INDIA A LOOK AT THE FUTURE OF INDIA 2061Ajit Balakrishnan Dr. Ajit Ranade Anil Sardana Ashish Chauhan Ayaz Memon B. S. Nagesh Dileep Ranjekar Dinesh Kanabar Dorab R. Sopariwala Geet Sethi Hasit Joshipura Malini V Shankar Pavan Sukhdev Punit Goenka R. S. Sodhi Ravi Kant S. Ramadorai Sanjeev Aga Shiv Visvanathan Shivakumar Thomas Mathew T. EDITED BY: Dr. M.G. PARAMESWARAN & KINJAL MEDH INDIA 2061 A LOOK AT THE FUTURE OF INDIA ARTICLES BY: AJIT BALAKRISHNAN DR. AJIT RANADE ANIL SARDANA ASHISH CHAUHAN AYAZ MEMON B. S. NAGESH DILEEP RANJEKAR DINESH KANABAR DORAB R. SOPARIWALA GEET SETHI HASIT JOSHIPURA MALINI V SHANKAR PAVAN SUKHDEV PUNIT GOENKA R. S. SODHI RAVI KANT S. RAMADORAI SANJEEV AGA SHIV VISVANATHAN SHIVAKUMAR THOMAS MATHEW T. EDITED BY: Dr. M.G. PARAMESWARAN KINJAL MEDH Copyright © Draftfcb+Ulka Group’s Cogito Consulting Th e views and opinions expressed in this book are those of the authors of the respective articles and do not necessarily refl ect the views and opinions held by Cogito Consulting. Th e brand names, company names and other material used in this book are the property of the concerned organizations which the respective contributors belong to. Copyright of individual articles also rests with respective individual authors. Methodology for compilation of data of Cogito Consulting’s report appears on page no. 194 of the book. Sources of information for the Cogito report appears in the Bibliography at the end of the book. All information in this book is verifi ed to the best of the editors’ ability. Cogito Consulting does not accept responsibility for any loss arising from reliance on it. All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior permission of the publishers. Acknowledgement Th is book is a collective eff ort of a large number of people who work at Draftfcb+Ulka Group. Th e fi rst report was produced by Asterii Analytics and Cogito Consulting, specifi c mention needs to be made of Samarth Wagh. Th e next phase was the compilation of the articles. A special thanks to the 21 contributors for their valuable time and inputs. We apologise to them if they got irritated with our follow-ups. Th e book that is in your hands was laid out and art directed by Mehul Patil of Draftfcb+Ulka. Printing and production control was done by Hemant Randive who was supported by his team members Pramod Chavan, Aditya Dighe and Vinayak Pange. Saket Agarwal of Cogito Consulting was the key anchor on this project and the book would not have come out without his continued eff ort and enthusiasm. He was supported by Sonam Jain. Lastly, the agency group Draftfcb+Ulka lent its support to self-publish the book as a commitment of the group to the larger national cause. This is probably a world first. We are proud to have been entrusted with this task. Dr. M.G. Parameswaran Kinjal Medh TABLE OF CONTENTS 1. Contributors 01 2. Introduction 05 PART I - Experts’ view of India in the future 1. Management Education by Ajit Balakrishnan 11 2. Indian Economy by Dr. Ajit Ranade 19 3. Power Sector by Anil Sardana 27 4. Capital Markets by Ashish Chauhan 36 5. Cricket by Ayaz Memon 44 6. Retail Challenges and Opportunities by B. S. Nagesh 51 7. School Education: Challenges and Opportunities by Dileep Ranjekar 60 8. Taxation and Fiscal Management by Dinesh Kanabar 70 9. States of the Nation by Dorab R. Sopariwala 76 10. Olympics and Other Sports by Geet Sethi 84 11. Healthcare Environment by Hasit Joshipura 92 12. Water Resources by Malini V Shankar 98 13. Ecology & the Environment by Pavan Sukhdev 107 14. Future of Television by Punit Goenka 120 15. Dairy Sector: Challenges and Opportunities by R. S. Sodhi 127 16. Automotive Market by Ravi Kant 140 17. Information Technology: Products & Services by S. Ramadorai 152 18. Telecom Sector by Sanjeev Aga 162 19. Society: Th e Future and All of Us by Shiv Visvanathan 170 20. Digital Landscape by Shivakumar 177 21. Life Insurance by Th omas Mathew T. 184 PART II - A data analytics view of India in the future Broad Methodology & Sources 194 1. Population 195 2. Urban & Rural India 201 3. Life Expectancy, Population Composition 205 4. Economy 208 5. Education 214 6. Infrastructure 218 7. Automobiles 222 8. Social Progress 226 9. Electricity 232 10. Internet & Computers 235 11. Media 238 12. Miscellaneous Data 243 13. Bibliography & References 247 PART III - About Draftfcb+Ulka Group 249 PART IV - Further Reading 254 Contributors Ajit Balakrishnan Ajit Balakrishnan is the founder and CEO of rediff .com, an internet company listed on the New York NASDAQ market. He is a graduate of IIM Calcutta where he also now serves as Chairman of the Board of Governors. He is currently Chairman of the Govt. of India, Ministry of IT Committee on Internet Governance and Proliferation and chaired a recent Committee appointed by India’s Ministry of Human Resource Development on ‘Research and Faculty Enhancement at the IIMs’. He is a member of the Central Advisory Board on Education. He is the author of the book ‘Th e Wave Rider - A Chronicle of the Information Age’ published by Macmillan. His blog is at blogs.rediff .com/ajitb. Dr. Ajit Ranade Dr. Ajit Ranade is Chief Economist with the Aditya Birla Group, a multinational conglomerate with a footprint in more than 25 countries. His career has spanned both academic and corporate assignments, and he is a regular contributor to the fi nancial press. He received the Distinguished Alumnus Award from IIT Bombay in 2009. Anil Sardana Anil Sardana is the Managing Director of Tata Power. Prior to this, he has served as Managing Director of Tata Teleservices. An award winning CEO, he is also a recipient of the Asia Power CEO Award in 2006 & India Energy CEO of 2012. Ashish Chauhan Ashish Chauhan is the current Managing Director & Chief Executive Offi cer of the Bombay Stock Exchange (BSE). He was a member of the core team that founded the NSE. He has also had distinguished stints with Reliance Industries Limited, Reliance Communications and served as the CEO of Mumbai Indians, a cricket team in the IPL in the initial phase. Ayaz Memon Ayaz Memon is one of the leading journalists in the country. In a 35-year career, he has edited newspapers like Mid-Day, Bombay Times and DNA, writes on politics, cinema and social issues but his abiding passion is cricket. B. S. Nagesh B. S. Nagesh is the founder of TRRAIN, a not-for-profi t initiative, working towards empowering people in Indian retail. Before this, he was involved in setting up Shoppers Stop and was the fi rst employee of the company. He was also the fi rst Asian to be nominated in the “World Retail Hall of Fame” in 2008. 1 Dileep Ranjekar Dileep Ranjekar is the founding CEO of Azim Premji Foundation and is passionate about social and human issues. Dinesh Kanabar Dinesh Kanabar is the Deputy CEO of KPMG’s operations in India. He specializes in corporate and international tax, tax litigation and transfer pricing matters. He has worked closely with the government on matters relating to tax policy, tax administration and related matters. Dorab R. Sopariwala Dorab Sopariwala is one of the country’s leading election analysts, someone who has watched India’s electoral process for over 25 years. Educated at the London School of Economics and the Imperial College of Science & Technology, he is Editorial Adviser to NDTV and Consultant with Draftfcb+Ulka and R&P Edelman. Geet Sethi Geet Sethi is a nine times world cue sports champion, founder of Olympic Gold Quest and author of ‘Success vs. Joy’, an inspirational book on mind control. He is also a motivational speaker, much in demand in corporate circles. Hasit Joshipura Hasit Joshipura is Senior Vice President South Asia & Managing Director, India of Glaxosmithkline Pharmaceuticals Ltd. Malini V Shankar A doctorate from IIT Madras and post graduate in Chemistry and in Forensic Science with a PG Diploma in Management, Malini Shankar is Principal Secretary, Water Resources Department of the Government of Maharashtra and has experience of over 28 years of working in government sector across various departments. She has also conducted several seminars and workshops in the water and sanitation sector across the globe. Pavan Sukhdev Pavan Sukhdev is a banker-turned-environmental-economist who led the UN’s ‘Green Economy Initiative’ & recently wrote ‘Corporation 2020: transforming today’s corporation for tomorrow’s world’. 2 Punit Goenka Punit Goenka is the Managing Director and CEO of Zee Entertainment Enterprises Ltd. Under his leadership, ZEE retained its ranking at the top in the M&E sector in India and the ZEE brand achieved global recognition. As a board member of the Indian Broadcasting Foundation, Punit played a vital role in the Industry’s shift towards digitization. R. S. Sodhi R. S. Sodhi, 53, Managing Director of Gujarat Cooperative Milk Marketing Federation Ltd., (GCMMF Ltd.), is a fi rst-batch alumnus from IRMA, Anand and obtained his B.E. (Ag) degree from CTAE, Udaipur. He joined GCMMF in the year 1982 directly from IRMA and rose to the present level of Managing Director in 2010. Shri Sodhi has 31 years of rich experience in Marketing and Sales function within the dairy industry, having served GCMMF in several capacities. He has been instrumental in taking brand ‘Amul’ to dizzying heights that it has scaled today, enabling GCMMF to retain its dominance in the Indian Food Industry.