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Only a skilled nation can create national wealth

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Analysis: 50% of the world’s wealth remains with 4-5 countries

    “National wealth” refers to the total value of wealth possessed by the citizens of a nation at a set point in time. That is, the total value of wealth and goods generated by all economic activity in a particular nation.

    It is also referred as the national (net) wealth, or the national net worth, or even the gross national wealth (GNW); summing up to the total national wealth and is the total sum value of wealth possessed by the citizens of a nation at any given point of time.

    This figure of national wealth is an important indicator of a nation’s ability to take on debt and sustain spending. It is influenced, not only by real estate prices, but also by the stock market, human resources, technological advancements which may create new assets or render other worthless. It is also steered by the national infrastructure and exchange rates. Remember, for value creation optimum skill levels are a must for any nation and therefore skill building is an important ingredient, required to augment national wealth.

    The most significant component by far among most developed nations is commonly reported as household net wealth or worth, and also reflects infrastructure investment. National wealth can fluctuate, as evidenced in the US data (to follow) following the financial crisis of 2008 and subsequent recovery.

    There are 196 countries in the world today. If we compare the national wealth figures of the first 30 major countries we will come across an interesting paradigm as below:

ANALYSIS … HOW CHINA FORGES AHEAD

  • The world’s wealth has grown from 117,225 billion USD in 2000 to 171,577 in 2005, up to 216,374 in 2010 and to 250,145 in 2015. This is a cumulative growth of 113% over the last 15 years and an average annual growth rate of 7.5%.
  • USA remains the richest in terms of national wealth and also a consistent performer since 2000 to 2015. In 2000 it had a national wealth of 42,941 billion USD which has grown to 85,901 billion USD in 2015. This is a cumulative growth of 100% over 15 years and an average annual growth rate of 6.67%.
  • The national wealth of the US in 2000 was 42,941 billion USD, a little more than the national wealth of Japan, UK, Germany, Italy and China, put together.
  • The national wealth of the US in 2005 was 59,664 billion USD, a little more than the national wealth of Japan, UK, France, Italy and Germany, put together.
  • The national wealth of the US in 2010 declined from 59,664 billion USD by 4.27% to 57114 on account of the economic crisis, but it still remained more than the combined national wealth of countries such as Japan, China and France, put together. China by 2010 had become a major skill development country and thereby started generating wealth. It would not be wrong to say that 50% of the wealth of the world is controlled by only four or five countries.
  • By 2015 the national wealth of the US had increased to 85,901 billion USD, a little more than the combined wealth of five economic super powers such as China, Japan, UK, France and Germany.
  • China’s policy of underscoring on skill development under the banner of human resources gave encouraging results when its national wealth from 4664 billion USD in 2000 went up to 8674 in 2005 and to 17505 in 2010 and finally to 22817 in 2015. And from 6th position in 2000 it has jumped to 2nd position in 2015 in terms of national wealth.
  • India on the contrary from 14th position out of 196 countries in 2000 jumped marginally to 12th position in 2005 and to 11th position in 2010, but slumped back to 14th position in 2015. Its national wealth was 1163 billion USD in 2000, 2142 billion USD in 2005, 3788 billion USD in 2010, and 3447 billion USD in 2015. It has cumulatively grown by 196% with an average growth rate of 13%. But it is not enough when we compare it with world standards and our political establishment needs to understand this. India requires wide spread skill development if it wants to grow its national wealth. A lesson we need to learn from China where there is no opposition when it comes to policies affecting national wealth.
  • 50% of the world’s wealth in the year 2000 was with super economic powers such as the USA, Japan and the UK. This changed somewhat in 2010 where 50% of the world’s wealth was held by the USA, Japan, UK and France, and this further changed in 2010 when 50% of the wealth of the world was held by USA, Japan, China (China replaced UK) and France. In 2015 the scenario further changed when China jumped to the second position next to the US leaving behind Japan to a close third.
  • Canada with 35 only million people has maintained a steady 8th position in the world. In 2000 it had a national wealth of 2,469 billion USD. This rose to 4277 in 2005, to 6212 in 2010 and finally to 6872 in 2015. Its cumulative growth in 15 years has been 178% with an average growth rate of 11.88%. But it has failed to take a quantum leap because it doesn’t have great reserve of skill bank which it is largely importing from other countries now. It also has a huge geographical territory and it remains to be seen how in times to come it will manage its huge assets with such a meagre population.
  • South Korea has turned into another industrial giant by lifting its skill levels. It rose from the 16th position where it had a national wealth of 1089 billion USD in 2000, to 2149 billion USD in 2005 at 11th spotBut it slumped back to 14th position in 2010 even when it increased its national wealth to 2791 billion USD. But in 2015 it jumped to 12th spot with a national wealth of 3545 billion USD.
  • Greece with its economic crisis, a typical example has crashed to the 30th spot in 2015 with 743 billion USD from the 23rd spot in 2000 with a national wealth of 493 billion USD.
  • Russia with the roots of once a super power has stagnated from 3150 in 2000 to 1284 USD billion in 2015 but has gone up notches from 30th to 23rd

    The point of essence—mere size of population doesn’t increase national wealth. One has to individually create it for the nation. And you can create, only if you have the skill. The US remains the leader in this field with a population of 310 million people which is less than one third of the population of India. Even Canada with only 35 million people generates more revenue than India. Prime Minister Narendra Modi is by far on track by underscoring on skill development in India.

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By Kamlesh Tripathi

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https://kamleshsujata.wordpress.com

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GLOOM BEHIND THE SMILE

ONE TO TANGO … RIA’S ODYSSEY

AADAB LUCKNOW … FOND MEMORIES

REFRACTIONS … FROM THE PRISM OF GOD

(CAN BE BOUGHT FROM ON LINE BOOK STORES OR WRITE TO US FOR COPIES)

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COSTLY MISTAKES OF BJP

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narendra modi

P.M. NARENDRA MODI—from the voice of India to silent mode.

    India voted for Sri Narendra Modi first and BJP second. Because, in a short span of time he had become the voice of India even before he had won the elections. But his deafening silence, this time in #Lalitgate will affect his image adversely. The way people remember his eloquent speeches, they will now remember his sting of silence, signifying, as if he is supporting corruption. It is a costly mistake. And, unfortunately the public memory is not short anymore, because of the media. He should therefore break his silence forthwith.

SUSHMA SWARAJ

 

    By not resigning she might bring her illustrious career to a slow down. The first thing that will come to peoples mind when they think about her, will now be #Lalitgate and impropriety. She also ignored the subtle advice of L. K. Advani, the patriarch of BJP which is another mistake. And in this entire huff and puff she has helped no one else, but the opposition. Such an experienced politician should have kept abreast with the golden adage, ‘a man is known by the company he keeps.’ But she ignored that and kept her friendship alive with Lalit Modi. And in this political hara-kiri one can only wish her the best.

VASUNDHARA RAJE

raje

    She too has committed a similar mistake of sticking to the chair. In future she and even her son will be remembered for serious controversies which are perception wise even anti national. She again has handed over crores of votes to her rival party Congress, on a platter.

DEVENDRA FADNAVIS AND KIRAN RIJIJU

fadnavis Kiren_Rijiju_(cropped)

    Where was the need to go and throw your weight around hapless air-passengers? Perhaps, power has got into their heads. Before this incident people had a good and positive impression about these two young leaders of BJP. What irritated the public more was, after bullying the airline, they told lies with equal temerity. This is a costly mistake that people will not forget. Rather, they would be remembered as, ‘accha woh minister jo plane mein dadagiri karta hai.’ They can apologise even now, as they are young and have a long way to go

 SMRITI IRANI

irani

    She went hammer and tongs against Rahul Gandhi. But she herself is now caught, in a degree row when she happens to be the HRD minister of the country. If she had some controversial degrees and certificates she should have stayed away from the Union Cabinet. BJP has come to power after a decade with a huge mandate. The strategy of BJP should be to perform in a manner that makes others envious, but on the contrary what is coming to the fore is irritating controversies and that too by some of their tall leaders.

PANKAJA MUNDE

munde

    With no idea about policies and procedures she goes and orders stuff worth over 200 crores and Devendra Fadnavis justifies it, prima-facie. With such leaders and ministers BJP doesn’t require enemies as it is committing its own unplanned hara-kiri.

    As a BJP supporter. I would request Sri Narendra Modi to grip the turbulent ship hard, to bring it back on course.

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Posted by Kamlesh Tripathi

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Shravan Charity Mission is an NGO that works for poor children suffering from life threatening diseases. Should you wish to donate for the cause the bank details are given below:

NAME OF ACCOUNT: SHRAVAN CHARITY MISSION

Account no: 680510110004635 (BANK OF INDIA)

IFSC code: BKID0006805

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Our publications

GLOOM BEHIND THE SMILE

ONE TO TANGO … RIA’S ODYSSEY

AADAB LUCKNOW … FOND MEMORIES

REFRACTIONS … FROM THE PRISM OF GOD

(CAN BE BOUGHT FROM ON LINE BOOK STORES OR WRITE TO US FOR COPIES)

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FOR A CHANGE MPs FROM U.P. SHOULD UNITE- TO SAVE THE FOODPARK IN RAE-BAREILLY FROM GOING OUT FOR THE PRESTIGE OF UTTAR PRADESH

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New Doc 63_1

When Pratibha Devi Singh Patil was contesting President’s election, Shiv Sena decided to vote for her enbloc, even when she was a Congress candidate, just because she was a Maharashtrian.

They say ethnic food, language, and minorities have tremendous potential to unite. Unfortunately UP (Uttar Pradesh) has none even when it happens to be the biggest state of India. Its mere name is Uttar Pradesh which means the northern province and does not denote any form of ethnicity. Its mother tongue happens to be Hindi. So what, everyone speaks Hindi—sab bolte hain, and so it still doesn’t create that fusion amongst UPites as it would in case of Tamilians, Maharashtrians, Bengalis, Gujaratis or Punjabis to cite a few examples.

It even does not have that ethnic umbrella of food which by sheer name hyperlinks you to the concerned state like—Idli, Dosa Sambar connects you to Tamil Nadu, fish to Bengal, Chole Bhature to Punjab and Dhokla to Gujarat to name a few. It has ordinary Dal Roti, Saag, Sabzi, Kabaabs and Mithai to mention a few which most states of the north have, so there again there is no pull. And so the underground connect that some the other states have by virtue of language, food and ethnicity is largely missing in this state.

Though UP was and still is the livewire political capital of India with 84 seats in Lok Sabha and 31 in Rajya Sabha it was always a case of chirag tale andhera. It never developed like other states and always basked in the comfortable backyards of Delhi. And, sadly the MPs from UP only bickered with each other across party lines and the trend goes on, even when every other state of India is fighting tooth and nail to get new industries and investments into their state. And, so can we expect giants like Narendra Modi, Sonia Gandhi, Mulayam Singh Yadav, Rajnath Singh, Mayawati and Rahul Gandhi all from UP, ever coming together for the cause of U.P? The answer is big no.

Eight of India’s fifteen Prime Ministers were from Uttar Pradesh: Jawahar Lal Nehru, Lal Bahadur Shastri, Indira Gandhi, Charan Singh, Rajeev Gandhi, V.P.Singh, Chandrashekhar and Atal Bihari Vajpayee apart from various other senior union cabinet ministers who have represented U.P. But still it is a laggard state. And no one knows whom to blame, whether the political class of the state and so also the citizenry.

For some Prime Ministers it was understandable because they had short stints and came in much later in the day but some had long initial stints post India’s independence and still couldn’t provide that initial desired impetus of industrialization and development.

In fact Mrs Indira Gandhi coolly handed over the Integral Coach Factory tipped for Allahabad to Kaputhala in Punjab while Punjab agitation was at its peak to please Sikhs not realising how bad Uttar Pradesh must have felt especially when Phoolpur-Allahabad was Jawahar Lal Nehru’s constituency; and all her life Mrs Gandhi fought elections from Rae-Bareilly in UP.

After Indira Gandhi now Rahul Gandhi the scion of Gandhi parivar is taking Rae-Bareilly for a ride by not taking the food park project seriously when it was sanctioned to him in 2010 and with all the influence at his command he could have seen the project through and got so many in Rae-Bareilly employed. And therefore I fail to understand why Congress Party tries to take Uttar Pradesh for granted.

And looking at the plight of U.P. it is important that the MPs of Uttar Pradesh unite for a change and not let the food park go out to some other state. Even Aklesh Yadav’s government should provide all clearances asap. For one food park or a coach factory will not make any difference in the life of Gandhis, but will certainly make a tremendous difference in the lives of a common man from Uttar Pradesh.

TOI news item- ‘UPA refused cheap gas supply to Rahul project.’

article: SHOULD TEXT BOOKS BE AVAILABLE, BOTH IN PRINT AND E-BOOK FORMAT FOR SCHOOL CHILDREN?

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SHOULD TEXT BOOKS BE AVAILABLE, BOTH IN PRINT AND E-BOOK FORMAT FOR SCHOOL CHILDREN?

 

    Every day when I go for my morning walk. I see innumerable school children and some very young, carrying their heavy rucksacks filled with books up to a bursting point. Many out of them are even unable to walk in the normal manner because of the weight. Some even walk sluggishly and at times are helped by their nannies or their young parents or even their old grand parents. To, be on time for their school bus or any other mode of conveyance that they take. And I am more than sure this must be causing a great amount of unspoken dissonance in these children. Considering, the matrix and size of India. I consider this as an important issue to be looked at seriously. When it affects 52% of our population. The hypothesis finds more ground when we dig into some relevant statistics as given below.

526

MIX OF PRIMARY AND SECONDARY EDUCATION

    India has approximately 113.8 million children attending primary school and another 88.5 million attending secondary. While PE (Primary Education) covers an age group of 5 to 14 years, SE (Secondary Education) covers children in the age group of 14-18 years. PE is up to class 8 and SE spills over to class 12 and beyond that is the HE (Higher Education)

    Now, if we were to analyse the demographic structure of education in India in the table below, we would find:

DEMOGRAPHIC STRUCTURE IN EDUCATION 2009  
AGE GROUP EDUCATION GROUP POPULATION IN CRORE PERCENTAGE OF POPULATION
0-3   7.5 6.50%
4-6 Pre Primary 7.9 6.80%
7-11 Primary (I-V) 14.4 12.40%
12-14 Upper Primary (VI-VIII) 8.5 7.30%
15-18 Secondary (IX-XI) 9.7 8.30%
19-24 Higher (XII+) 12.6 10.90%
  Population 60.6 52.30%

    The population in the age group between 4 to 18 years, which comprises of Pre-Primary to Secondary level, is around 40 crore and around 35% of our total population; which is sizeable. So, at no cost can we condone their issues, especially when they are not adults and cannot speak for themselves. The existing state of play, where they use printed text books may not be that convenient, both for them and their families, but then they have no choice.

SOME MAJOR DISADVANTAGES OF PRINT TEXT BOOKS

  • Bulky and heavy to carry and the weight only increases as you go up, the classes.
  • Often these books are out of print especially when the text is modified or when a new session starts and are even sold at a premium.
  • Print books are subject to wear and tear.
  • Expensive as compared to an e-book, and with the rise in paper, print, labour and transportation costs the prices will only increase.
  • May not be readily available at multiple locations.
  • In many areas we don’t have regular electricity supply or have long power cuts, when you can’t read these books and this is a great disadvantage, during times of examinations and even routine study. Whereas, an e-book can be read in the dark.

INDIAN PRINT TEXT BOOK MARKET

    If we take the Indian text book market it is at a level of $ 1.2 billion, with an addition of $510 million of supplementary books. However, private publishers have access to just 60% of the market. Given the monopoly of state boards and NCERT in 95% of the school text books. And a large chunk of schools are vernacular with local languages; and often out of print.

BENEFITS OF E-BOOKS

    If Finland can say good bye to ‘cursive handwriting’ by 2016, why can’t India move towards e-books. When the advantages are so many,

  • Except for a onetime cost of purchasing the e-reader the recurring costs of purchasing text books will reduce substantially. Government can incentivise purchase of e-readers.
  • It will always be available, both in India and globally. And never out of print.
  • You can even read in the dark.
  • Very light to carry and not bulky.
  • Will give even a rural child a sense of advancement in life.
  • One book for many books: e-reader.

WAY FORWARD

     The government should introduce e-book as a parallel option for children. To assess the ground reality the project could be piloted in a particular district or a state. It could even start with a particular subject. E-books could be readied out of print books and loaded in to simple e-readers, with white paper technology. The project can be launched in identified schools where it could be monitored by an IT instructor of the school along with teachers. And I am sure with this even our rural child will go global.

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By Kamlesh Tripathi

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                                                   https://kamleshsujata.wordpress.com

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Share if you like it

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Shravan Charity Mission is an NGO that works for poor children suffering from life threatening diseases. Should you wish to donate for the cause the bank details are given below:

NAME OF ACCOUNT: SHRAVAN CHARITY MISSION

Account no: 680510110004635 (BANK OF INDIA)

IFSC code: BKID0006805

*

Our publications

GLOOM BEHIND THE SMILE

ONE TO TANGO … RIA’S ODYSSEY

AADAB LUCKNOW … FOND MEMORIES

REFRACTIONS … FROM THE PRISM OF GOD

(CAN BE BOUGHT FROM ON LINE BOOK STORES OR WRITE TO US FOR COPIES)

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