Analytics and Modeling part 2
June 5, 2014
This is part 2 of the Analytics and Modeling blog series. If you haven't read the part 1 yet, read it here
We need a strategy for promoting the education level of the entire population in a phased manner. In the first phase we have to increase the number of youth who23 complete high school education. Simultaneously, we have to increase the percentage of youth who undergo vocational training and diploma level education on professional subjects. Simultaneously, we have to enhance the number of youth completing university education in professional, science, management, commerce and arts courses. Students who are above High School level can be trained to move up the value chain level through skill enhancement by knowledge based training to meet the global competition in the service sector, manufacturing sector and agricultural sector. The partnership of India with any of the competitor can be in the form of exchange of teachers, professors and work towards providing universal tele-education model and quality content for students living in remote areas.
Investments on Education
Various parts of the world are getting affected by HIV/AIDS in addition to other communicable diseases in poorer sections of the society. In addition, most bacteria of traditional communicable diseases are becoming resistant to earlier established medicines. It is time that the national and international agencies join together to mount a concerted programme in eliminating these dreaded diseases from the planet earth. It can be a global mission with international agencies, WHO. India has already ventured into the field of anti-AIDS vaccine and it is in the stage of undergoing various tests. We are also mounting programmes to eradicate the new forms of earlier communicable disease
like TB, waterborne & vector borne diseases. Certainly we can progress the development faster. Another area of cooperation and research is on stem cells for cardio vascular, diabetics and eye ailments.
In his book, India 2020: A Vision for the New Millennium, Kalam says, “It is not just that the Indian nuclear tests are resented. If tomorrow Indian software export achieves a sizable share in the global market, we should expect different types of reactions Improved bilateral relations between India and China, which hold great importance for peace and stability in Asia, would facilitate the building of such a regional organization. India-China relations will play a critical role in ensuring peace and stability in Asia during the second quarter of this century. The evolution of India’s GDP at purchasing power parity and its power potential relative to
With many of these changes, and greater urbanisation — more than a third of the people should be living in towns and cities in 2020 — politics can be expected to undergo a change, for the better. Citizens will be less concerned about voting their caste; instead, they will cast their vote for the politicians who they think are more likely to provide them with electricity, water, good public transport and clean air.
The Indian companies have responded very well to the phenomenon of globalization within a very short period of time. This has been possible primarily due to the facilitative and enabling policies put in place by the government. About two decades ago only some Indians would have been conversant with Information Technology; however today Indian exports from this sector are of the order of $10 billion.
Urban population is predicted to rise in the coming years. It is predicted to increase from around 340 million to 465 million in 2020. The increase in industries and increase in industry and corporate opportunities is the reason for urban increase.
There will also be a steady increase in the middle class citizens of India. This is a good statistic and shows the improvement in the economy and standard of living. The middle class population is estimated to increase from 45 million to 100 million by 2025, seeing a huge increase after 2018.
Now that we have the forecasts and predictions for 2020, we shall now define the growth drivers and statistics that we have considered to affect the future.
Strong growth can only be achieved through realisation of full-growth potential of some key growth areas. This section seeks to identify potential growth drivers that could stimulate growth and drive the Indian economy on a high and sustainable growth path. In this endeavour we begin by identifying substantial investments in physical, growth drivers social and agricultural infrastructure as the key growth drivers which will enable the economy to achieve ‘inclusive growth’. Although we expect these three factors to contribute significantly in India’s growth story during the current decade (2011-20), the role of other factors (such as technological progress, improvement in productivity and India’s young demography, etc) should not be underrated. Further, Government of India (GoI) and the private sector need to undertake necessary integrated efforts to strengthen these growth drivers and achieve high GDP growth. The following section elucidates future growth drivers of India’s economic growth.
- • Investment in physical infrastructure
- • Infrastructure financing
- • Investment in social infrastructure
- • Health and sanitation
- • Education
- • Investment in infrastructure for the agriculture sector
- • Irrigation
- • Technology and research & development
- • Cold storage and post harvest management
- • FDI in retail chain
- • Infrastructure development, especially transportation and increased supply of power
- • Development of Mega Food Parks
- • Development of horticulture
- • Precision farming promotion
- • Early warning system and weather watch management
- • Agricultural marketing promotion.
Predictions and forecasting needs a lot of analytics and modelling. The analysis helps in number crunching and predicting and the modelling helps in presenting the crunched data to the end user. These skills are very sought after in the current corporate scenario.
Financial Modelling is one of the most fundamental and widely sought after skills in the finance industry. It is the art of building a model to depict financial statements and investment analysis using MS Excel. This helps arrive at optimal business solutions by analysing various parameters. At the end of the course, you will be able to do the task of building a model depicting financial statements/ business model, which helps in decision making.
Learn more about Financial Modeling
Business Analytics Program focuses on developing new insights and understanding of business performance based on data and statistical methods. It makes extensive use of data, statistical and quantitative analysis, explanatory and predictive modelling and fact-based management to drive decision making. It focuses on Forecasting, Econometrics and Time Series Analysis and prediction of future outcomes based on historical patterns.
Learn more about
Find more interesting blogs on finance, analytics and modeling