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.