CONSOLIDATION OF GEO-POLITICS AND GEO-ECONOMICS CAN GUARANTEE IMPROVED QUALITY OF LIFE

SBI is going to consolidate by merging with  other PSU banks to make a larger entity. This will create a giant in Indian banking system while the smaller banks' operating efficiency will be increased manifold. The bigger entity will have huge financial prowess, increased geographical presence, a ocean of skilled bankers with a negotiating power a level above. 

This process can be replicated in global geo-politics. In Asia, we can have two power centers India and China after merger of the countries free to choose their power side. For example, Afghanistan, Srilanka, Nepal, Bhutan, Bangladesh, Vietnam, Philippines, Japan may consider to merge with Indian side whereas South Korea, North Korea, Mongolia, Kazakhstan, Uzbekistan, Pakistan etc. may consider to join China side with a common Central government on each side. Each power center should sign a 5-10 year treaty among its member countries to be within the selected side for massive progress. The power center should act like a sovereign country with common Central bank, free trade across borders including ocean, central defense system, pro-active democracy, centralized education and research system etc. I know there are huge challenge in maintaining different flowers in a single garland. But, if it is success, it will massively upgrade the quality of common people's life of each power center with increased negotiating power in the global trade.

This is a step ahead of the present entities like European union, ASEAN etc. which are formed to make the regional systems more efficient. 

This practice can be replicated in other continents after testing a initial success. 

Enriching the Indian EconomicThink Tank is the need of the hour

I was tracking the news of the announcing of new RBI governor this time as as every other business geeks. A star in the system was replaced and the system will continue to be in safe hands. 

But is it enough to fill the existing void spaces to run the show?? Absolutely not. First, the country deserve to have a defined Mission and Vision statement with a quantified success target with a deadline. For example, The per capita income (nominal) of the country will be 8000 in 2020, the contribution of green energy will be 40% of the total energy produced in 2020, to come up with pilot less fighter jet by 2025, so on.

The stars who are being replaced like Dr. Rajan, should be engaged in advisory or executive roles directly working with the policy making. We just can not afford to loose them. Efforts should be in line to attract top talents in finance and economics world over to India and building a galaxy which will lead to a ray of greater success the world has ever realized. 

The country should run like a corporate structure with a defined mission and vision, distinct and effective roles of Marketing, Finance and Economics, Operations, a clear road map with actions to be recorded, updated and analyzed continuously.