In one of my earlier blogs, I mentioned 3 E's - Energy, Education and Exposure. I would like to shift my approach a little bit in this blog. We probably need H2E's - Healthcare, Education and Energy. Exposure should happen as part operations.
I have observed the average life span of people in developed countries and it astonishes me when I compare the same to that of in India. US and UK have been able to achieve this through consistently advanced programs of healthcare, good food and exercise. I think this is one of the fundamental elements that we are missing for the large population in India.
I recently learnt about the factors of production, productivity and how this relates to the GDP of a nation. A healthy workforce, empowered with right kind of education and abundant resources of energy can create wonders. I think enough has been said and done in technology to jumpstart that sector. Many people understand now how technology can change life. Many people understand how my H2E's can also change life of a nation, however, there are not enough wealth creation opportunities yet.
John Doer keeps saying Education and Healthcare sectors in the US need urgent attention. These two sectors suffer from two different problems. Healthcare is dominated by complexity of FDA, R&D and power of few providers. Whereas education is suffering from its own bureaucracy. Both have high entry barriers to innovation (there by high entry barriers to entrepreneurs).
However, it is a different scenario in India. Both education and healthcare segments are wide open and not so much controlled by the government yet. Education sector is somewhat controlled by the state governments, however there are enough opportunities for innovation.
Indian entrepreneurs must look into these segments, which can make us leap orbits and make a Great Indian Dream come true.
Friday, January 18, 2008
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