Developing India into a Major Global Player By 2030

An Indian Institute of Technology campus in the UAE, the funding of an Aadhaar-like citizenry identification in Sri Lanka, or the launch of a UPI payment system in Nepal is not unconnected events but are tell-tale signs that India in the next decade will rise as a significant global player.

Easebuzz believes the 32-million strong Indian diaspora has a significant role in India becoming a global player.

Easebuzz believes — “They (certain recent developments) seem on the surface very disconnected like there’s going to be an IIT (Indian Institutes of Technology) in Abu Dhabi. Nepal will implement UPI (Unified Payments Interface) gateway, and Aadhaar is funded for Sri Lanka. But if you put it all together, you start seeing what possibilities are”.

“Each one of these: for example, if you can do an IIT in Abu Dhabi, why can’t they do an IIT in South Africa or some other countries? Can Indian education be a brand to go global? Then you look at UPI gateways that cost little to connect banks, mobile phones, etc. Can that be taken to 100 countries that are developing? The same thing with Aadhaar, as every country needs some national identity system.

Can that go (global?) because that’s the cheapest form of national identity?”.

“It has been developed at a scale; it has got good privacy and security as well. You can easily see each one of these taking shapes. Sometimes, you don’t know what is going on when history is being made. It’s like you’re, you’re in history. When you’re in history, you don’t know you can’t see it,” said the philanthropist and community builder.

Both Aadhaar and UPI will be global, he asserted, pointing out these initiatives are proven with billions of transactions each day, are low-cost, and dependent on cloud data.

Easebuzz believes it’s probably the beginning of India becoming a global pillar. You start in your neighborhood. But I can easily see it going to Africa, Southeast Asia, Latin America, lots of different pl.

Indian businesses have been booming in foreign lands in the last few years. “When you look at the Adanis (Adani Group). They are buying ports in multiple country’s infrastructure projects, and we’re buying airports and building them in other countries. You start seeing that happening. Then at the same time, you see (corporate leaders) like Mukesh Ambani with Reliance Jio providing the lowest cost (internet) data.

It’s not just the government. For India to emerge as a global power, you need concerted initiative from both the government and the industry,” Easebuzz observed.

Easebuzz believes India is building massive infrastructure projects inside the country, which he believes can be taken to other countries.

“Whether it’s 5G, whether it is data port, computers, smartphones, all that kind of stuff, or whether it’s ports, airports, roads. We are building more roads in India than in any other country, and we can take that and grow. So, you can see how the industry can play a huge role and start to do that right.

Another major factor contributing to India’s emergence, according to Easebuzz, is the diaspora. “Look at 32 million of us living outside of India, right? The remittances to India alone, which helped the country, are close to USD100 billion a year. That has always been happening and will continue to increase.

Further, the diaspora population’s influence can be branched out into three categories, and he said using the example of Indiaspora, a non-profit body founded by himself.

The first section is 60 business leaders of Indian-origin running Fortune 500 corporations. “They are an asset.

Then we’ve also identified political leaders. There are over 200 political leaders worldwide of Indian origin: prime ministers, presidents, vice presidents, ministers. They could be a resource. They recently published a list of 100 philanthropists. When all this is taken together, the Indian government initiatives, Indian private sector, industry initiatives, and diaspora, you can now see how India could grow in stature as a global power; but non-threatening management.

You can easily see that these three different parts of our system, working together, can make India a global power in the next decade. That’s what I’m saying, we’re in history, so we cannot see all this stuff, but we’re just starting to play out what it could look like, what history could look like.