Several Founders, Co-Founders, CXO Bankers, CXO Fintech professional & people who participated in the ePanel discussions:
- Mr. Taron Mohan, CEO & Promoter, NextGen Telesolutions Pvt Ltd
- Mr. Probir Roy, Co-founder, Paymate
- Mr. Manian KVS, President- Corporate & Investment Bank at Kotak Mahindra Bank
- Mr. Manish Khera, Founder & MD, Arth Impact (HAPPY)
- Mr. Nagaraj Mylandla, Chairman & Managing Director, FSS
- Mr. Sharad Goklani, CTO at Equitas Small Finance Bank
- Mr. Raghu Veer Dendukuri, Founder, Solution Architect, Invincible Tech System
- Mr. Ajay B Panicker, CEO & Founder, NetPay Limited
- Mr. Vikas R Panditrao, Co-Founder, Forum of Industry and Academic Knowledge Sharing (FIAKS)
- Many CEO/CXO Bankers & Fintech professionals and Founders on FIAKS Forum who participated in the discussions had requested to remain anonymous
FIAKS community thought leader shares his recent experience of how the Chinese are coming here in full swing leaving out the Taiwanese and the Koreans. He attended an EXPO at Greater NOIDA which was on Payment Systems Technology. Out of say 500 stalls in the exhibition, with no exaggeration, 490 were Chinese right from the microchips to even electronic cars and solar panels. The rest 7-8 were European. And the rest was the Indian entities. As per the latest data, even Bangladesh and now Nepal too have hitched the bandwagon. He exclaimed that he has never been ashamed so much in his life!’
So here rather forming an opinion about the situation being good or bad, it’s time to think who needs to do what, if we want to change the situation.
Let’s discuss the scenario in India;
- India is known more for its services than products. We have already lived our golden era in that respect, and services have played a significant role in getting our economy to where it is today.
- For India to become a power once again, we need to up our manufacturing strength. A pure service-based economy is very fragile and cannot sustain the size of the nation we are.
- And along with this comes our resources, skill training and employability – where we are at almost at the bottom of the ring amongst the developing countries. Eastern Europe has great tech resources who are dedicated to working, our employees come to work with an attitude to kill time. All this has to change if we are to become a USD 5 trillion economy.
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