Nayan Chanda, Director at the Yale Center for the Study of Globalization, recently interviewed me around a wide range of issues in front of the 16th Lok Sabha. The interview is published by the print and online editions of Businessworld.
The Narendra Modi government should focus on three key areas — skill development, tackling corruption by harnessing technology and urban planning. This is what Tarun Khanna, Jorge Paulo Lemann Professor at Harvard Business School prescribes in response to posers from Nayan Chanda, BW columnist and editor in chief of YaleGlobal Online, a publication of Yale University. Edited excerpts:
Q: India looks like a Boeing 747 slowing to a stall.. What does one do to prevent this?
A: It is a good analogy. I am working mostly with entrepreneurs, largely in the private sector and civil society. In that space, I don’t see any diminution of interest in taking risk on the part of the youth. If anything, the willingness to take risks is rising. I would say there are very few things that are working, please don’t kill those. Decentralised private sector initiatives by young people are alive and well, at least in the top ten cities. I don’t think you do that unless there is an underlying sense that there will be a self-correction. It is very unlikely for somebody to leave a secure job to start a non-profit, go to the Dharavi slum or start a new company in clean-tech, if he thinks that the sky is falling.