[ via Rajesh Jain ]

When an Indian-born economist from Berkeley – Atanu Dey – first wrote about coming back to India to implement his RISC model, I was excited. After a few months of sweat and grime, the movement has started taking shape. This week, its online presence was launched at Deeshaa.com :

Deeshaa Ventures aims to implement an innovative economic model called RISC – Rural Infrastructure & Services Commons – which has the potential for catalysing sustainable economic growth by addressing the primary causes of low economic growth.

 

 

RISC has the potential to # increase India’s GDP growth rate by around 1 percentage point # add about Rs.20,000 crores annually to India’s GDP # directly raise the incomes of around 70 million Indians

 

 

RISC is designed to coordinate the activities of a host of entities – commercial, governmental, NGO’s. It synchronizes investment decisions so as to reduce risk. It essentially acts as a catalyst that starts off a virtuous cycle of introducing efficient modern technology to improve productivity that increases incomes and thus the ability of users to pay for the services, and so on. It creates a mechanism that reduces transaction costs and therefore improves the functions of markets.

Here’s a cause I’d love to be associated with. And it augurs well for the future of this nation !