Whalesbook
Kyun di hai RBI Governor ne yeh warning?
Duniya bhar mein badal rahe halaat ko dekhte hue, Shaktikanta Das ne India Inc. ke liye 7 bade strategies bataye hain. Goal ye hai ki India global level pe strong rahe aur lambi race mein tik sake. Ismein balance sheets ko sudharna, supply chains ko spread karna, workers ko train karna, aur sabse important, Research & Development (R&D) mein zyada paisa lagana shamil hai.
Market Scene Aur Global Risks Kaun?
Yeh sab tab ho raha hai jab Nifty 50 index ka P/E ratio 21.00 ke aas paas chal raha hai. Stock market mein thoda slow trend dikh raha hai. Pichle saal 2025 mein US tariffs 50% tak badhne se kuch sectors mein export orders 20% se 40% tak gir gaye the. Lekin achhi baat ye hai ki FY 2024-25 mein India ka export record $825.25 billion pahunch gaya. Phir bhi, West Asia mein chal rahi jang jaise global uncertainties ke karan India ki GDP growth FY27 tak 6.8% rah sakti hai. December 2025 tak India ka international assets-to-liabilities ratio 82.1% ho gaya tha, par 2025-26 mein foreign investment thoda kam hua, jo caution ka sign hai.
Innovation Aur Skills Ka Gap Hai Bada!
Government poori koshish kar rahi hai business conditions, skills aur tech access ko behtar banane ki. Lekin R&D mein India ka kharcha bahut kam hai. India ka Gross Expenditure on R&D (GERD) GDP ka sirf 0.64% hai, jabki US jaise desh 3% aur China 2.4% tak kharch karte hain. India ki top companies ne 2021 mein apne profit ka sirf 2% R&D pe lagaya, wahi bahar 29% se 55% tak lagate hain. Isse advanced manufacturing mein dikkat aati hai aur hum low-tech production pe hi focus kar paate hain. Dusra bada challenge hai AI aur automation ke liye workforce ko naya skill sikhana. Estimate hai ki 2027 tak 1 million se bhi zyada skilled AI professionals ki kami hogi, jitni koshish ho rahi hai uske bawajood. China ne R&D se high-tech sectors mein entry maari hai, jo future growth ke liye bahot zaruri hai.
Execution Mein Kahan Mushkilein Aayengi?
Strategy ko ground par utarna ek bada kaam hai. Private sector R&D spending kam hona ek main point hai. 2025-26 budget mein government focus kar rahi hai, par R&D ka zyada tar kharcha public funding se ho raha hai, private commitment kam hai. Global average R&D spending 1.5% GDP hai, jabki India ka 0.3% hai. AI talent ki kami bhi ek bada risk hai; 2027 tak AI professionals ki demand lagbhag double ho jayegi, jisse 1 million se zyada workers ki shortfall ho sakti hai digital transformation ke liye. Pichle 2025 mein US tariffs ne labor-intensive sectors ko hurt kiya tha, jisse export orders aur jobs kam hue. "National Manufacturing Mission" jaise government schemes hain, par unka resilience par overall impact uncertain hai. Rupee ki volatility bhi ek issue hai; 2025 ke end tak rupee 90 ke aas paas pahunch gaya tha dollar ke muqable, jisse trade karne wali companies ko dikat ho sakti hai.
Aage Ka Kya Plan Hai?
Ab focus policy goals ko actual business actions mein badalne par hoga. India Inc. ko mazbooti badhane, finances strong karne, aur innovation aur workforce skills mein invest karna bahut zaruri hai. PLI scheme aur PM Gati Shakti jaise government programs manufacturing aur global integration ko boost kar rahe hain. World Bank ka kehna hai ki skills aur institutions mein public support, tariffs ya subsidies se zyada lasting fayda deta hai. Jab tak global growth uncertain hai, India ka private R&D ko encourage karna aur workforce ko AI future ke liye train karna hi uski long-term competitiveness aur naye opportunities pakadne ki ability decide karega.