3 Things India Needs to Learn from the USA
The United States of America has established itself as the world leader since the end of the last century. Their growth has been unprecedented in terms of industry, infrastructure, and businesses. Their culture has also molded and influenced cultures worldwide; India, too, has felt the tremors of their development. The world was left astounded as to how fast they recovered from the tragic events of 9/11.
But India, despite being a third-world country, is catching up and how. We are the fifth-strongest economy in the world. In terms of unicorns, we are in third position globally. Our businesses, too, have boomed since the last decade. So it’s always best to see the one ahead and take notes on what we could do better. Here are three things we can learn from the USA.
1. Education
With the New Education Policy of 2020, we see the changes that could make our education system viable and more fruitful. Previously, you needed to go through a few essential degrees to start working, and choosing your favorite areas took a lot of work. But when we look at USA classrooms, we see a considerable difference. They focus on critical thinking and analysis from an early age. Thus, by the time the children get ready for college they are fully armed to go all in with their already rational mindset. This, in turn, produces students who excel at experimentation; thus, research and development (R&D) has consistently remained the cornerstone of the United States.
Until very recently in India, the educational system required students to study the same subjects from class 1 to class 10, allowing them to choose their preferred academic stream only during high school. But there’s also a loophole — you must select between a set of combinations. So even if someone did not want to learn about history, they would have to because they have opted for the liberal arts degree. Encouraging students to think independently and fostering an environment that promotes innovation can help India in developing a skilled workforce capable of tackling complex challenges
2. Infrastructure developments
Our Road, Transport, and Highways Minister of India — Nitin Gadkari himself, looks up to the USA for its smooth roads and excellent infrastructure. As we know, infrastructure is the root of all development in a country. When you have excellent connectivity throughout the country, and each city is connected, the economy will grow. It also affects the employment rate.
India should not just focus on metro cities and tier I cities. It should also focus on the suburban, tier II, and tier III cities. Once you bring all of the categories under the umbrella of progress and innovation, it will help the growth of the entire country. Furthermore, India can adopt the USA’s approach to digital infrastructure development. The USA’s successful implementation of public-private partnerships can serve as a model for India to attract private investment and expertise in infrastructure development projects.
3. Business mindset
The key factors India can learn from the USA to promote entrepreneurship are simplifying bureaucratic processes, reducing regulatory hurdles, and making access to capital easier. The USA’s strong culture of entrepreneurship has led to the emergence of several successful global companies, and India can create a similar ecosystem that nurtures and supports aspiring entrepreneurs.
In terms of the number of entrepreneurs, we are there, but we need to improve it. We also need to aspire to create corporate giants like Amazon, Walmart, Apple, and JP Morgan, among others.
India has much to gain by learning from the United States’ experiences and achievements. By incorporating these aspects India can pave the way for inclusive growth and unleash its true potential globally.
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