & Software: Policies, Progress, HR Supply & Quality and Economic & Social Impact By Dr T.H. CHOWDARY Director: Center for Telecom Management and Studies Chairman: Pragna Bharati (intellect India ) Former: Chairman & Managing Director Videsh Sanchar Nigam Limited & Information Technology Advisor, Government of Andhra Pradesh T: +91(40) 6667-1191/ 2784-6137(O) 2784-3121® F: +91 (40) 6667-1111, 2789-6103 hanuman.chowdary@tcs.com thc@satyam.com Key-note address @ Montessori Mahila Kalasala, Vijayawada: 16 Feb 2008 ICTs as Engines of a New Society • ICTs facilitate the emergence and sustenance of a information/knowledge society where Men think and machines work. • Like Electricity, Highways and Rail Roads and automobiles facilitated the birth & growth of industrial societies. • Lenin said Electricity plus Education is socialism. THC_CTMS S375_Feb'08 2 Why we picked up ICTs First • We “ evangelized” ICTs ( and software) • Firstly as immediate relief to unemployed hordes of engineering and science ( and commerce & Arts) graduates. • Building on human resource, we moved into e-governance and further into every economic, managerial & social activities • A connected country, communicating people; and empowered citizenry. * Knowledge will forever govern ignorance and people who mean to be their own governors must arm themselves with the power which knowledge gives – James Madison, President of US (Inscription at the entrance to the Library of Congress) THC_CTMS S375_Feb'08 3 Inspiring Visions • We will produce electricity so cheap that only the rich can afford to burn candles” - Thomas Alva Edison • To get to know each other, on a world-wide scale is the human race’s most urgent need to-day. And once this mutual familiarity is established there is some hope that we may all become aware of the common humanity underlying the differences in our local manners and customs. -Arnold Toynbee ( at the time of launching TELSTAR in 1963) THC_CTMS S375_Feb'08 4 Inspiring Visions (3) Ghar Ghar mein radio (a radio in every home) Gaon Gaon mein telephone - 1978 (a telephone in every village) - Dr T.H.CHOWDARY “We will make telephoning cheaper than a post card -Dr T.H.CHOWDARY Haath Haath mein telephone ( a telephone in every one’s hand) Gaon Gaon mein Internet – 1997 ( An Internet Kiosk in every village) -Dr T.H.CHOWDARY THC_CTMS S375_Feb'08 5 Policies THC_CTMS S375_Feb'08 6 Policies (1) • IT & Software businesses were born after the demise of Nehruvian Socialism (= PermitLicence-Quota raj) in 1991 & so are thriving. • Computers & Computerisation were “un-socialist”; “American devils”; “enemies of workers” - Leftists & Progressives. • During the Janata Government; George Fernandez drove out American Devils “IBM” & Coca-Cola …… THC_CTMS S375_Feb'08 7 Policies (2) • C.M.C was founded in 26 Dec 1975 as a PSU. It took over maintenance & operations of IBM’s equipment in government offices – Hyderabad as Head Quarter. • ECIL was tasked to produce computers. • 1st Indigenous design & production by TIFR Narsimhan THC_CTMS S375_Feb'08 8 Policies (3) • Computers were being selectively used since 1950 in government departments – Indian Statistical Institute; Census of India ; Meteorological Department; 217 in the whole of India by 1974. • Communists, their Trade Unions; their fellowtraveling intellectuals have been opposing computerisation; their unions in Banks were militantly opposed. • Rajiv Gandhi boldly spoke for computer use in government; encouraged & directed their use by all officers in Delhi. THC_CTMS S375_Feb'08 9 Policies (4) • National Informatic Center (NIC) was set up in Delhi in the year 1976-’77, Connect all District Head Quarters; State capitals with NIC by VSATs; computerise all data and exchange & update it; First data network (NICNET) with video –conferencing (490 sites); 3000 VSATs connecting as many towns /cities • A great resource for Planning Commission & Planning Depts of all States THC_CTMS S375_Feb'08 10 Policies (5) • NIC personnel posted in all state capitals; e-MIS • Various GO I/GOI’s networks- R&D, Agriculture, RBI, SBI, Stock Exchange….. • First software export venture Texas Instruments (TI) in Bangalore with its own satellite link to the US in 1986-’87 • First Indian private company to have a satellite link to the US for /software export (Satyam John Deere: Moline, Illinois; USA) – “Little India project THC_CTMS S375_Feb'08 11 Policies (6) • Tax holiday; STPs; exemptions from Inspector Raj ; Internet-demonopolisation ( 1st Private Sector Internet Cy-Satyampromoted SIFY – 1999 • I.T Vision – A P moves GOI • NASCOM THC_CTMS S375_Feb'08 12 NDA Govt – 1998 May (1) • PM’s National Task Force on IT & SW • Sri Chandra Babu Naidu as Co-Chairman & myself were Members • Our vision adopted by India • 108 Recommendations w/in 4 months in the 1st Report; accepted & ordered within two months. • End to monopoly on Internet, Telecoms THC_CTMS S375_Feb'08 13 NDA Govt – 1998 May (2) • STPs; Customs Duties slashed, Tax-holiday for 10 Y; Export target $ 50 bln by 2010; 50 IIITs on PPP; End of Inspector Raj for ICT Cos: huge increase in Engg Colleges; e-governance; e-commerce; e-learning; SWANs; IT cities (like HITEC in HD), land-grants; ICT depts. in states; FDI inflows. • Chandrababu, myself, N Seshagiri, N Vittal; Vajpayeeji, Arun Shourie ………… • 1997-2004 Golden period for IT & SW Cos boom THC_CTMS S375_Feb'08 14 State Government’s Policies • States are competing to attract SW companies from all over the world and so are coming out with facilitative and supportive policies • Under their own initiative as in southern States and under the advice of the Union government many states have extensive e-governance and e-seva policies & programs • 11th Five-Year Plan provides about Rs.12,000cr to States to implement e-governance • Center for Good Governance and Center for egovernance established in Hyderabad as all India resources. • NASSCOM as the all India non-governmental trade body to propose and get IT policies permitting India the world’s preferred country for location of ICT development and IT and SW services for the global economy THC_CTMS S375_Feb'08 15 Human Resources THC_CTMS S375_Feb'08 16 India’s Knowledge Workers • • • • 400,000 Engineers 70,000 MBAs; 70,000 MCAs 10,000,000 in the ‘varsities Export education – NIIT in 50 countries; English, French, Spanish, Arabic, Russian, Chinese… • 10% only recruit able & ready to work • So “Finishing Schools” are coming up. THC_CTMS S375_Feb'08 17 Human Resource • • • • • • (20 to 25)% are ICT graduates But employables : 10% readily; Another 10% with some training Rural & Minority colleges : Despair Exam talent: No knowledge talent EAMCET, AICTE : Must be wound up ( eg: Tamilnadu), THC_CTMS S375_Feb'08 18 Brand India • 25% of companies started in the USA are by Indians • 25% of ICT professionals in the US are Indians; of them 25% are from A P; of these 80% are from Andhra & R’seema • 35% of Microsoft’s Associates are Indians; • 1/3rd from Andhra Pradesh • [20 to 25]% of S&T persons in NASA, INTEL, Motorola, QUALCOM, etc. are from India. • More than 200 of the FORTUNE 500 companies have R & D centers in India [HY,BG,PN,CN….] Chinese companies HUAWI & ZTE too are here • Indian CEOs for many MNCs THC_CTMS S375_Feb'08 19 Ten-Year Trend in Engineering and Technology PhD Degrees in the United States, China and India 10,000.00 9,000.00 Graduates 8,000.00 7,000.00 6,000.00 5,000.00 4,000.00 3,000.00 2,000.00 1,000.00 199495 199596 199697 199798 199899 199900 200001 200102 200203 200304 200405 Academic Year USA China India Source: The India Economy Review, 30 Sept 2007, Vol.4; www.iipm.thiktank.com THC_CTMS S375_Feb'08 20 Ten-Year Trend in Engineering and Technology Master’s Degrees in the United States, China and India (Actual and Estimated Data) 70,000 60,000 Graduates 50,000 40,000 30,000 20,000 10,000 0 1994- 1995- 1996- 1997- 1998- 1999- 2000- 2001- 2002- 2003- 200495 96 97 98 99 00 01 02 03 04 05 Academic Year USA (Engr/Techl) China (Engr/Techl) India(Engr/Techl) India(MCA) Source: The India Economy Review, 30 Sept 2007, Vol.4; www.iipm.thiktank.com THC_CTMS S375_Feb'08 21 Progress THC_CTMS S375_Feb'08 22 Key Highlights of the IT-ITES sector performance in FY 2007-08 (1) USD Billion FY 2004 FY 2005 FY 2006 FY2007 FY2008 E IT Services 10.4 13.5 17.8 23.5 31.0 -Exports 7.3 10.0 13.3 18.0 23.1 -Domestic 3.1 3.5 4.5 5.5 7.9 ITES-BPO 3.4 5.2 7.2 9.5 12.5 -Exports 3.1 4.6 6.3 8.4 10.9 -Domestic 0.3 0.6 0.9 1.1 1.6 Engg Services & R&D, SW products 2.9 3.8 5.3 6.5 8.5 -Exports 2.5 3.1 4.0 4.9 6.3 -Domestic 0.4 0.7 1.3 1.6 2.2 N.A.: Not available Note: Figures may not add up due to rounding off Source: NASSCOM THC_CTMS S375_Feb'08 23 Key Highlights of the IT-ITES sector performance in FY 2007-08 (2) USD Billion FY 2004 FY 2005 FY 2006 FY2007 FY2008 E Total Software and Services Revenues Of which, exports are 16.7 22.5 30.3 39.5 52.0 12.9 17.7 23.6 31.3 40.3 Hardware 5.0 5.6 7.1 8.5 12.0 -Exports n.a 0.5 0.6 0.5 0.5 -Domestic n.a 5.1 6.5 8.0 11.5 Total IT Industry (including Hardware) 21.6 28.2 37.4 48.0 64.0 N.A.: Not available Note: Figures may not add up due to rounding off Source: NASSCOM THC_CTMS S375_Feb'08 24 Software Exports 40,000 31,000 23,000 16,560 12,500 2,650 3,900 1,750 734 1,085 5,500 6,800 8,000 10,000 1995 1996 1997 1998 1999 2000 2001 24- 2003 2004 2005 2006 2007 2008 Jun THC_CTMS S375_Feb'08 25 Employment in Indian IT sector*,’000 Call-centers (ITES) Software Multinational operations 3000 2500 2000 1500 1000 500 0 2000 THC_CTMS '01 '02 '03+ (* Years ending March; + Estimate @ break-up: NA) S375_Feb'08 '04+ '06+ '07+ 26 Hyderabad’s & A P’s Surge (1) • • • • • • Software companies in Hyderabad 1248 Software companies in rest of A P 30 Exports from HYD: Rs. 18,294 Cr Exports from Visakhapatnam: Rs.245 Cr Exports from Vijayawada: Rs. 42 Cr Exports from Tirupati: Rs. 1 Cr THC_CTMS S375_Feb'08 27 Hyderabad’s & A P’s Surge (2) • 2008 Exports: Rs.24,000 cr • Employees 187,450 (31.3.2007) – 200,000 Dec 2007 – BPO & Call center companies in HYD 410; – Employees 72,000 – Revenue Rs.6,500 cr THC_CTMS S375_Feb'08 28 Indian companies becoming MNCs (TCS & Satyam whose FELLOW I am) No. of employees 2006-07 sales in bln $ No. of countries where they operate and no. of offices No. of cities where they operate in India Founded when TCS (The first largest software company) One lakh + 4.3 bln $ ($5.5 bln) • More than 50 countries • more than 175 offices across the globe. 17 cities Over 85 offices 1968 Satyam Computer Service Ltd. (The fourth largest software company) 42,000 + 1.46 bln $ ($$2.0 bln) 60 + ( 25 time zones) 31 1987 THC_CTMS S375_Feb'08 29 Foreign Companies Engaging Indian intellect (1/2) • Motorola – 1700 employees • 40% of software in its mobiles developed in India • The Internet browser and multi-media messaging system conceived and developed for 3G and GSM by Indian engineers working for foreign companies. • The software going into US cars is being developed here in India . THC_CTMS S375_Feb'08 30 Foreign Companies Engaging Indian intellect (2/2) • GE – Largest R&D center outside USA is in India in Bangalore with 2300 researchers, double that in Shanghai; A 2nd one in Hyderabad with 2000 researchers • GE put in $ 80 mln in the Bangalore R&D facility • GE’s Bangalore R&D field for 260 patents in the USA (37 already approved) • Boeing USA is outsourcing Aircraft design to Russia ( $ 120/ Hr) • Russians are outsourcing parts of the design to HAL (BG) at $ 30/Hr • Gorbachev went to USA to recommend Moscow as Bangalore’s rival! • An Indian retained does the work of 2 or 3 Europeans; does not take 6 weeks of holidays & costs one-fourth THC_CTMS S375_Feb'08 31 Indian Companies Foray Abroad (1) • • • • • • VSNL acquired FLAG Reliance Information acquired TYCO Tatas acquired Tetley Mittal acquired Arcelor Dr Reddys Labs acquired a German Pharma Ranbaxy, SIFY, SATYAM, INFOTECH;...qcquired companies in the USA, EU • In 1996 Indian companies acquired foreign companies @ Rs. 90,000 cr. THC_CTMS S375_Feb'08 32 Indian Companies Foray Abroad (2) • Our companies employ Britons, Americans, Malaysians, Chinese, Russians, Hungarians, Swedish.... • We are establishing Universities/colleges abroad • NIIT teaches in 52 countries in French, Spanish, Russian, Chinese and Arabic THC_CTMS S375_Feb'08 33 Economic & Social Impacts THC_CTMS S375_Feb'08 34 Economic Impact (1) • Prices fell by 90% and are still falling adding to India’s competitiveness • India’s global (mainly US, Europe, Australia, Japan) broadband increased enormously & extended inland to II tier towns • Thousands of BPO; KPO; ITeS & e-Media Businesses are born THC_CTMS S375_Feb'08 35 Economic Impact (2) • Job Opportunities for the hitherto educated unemployed increased fantabulously – well paid [10 times the per capita income] Over 2.0 mln engaged growing 20/25% p.a. • Huge demand for University education-[to go up from < 8% to 15% in 11th plan 20072012 THC_CTMS S375_Feb'08 36 Economic Impact (3) • Exports of IT; ITeS; BPO, KPO growing by 30% p.a.; would go up from $ 40.0 bln in 2007 to $ 60 bln in 2010 • Indian employees of foreign companies (IBM, GE, EDS, Deloitte, Cap Gemini, CSC, Accenture...) are tens of thousands • Indian companies are recruiting foreign talentsGlobal bench-marking of talent to sensitise Indians to Excellency • Indian companies are acquiring BPOs in EU; US; Hungary; Philippines, Sri Lanka, Vietnam... THC_CTMS S375_Feb'08 37 Intellectual Impact • Intellectual property created by Indian professionals (R&D) for foreign companies (Huawi, Motorola, Lucent, QUALCOM, CIT-Alcatel, Ericsson, Nokia • Indians breaking out to launch their companies – products (Chip design embedded s/w; GPS/GIS;....) • Foreign Universities enter India; Domestic companies became aware of quality • 175,000 Indian studetns are studying in foreign Universities (USA, Australia, UK, Singapore, Germany, Sweden,....) THC_CTMS S375_Feb'08 38 Social Impact (1) • • • • Islands of highly paid boys and girls Money (emoluments) as driver/motivator Individualistic uncaring for family/Relations De-Indianised, culturally alienated (Indian only in colour & blood but Americanised. THC_CTMS S375_Feb'08 39 Social Impact (2) • Vulgarity among the young increases – Cell-phone talk while walking – Cell phone talk in lifts & while driving – Cell phone talk in waiting halls of airports, railstations; buses and trains – Cell phone talk by husband & wife during morning walk – Cell phones on in auditoriums, cinema hall, classroom THC_CTMS S375_Feb'08 40 Social Impact (3) • Virginity no longer a virtue • Divorces going up [9 times in Delhi; 2 times in Chennai, Kolkata – 30% of divorce filings by women] • First Marriage is a “trial Marriage”! • Children wanted late or not at all • Children’s nurture not at home but entirely in School [from age 3 to 18] – literature, history, ethics neglected • Modesty, thrift, scholarship, fine arts are de-valued • Rights, rights for everything but no duties • Self-centeredness (party because of ½ child choice) THC_CTMS S375_Feb'08 41 Social Impact (4) • Wife-Husband tending toward nominal/notional relationship • Old parent care crumbling • High-spending consumerism • Flats, supermarkets, “International” Schools (expensive) boom; Health Care, Insurance, Retail, tourism, Eateries, autos boom, boom • Migration of the highly talented going up THC_CTMS S375_Feb'08 42 Social Impact (5) • Idiotisation of the young (and old too) by > 250 TV channels, 24 hrs/day showing trash • Igniting the intelligence & Inquisitiveness of the young-neglected • Coarseness of behaviour, deportment • Fraud, fake, violence on the increase THC_CTMS S375_Feb'08 43 Social Impact (6) Net Abuse (1) (26.08.2007 Pioneer) • Social networking sites eg. ORKUT • Cyber Space coined by William Gibson in 1984 in his box Neuromancer • Netizens- Online Community; has millions of groups • Social networking sites eg ORKUT. The top 10 sites had a 47% growth in Membership in 2006-07 THC_CTMS S375_Feb'08 44 Social Impact (7) Net Abuse (2) (26.08.2007 Pioneer) • Cyber crimes are easier than terrestrial crimes – Are easy to learn how to commit – Require few resources relative to potential damage – Can be committed in a jurisdiction w/o being physically present in it – Are often not clearly illegal – India has the 3rd largest ORKUT population in the world [after Brazil & USA] – In Y2006 Mumbai High Court proceeded against one social networking site for allowing hate campaign against India; another against one THC_CTMS S375_Feb'08 religion etc 45 Social Impact (8) Net Abuse (3) (26.08.2007 Pioneer) – ORKUT is India’s most visited Portal – Can find long lost childhood friend (s) – Evil acts like • Photo-morphing that led to depressed girls • A rave party in Pune (indecent) • Leading to deterioration of morals in society THC_CTMS S375_Feb'08 46 Message to the Young Message to the Young (1) • IITs, IIMs and some other institutions have established a global brand for India – Land of the Talented • When I was in China, Portugal, Greece I noted them equating India with IT & software ! • India now recognised as the source of best economists, financial analysts, mangers, scientists and engineers. • Ageing USA “ imports” Indians for brain-work; it “imports” Mexicans for menial work & so keeps up to hegemony THC_CTMS S375_Feb'08 48 Message to the Young (2) • Europe does not import Indian S&T and other Profs; it imports culturally incompatible Muslims for menial work; so it suffers decline • USA wants India as an ally; Indian Nurses, Indian Truck drivers, accountants, lawers.. • BPO, KPO help us move up the value chain. Indian CEOs for the world top companies. • Hinduism alone values and promotes cultural an d religious & radial diversity • Abrahamic religions are mutually annihilative and predatory on others • Intellectuals of the world look to India for all values (Vedas, Upanishads, Arth Sastra, Mahaveer & THC_CTMS S375_Feb'08 Ramayana) 49 Message to the Young (3) • Our economy is booming inspite of anti-Bharat government of alienated persons/parties ( 44 of them in the Prlt.) • By year 2050 the world order will be China, India, America, Russia, Brazil • We have to equip ourselves to be a super power economically, militarily, intellectually and spiritually. • Read what the world’s noblest & wisest think of us. THC_CTMS S375_Feb'08 50 BHARAT MAHAN! (1) (Intellectuals estimate of India) India is the only country which never invaded any foreign country “India conquered and dominated China culturally for 20 centuries without even having to send a single soldier across her border”. - HU SHIH, Former Ambassador of China to USA THC_CTMS S375_Feb'08 51 BHARAT MAHAN! (2) “We owe a lot to the Indians, who taught us how to count, without which no worthwhile scientific discovery could have been made.” -ALBERT EINSTEIN “In the whole world there is no study so beneficial and so elevating as that of the Upanishads. It has been the solace of my life; it will be the solace of my death”. -SCHOPENHAUER THC_CTMS S375_Feb'08 52 Bharat Mahan! (3) • World’s first Universities: • Takshasila – 800 BC; 10,000 foreign students, 52 subjects • Nalanda & Vikrama Sila THC_CTMS S375_Feb'08 53 BHARAT MAHAN! (4) “If I were to look over the whole world to find out the country most richly endowed with all the wealth, power and beauty that nature can bestow-in some parts a very paradise on earth - I should point to India. If I were to asked under what sky the human mind has most fully developed the choicest gifts, has most deeply pondered on the greatest problems of life, and has found solution of some of them which well deserve the attention even of those who have studied Plato and Kant - I should point to India. And if I were to ask myself from what literature we here in Europe, we who have been nurtured almost exclusively on the thought of Greeks and Romans, and of one Semitic race, the Jewish, may draw that corrective which is most wanted in order to make our inner life more truly human, a life not for this life only, but a transfigured and eternal life -- again I should point to India”. -MAX THC_CTMS S375_Feb'08 54 MULLER BHARAT MAHAN! (5) “India was the motherland of our race, and Sanskrit the mother of Europe’s languages; she was the mother of our philosophy; mother, through the Arabs, of much of our mathematics; mother, through the Buddha, of ideals embodied in Christianity; mother, through the village community, of self-government and democracy. Mother India is in many ways the mother of us all”. -WILL DURANT THC_CTMS S375_Feb'08 55 BHARAT MAHAN! (1) “Whenever I have read any part of the Vedas, I have felt that some unearthly and unknown light illuminated me. In the great teaching of the Vedas, there is no touch of the sectarianism. It is of ages, climes, and nationalities and is the royal road for the attainment of the Great Knowledge. When I am at it, I feel that I am under the spangled heavens of a summer night”. -HENRY DAVID THOREAU THC_CTMS S375_Feb'08 56 BHARAT MAHAN! : Science & Technology Bhaskaracharya (5th century AD) calculated the time taken by the earth to orbit the sun hundreds ofyears before the astromer Smart. Time taken by earth to orbit the sun: 365.258756484 days. The art of Navigation was born in the river Sindh 6000 years ago. The very word Navigation is derived from the Sanskrit words NAV Gatih. The word navy is also derived from Sanskrit ‘Nou’ THC_CTMS S375_Feb'08 57 BHARAT MAHAN! : Science & Technology Baudhayana first calculated the value of pi, and he explained the concept of what is known as the Pythagorean Theorem. He discovered this in the 6th century long before the European mathematicians. Algebra, trigonometry and calculus came from India. Sridharacharya propounded quadratic equations in the 11th century. THC_CTMS S375_Feb'08 58 BHARAT MAHAN! : Science & Technology The largest numbers the Greeks and the Romans used were 106 whereas Hindus used numbers as big as 1053 with specific names as early as 5000 BCE during the Vedic period. Even today, the largest used number is Peta: 1015. The place value system, the decimal system was developed in India in 100 BC. India invented the Number System. THC_CTMS S375_Feb'08 Zero was invented by Aryabhatta. 59 BHARAT MAHAN! : Science & Technology Sushruta is the father of surgery, 2600 years ago he and health scientists of his time conducted complicated surgeries like cesareans, cataracts, artificial legs, fractures, urinary stones and even plastic surgery and brain surgery. Usage of anesthesia was well known in ancient India. Over 125 surgical equipment was used. Deep knowledge of anatomy, physiology, etiology, embryology, digestion, metabolism, genetics and immunity is also found inS375_Feb'08 many texts. THC_CTMS 60 BHARAT MAHAN! : Science & Technology Ayurveda is the earliest school of medicine known to humans. Charaka, the father of medicine consolidated Ayurveda 2500 years ago. Today Yoga and Ayurveda are fast regaining its rightful place in our civilization. The earliest reservoir and dam for irrigation was built in Saurashtra. According to Saka King Rudradaman I of 150 CE a beautiful lake aptly called ‘Sudarshana’ was constructed on the hills of Raivataka during Chandragupta Maurya’s time. THC_CTMS S375_Feb'08 61 Socialism: Wise thoughts from Sri Nani Palkhiwala • Socialism as practiced in India has been a fraud: Our brand of socialism did not result in transfer of wealth from the rich to the poor but only from the honest rich to the dishonest rich • The sleeping sickness of socialism is now universally acknowledged – but not officially in India… The public sector enterprises are the black holes, the money guzzlers and they have been extracting and exorbitant price for India’s doctrinaire socialism. THC_CTMS S375_Feb'08 62 Socialism: Wise thoughts from Sri Nani Palkhiwala • A law-suit once started in India is the nearest thing to eternal life ever seen on this earth…. • History will record that the greatest mistake of the India Republic in the first 50 years of its existence was to make less investment in human resources-education, family planning, nutrition and public health-than in brick and motor dams and factories. THC_CTMS S375_Feb'08 63 Socialism: Wise thoughts from Sri Nani Palkhiwala • Over taxation corrupted the national character overtly. The nation survived only because the tax system continued to breathe through loopholes and the economy used to breath through window of tax evasion. • We have too much Government and too little administration; too many laws and too little justice; too many public servants and too little public service, too many controls and too little welfare. • India has a deficiency of leaders with noble minds - Dr APJ Abdul Kalam64 THC_CTMS S375_Feb'08 • Ill fares the land where ‘welfare’ is distributed before wealth is created • You cannot bring about prosperity by discouraging thrift • You cannot strengthen the weak by weakening the strong • You cannot help the poor by destroying the rich • You cannot establish sound security on borrowed money • You cannot keep out trouble by spending more than you earn • You cannot build character and courage by taking away man’s initiative and Independence • You cannot help men permanently by doing for them what they can do for S375_Feb'08 themselves THC_CTMS 65 -Abraham Finally • Be the most accomplished students, all employable, enlightened, ignited • Read and know your true history how Bharat resisted and eventually triumphed over aliens • Samskrit, Dharma and Bharatiyata and our samskriti bind us together. • Religion and language don’t bind as much as culture does. THC_CTMS S375_Feb'08 66 Remember & revere (1) • • • • • • • Bharat, the most richly endowed country Valmini, Vyasa,Kalidasa The ( un-named) Vedic Seers Sri Rama, Buddha, Mahavira, Sankara, Nanak Vidyaranya, Samarth Ramadas Kautilya (Chanakya),Sri Krishna Swami Vivekananda, Lokamanya Bala Gangadhar Tilak, Sardar Patel, Dr. Ambedkar THC_CTMS S375_Feb'08 67 Remember & revere (2) • Bhaskara, Aryabhatta, Baudhayana, Sridhara, Charaka, Sushruta • Taksha Sila, Vikrama Sila, Nalanda • Your Mother, Father, Guru • Sahanaavavtu, sahanau bhunaktu, sahaveeryam karavaavahaih , maa vidvishavahaih • Realise the truth “Aham Brahmaasmi Tat tvam asi” THC_CTMS S375_Feb'08 68 Dhanyawad: Thank You THC_CTMS S375_Feb'08 69