Investing in Human Capital: A Nation-First Approach

As India embarks on its 77th Independence Day, it is time for India Inc. to ponder the meaningful concept of 'Nation-First Approach'. I would like to emphasize that this thought is not only a slogan, but also a way of thinking that aims to promote a nation's economic welfare. It echoes the implicit spirit of investing in a nation's indispensable asset,?human?capital. As a result, India will be able to experience harmonious growth and prosperity in the future.

India has a distinctive advantage in its young demographic, with half of its 1.3 billion population below 25 and a quarter below 14. They are the leaders of tomorrow and the engines of economic growth. The nation-first approach is applied to every socio-economic decision to further strengthen the nation's unity and integrity. In turn, such concerted efforts will contribute to the collective well-being of the country.

Empowering citizens is an effective way to reinforce the 'Nation-First' attitude. In order to address demographics at every level of the pyramid, e.g., from the grassroots to the top, stakeholders must formulate a unified strategy. It is crucial for India to invest in enabling the basic?human?rights of education, housing, food, clothing, and health in order to develop a resilient and productive workforce.

Furthermore, I believe that relative investment in raising citizens' Happiness Quotients is just as critical as accelerating economic growth. Creating a balanced index that measures Gross Domestic Product and Gross National Happiness is essential to gauging a nation's true development and well-being.

Using GNH scores and GDP growth rates while devising structural policies, regulatory frameworks, and tax structures can ensure our citizens' holistic well-being and happiness. India can embrace a holistic happiness index that can lead to inclusive and sustainable growth.

However, no discussion of national growth and development can be complete without addressing the significance of research and development (R&D). A 'Nation-First' approach demands substantial investment in R&D across various sectors. Research and innovation drive advancements in science, technology, healthcare, and industry. By fostering an environment conducive to R&D, India positions itself as a global leader in innovation, consequently improving the quality of life for its citizens.

'Nation-First Approach' is a roadmap for steering India toward a brighter future. By investing in?human?capital, addressing demographic challenges, prioritizing citizen empowerment, and integrating both economic growth and well-being measures, India is poised to unlock a new era of harmonious growth and prosperity. Embracing research and development as a pivotal pillar further solidifies this approach, propelling the nation to excel on the global stage

May the nation always prosper and develop,?

May it become prosperous and renowned through knowledge.

May self-sufficiency always reside among the people,?

May it be for the greater good of all.

?- Dr.Niranjan Hiranandani