Diaspora's Role in AatmaNirbhar Bharat
Diaspora's Role in AatmaNirbhar Bharat
In the post-COVID-19 world, there is an increasing emphasis on digital literacy, adaptability, and interdisciplinary knowledge. Skills such as critical thinking, communication, and technology proficiency are becoming essential to navigate the changing job landscape. Prof. Ajay Kapoor highlights the need for continuous learning and skill updates to stay relevant as industries evolve .
The Indian diaspora plays a key role in strengthening Australia-India bilateral business and trade by acting as cultural and economic bridges. They facilitate easier communication, improve mutual understanding, and leverage their positions in both countries to encourage investments and trade partnerships. Their involvement helps address business challenges such as regulatory differences and cultural nuances, thus enhancing the ease of doing business .
Ayurveda and alternate therapies can play a significant role in enhancing both physical and mental well-being as the world transitions to a post-COVID-19 reality. These systems focus on holistic health approaches that can strengthen immune systems, aid in mental health recovery, and promote overall wellness, aligning with the increased global interest in preventive health measures .
Technology and innovation from the UK can accelerate India's AatmaNirbhar Bharat mission through co-creation, co-development, and cooperative manufacturing initiatives. By leveraging UK's advanced technology and aligning it with India's manufacturing goals, the two countries can enhance industrial capabilities and foster innovation, making India a global manufacturing hub .
Diaspora entrepreneurs can leverage their expertise and networks to crowd in foreign direct investment (FDI) into India, especially in the manufacturing sector, as an alternative to East Asia. Their leadership in the financial sector can help attract investment by promoting India's business potential, facilitating smoother transactions, and supporting policy-making that favors investment .
Re-imagined healthcare systems post-COVID-19 can enhance international relations by fostering collaboration in health technology, shared research, and global health governance. Collaborative efforts can lead to improved pandemic responses, better-prepared health infrastructures, and stronger diplomatic ties as countries work together to tackle global health challenges .
The Indian diaspora has significantly contributed to the success of the Indian IT industry by providing technical expertise, fostering global networks, and advocating for India's capabilities in technology on the international stage. Their involvement in policy discourse and decision-making has also helped create a business-friendly environment for IT growth in India .
The Indian diaspora in the United States plays a crucial role in lobbying for Indian interests by utilizing their significant socio-economic influence and engaging with policymakers. Through advocacy, cultural enrichment, and political engagement, they work to shape policies that are beneficial to India and promote bilateral cooperation between the two nations .
Australia has traditionally preferred investments in Asia, but India's focus on infrastructure and 'Make in India' initiatives presents new opportunities. The Indian diaspora can facilitate these by promoting India's investment potential and mitigating perceived risks. They can serve as trusted advisors who align Australian investors with suitable Indian partners, thus strengthening bilateral trade and economic ties .
By leading the shift of manufacturing from East Asia to India, diaspora entrepreneurs could boost India's economy through job creation, increase domestic production capabilities, enhance global supply chain integration, and support the 'Make in India' initiative. These changes can also lead to technological advancements and a stronger international brand image for India .