Hindustan Times (Patiala)

Build on glorious legacy to forge the future we want

Reimaginin­g a new India requires us to grow faster, but differentl­y, by harnessing the power of tech

- NK SINGH NK Singh is the chairman of the 15th Finance Commission

Reimaginin­g India entails both nostalgia and quest. One of the greatest periods of Indian history was when India was the intellectu­al and knowledge capital of the world. The ancient Nalanda University was a centre of global excellence till the 12th century CE. Nalanda had attracted scholars from different places in Asia and beyond. Detailed accounts about the ambience, architectu­re, pedagogy, and scholastic pursuit, have been extensivel­y recounted. Many hundreds of its books were later translated into Chinese, quite a few at the Wild Goose Pagoda in Xi’an, the old capital of China. It also brings to my mind that Hiuen Tsang, the Chinese scholar when provocativ­ely asked by the monks in Nalanda why he was going back to his country, a land of the “Maleech”, replied with humility, “who would be so unfortunat­e that after receiving light and knowledge would not want to share it with others?”

During the period when Nalanda was being destroyed by Bakhtiyar Khilji in

1193, Oxford was barely settling down. Did this represent the transit and transfer of intellectu­al power from Asia to the West, and more importantl­y, from India to Europe?

In a sense, India was both an economic and knowledge powerhouse. Not surprising­ly, according to Angus Maddison’s calculatio­ns, around 1000 CE, India, and China contribute­d 50.5% of global GDP. Even much later, in 1603 when the English merchant John presented himself at the court of Akbar, the Mughal emperor — clutching a letter from the Queen — mentioned India as the world’s richest nation comprising a quarter of the global economy.

When we reimagine India, the least we can seek is to regain and recreate its lost intellectu­al and economic leadership. How do we realise this natural quest? First, we must accept that this cannot just be by more of the usual.

Our teaching methods and pedagogy have for long remained frozen. Education methods and institutio­ns need greater synergy between societies and institutio­ns of learning. There can be no better example than the case of Nalanda since we are on that theme. Few remember that Nalanda was supported by its two-hundred contiguous villages.

There was synergy between society and educationa­l pursuit. The new pedagogy and teaching methods or employment structures need congruence between users and creators. Technology, big data, artificial intelligen­ce, and robotics make them increasing­ly possible. The recent initiative­s in emphasisin­g meritocrac­y, according greater autonomy to educationa­l institutio­ns, fostering competitio­n and allowing some play for market forces are encouragin­g.

Tinkering with the existing structures which are outmoded and misaligned to our needs would be grossly inadequate.

Second, we must grow faster, but grow differentl­y. Growth is a necessary condition but inadequate for balanced, equitable and acceptable outcomes. The Sustainabl­e Developmen­t Goals center on poverty eliminatio­n.

The recently released UN report suggests that over 270 million people in India moved out of poverty in the decade since 2005-06, halving the poverty rate from 55% to 28%.

This has happened when we have grown roughly at 7%. We need to get to a sustained 8% plus growth for a long period and also invest more aggressive­ly in enhancing the quality of human capital. Third, on improved health outcomes, the recent initiative­s on Ayushmann Bharat, which was launched by the Prime Minister a few days ago, can overcome the financial constraint­s which hobbled the poor in seeking healthy lives without a debt trap.

The 1, 50,000 Wellness Centres are congruent to this staggering initiative. But where are the doctors, nurses, paramedics, and gynaecolog­ists and anaestheti­sts? The debilitati­ng impact of the Medical Council of India’s regulatory regime stymies market forces even in a country with abundant human resources.

The powerful lobbies that cluster our health regulation­s can negate these decisive moves.

Fourth, urban expansion in India remains messy. Almost 75.5 million Indians live in urban slums.

We need a fresh approach and a regulatory structure with a genuine delegation of administra­tive and financial powers to the third tier.

Why can’t a higher percentage of overall revenue from the Centre and the states be made available for urban local bodies?

Fifth, we need to find ways to achieve a sustainabl­e trade balance. Export competitiv­eness needs more than a competitiv­e exchange rate by the way of more dependable transport structures, flow of credit and technologi­cal upgradatio­n.

Finally, maintainin­g the hard-won macroecono­mic stability, a solution for twin balance sheet syndrome, regaining the momentum on the unfinished structural reforms, remain central to sustained long-term growth.

Going by the words of the late Atal Bihari Vajpayee, “India has the sanction of her own past glory and future vision to become strong — in every sense of the term”.

 ?? HT PHOTO ?? When Khilji destroyed Nalanda in 1193, Oxford was barely settling down.
HT PHOTO When Khilji destroyed Nalanda in 1193, Oxford was barely settling down.
 ??  ??

Newspapers in English

Newspapers from India