After 64 years of independence, challenges lie ahead of India

Sixty-four years after independence, the baggage of colonialism, the socialist experiment and the 'Hindu' rate of growth is well and truly behind us. What lie ahead are great opportunities and challenges in equal measure. 

In an interview to CNBC, Dr. Amit Mitra of FICCI highlighted a few key challenges. One of the most important issues is primary education. Also, we need to look at agricultural productivity and supply chain efficiency. About 40% of food produce is wasted. That is unacceptable. On the growth front, we need two things. First is 'capital formation' - the channeling of savings to capital goods. Second is developing indigenous technology instead of always depending on imports. Of course, inclusive and better quality education right from the primarily level is a must. We agree. The need of the hour is systemic changes that increase India's ability to create further 'growth' capacity.