A Modest Proposal

858 Words2 Pages

1. Introduction
In the year 2016, the size of the market for big data analytics in India was two billion USD and it is expected to grow approximately by eight times to reach around sixteen billion USD by the year 2025, as per the National Association of Software and Services Companies (NASSCOM)1. India currently ranks among the top ten big data analytics market of the world1. According to Mr. K. S. Viswanathan, Vice President, NASSCOM, the big data sector in India is expected to grow at a Compounded Annual Growth Rate (CAGR) of twenty six percent over the next five years and it will have a thirty two percent share in the global market2. He also said that big data analytics sector is witnessing a rapid growth driven by increased demand for cloud based …show more content…

The grim situation of Indian healthcare can be understood from the fact that total expenditure on health as a percentage of Gross Domestic Product (GDP) have been around 4.7 percent in India compared to 5.7 percent in Kenya, 8.2 percent in Afghanistan, 8.3 percent in Brazil, 11.1 percent in Cuba and 11.9 percent in a country like Sweden which is high in Human Development Index (HDI) indicators 3. Education is one of those sectors in India which requires immediate, systematic and continuous reform measures aided by robust policies for which mechanisms need to be created which will harness the knowledge and skill of Indian population and channelize it in the right direction to have a positive multiplier effect on all other sectors. India, still not have been able to utilize the rich demographic dividend that it enjoys in terms of the population of its youth and if timely attention is not provided to creation of efficient eco-system of education and skill development institutions, this demographic dividend may turn into a demographic disaster. India is now the third largest economy in the world in terms of Purchasing Power Parity (PPP) but still a lot needs to be done to improve the scenario of

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