“R.K. Somany, president of the Associated Chambers of Commerce and Industry of India (Assocham), revealed that what struck him most during his recent visit to China was the fact that "Chinese look upon its growing population as their biggest strength. So why should we look at our population as a drag?"
The experts stressed that with the changing concept of business and the knowledge economy driving growth, there was a revival of the "direct equation with the customer".
This has led to the era where the human mind and not machines dominate, said Rajendra S. Pawar, chairman of NIIT Ltd., one of the country's leading computer training and software development companies.
"The knowledge economy is bringing back the best tradition of communication. With it the dependence on human mind is coming back," said Pawar.
According to Pawar, the need today was for "leaders to perpetually create dreams and inspire people to keep the process going".
Jalan supported this view by citing the examples of Japan, South Korea and Israel, which have inspired its people to withstand adversities and lack of natural resources to become a thriving economy.”
Read more.