Vietnam’s manufactured exports increased 25% last year to reach $304 bn. India, with 12 times its population, saw its exports decline slightly to $323bn while Guangdong, China’s most industrialised province with 113 million people, boasted 2019 exports of $444 bn We need to act.

The first step is to recognise and believe that entrepreneurship and business creates jobs and national wealth and is welcome . We are still struggling with the ghosts of socialism ... First we need to exorcise the ghost .. China did so a long time ago

Next we need to all be on the same side of the table . Genuine two way dialogue needed rather than govt assuming that it knows all the answers .. Also establish trust

Moderate taxes and duties and focus on creating clusters of excellence with full value chain. Our strength is human capital . We are deficient in raw material costs, infrastructure, and cost of capital . Focus on strengths and reduce the gap on weaknesses .

Also like private companies balance revenue and costs , time for govt to focus on cost (salary) reduction rather than increase taxes .. target 10 percent salary cost reduction in govt every year for next five years .

All exporting companies should get access to capital at global interest rates . We have over 500 billion in foreign exchange reserves which can be deployed for prudent project funding ...