Unleashing National Growth through Secured Governance – Present / Post COVID 19
By Dr. P. Sekhar
Chairman of Global Smart Cities Panel, Micro Tech Global Foundation
Introduction
We are giving a workable strategy with a growth plan for getting over the havoc created by COVID 19. It is like World war III and has brought the whole world to grinding halt bringing key Economies of all developed and developing countries to tailspin. Bigger the countries larger the fall. India has also been greatly affected even though the human damage has been very well contained due to some good systems in place as also quick and timely actions taken. But the damage is great as there was the on-going Economic slide on a vast country with its multi dimentional road blocks to take this COVID 19 onslaught. There is very little resources monetary and physical ones to take up this challenge. So there is a great need to get a strategy which takes these ground situations to get things back on track. Here Secured Governance Model is considered which works on Self sustained Techno Economic growth through Value and valuation through the range of hidden potential in all sectors of economy. The article gives a ground plan for seamless growth with immediate employment far exceeding the last year with enhanced Infrastructure in sectors of economy with minimal investments from Government as there is anyway very little funds available considering the magnitude required.
In this context our country need to be boost investment in healthcare sector and other supporting sector to meet efficient health response and service. The insufficient funding allocation of government on healthcare sector and high out-of-pocket expenditure cannot meet all the demands and needs of the citizen. Secured Governance a novel strategy designed to minimise the gap of healthcare infrastructure development and services through private and international participation in social sector. The value and valuation strategy offers sophisticated funding mechanism and tailored to the economic growth and generate huge employment opportunity.
Virus impact: Global Economy
Global GDP growth is projected to slow from 2.9% in 2019 to 2.4% this year, before picking up to around 3¼% in 2021 as the effects of the coronavirus fade and output gradually recovers. Equity prices and non-food commodity prices are lowered by 10% in the first half of 2020.
Impacts on the Indian Economy
The International Monetary Fund (IMF) on April slashed growth forecast for the Indian economy, projecting a GDP growth of 1.9% in 2020 and growth of the Indian economy in 2021, at a rate of 7.4%. The lockdown will cost the Indian economy almost US$4.64 billion (over INR. 35,000 crore) every day and the entire 21-day lockdown will result in a GDP loss of almost US$98 billion (about INR. 7.5 lakh crore). Production shutdowns, labour and supply chain disruptions - especially for companies exposed to international trade-as well as falling consumption, have raised serious concerns about the short- to-medium term viability of many businesses, including the MSMEs.
Need of Strategies for re-emerging as a Growing Economy
With the onset on COVID 19 and its catastrophic impact there is need to strategically plan for getting the Economy back on track. By much of the conventional methods things do not seem to go forward as the downturn created is massive. Secured Governance offers a unique solution to get through this massive boulder created by the fear and death by this World War III. Let us understand the relative numbers of births deaths in India and Internationally by the enclosed facts and figures to get proper idea and a confirmation that this system would see us through this avalanche.
- Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
- Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
- Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Key Statistics of Indian Population (in numbers, 2019)
Distribution of Deaths by Major Cause
Key Statistics of World Population (in numbers, 2019
Birth & Death Statistics of Some Selected Countries (2019, in numbers)
Many of these deaths were probably caused by various causes, but — statistics viewed as key measures of the impact of the outbreak is comparatively tolerable.
Per day Birth & Death of Some Selected Countries (2020, in numbers)
Global Coronavirus Current Situation (as on 15 – 04 – 2020, in numbers):
All numbers given above and generally in this article are from Government & authentic sources.
Self – Sustained Economic growth through Secured Governance for India
Secured Governance is a strategy that relates to the develop a relationship between infrastructures development in all sectors along with private and foreign investors will be partners and Government as governing body to foster, coordinate and create sustainable economic growth and employment opportunity.
“Secured Governance offers a strategy for the government to get all the basic infrastructure development with a negligible investment by the Government. It is a concept of developing Techno Economic Corridors connecting HUBs which will act as growth centre for individual sectors. The very concept of “Secured’’ here implies a secured convergence or knitting with various sectors defining a growth for an economy.”
Overview of Healthcare Statistics in India (in numbers)
In India, major hospitals are mostly located in metropolitan cities and semi urban areas and less number in rural areas. The current strength of hospital beds is about 7.14 lakh and another 7 lakh+ needs to be added in the current period. Ideally, it needs to be four beds per 1,000 people, keeping in mind the sheer geographical spread of the country and the geography's varied population density. Secured Governance strategy designed to minimise the gap of Healthcare infrastructure and promote private participation in development of Healthcare HUB. The value and valuation strategy offers sophisticated funding mechanism and tailored to the economic growth and generate huge employment opportunity. Here all Healthcare Enterprises would get additional land and greater FSI to be used for funding the needs on a continuous basis. Certain other sectors like Religious and spiritual ones would be encouraged to invest in this to bring greater expansion and spread to rural areas.
Virus Impact on Tourism & Hospitality Sector
It is believed that around 70% out of a total 5.5 crore workforce could get affected by this virus, which is around 3.8 crore direct and indirect employees. A large percentage of total tourism business activity of India, which is estimated at US$28 billion+ in FOREX and upwards of INR.2 lakh crore in domestic tourism activity will be at economic risk through the year. Thus, in excess of INR.5 lakh crore of direct tourism industry and almost double that of total economic activity is at risk. India is known for offering alternate Medicines and has certified & Accredited Wellness & Ayurveda Centres. Ayurveda is a 5,000-year-old system of natural healing that has its origins in the Vedic culture of India. Ayurveda has been enjoying a major resurgence in both its native land.
Secured Governance – Roadmap to a Prospering Tourism Industry
Tourism and hospitality industries along with Airline and Airport Management needs to be specially taken care by encouraging International and National tourist in different segments with proper incentives. On the local level various stakeholders in these segments needs to give attractive diversification opportunities for sustenance till the sectors comes back. Much of the funds allocated should be routed through these industries to give salaries and wages and encourage corporates to give incentives for persons going on Tourism. Overseas Indians should be encouraged to come as Tourists and taken on guided tours as we have 25M captive audience. Besides the tourism curriculum and skills development programmes be designed in a manner that addresses the needs of the sector, thus bridging the gap between the education system and the workplace - preparing the graduates for employment. This would get the tourism industry back as gold mine, waiting to be explored as it is identified as one of the top six priority areas in the New Growth Path for the promotion of economic development and job creation. It could generate a significant economic impact by increasing revenues and boosting FOREX volumes while inducing greater employment and business opportunities for the citizens of the country
Comments
Vishal P
July 10, 2016 AT 9:15 PM
Vishal P
July 10, 2016 AT 9:15 PM
Leave A Comment