The Industrial revolution was largely possible with cheap and amply available low cost energy, esp fossil (coal and oil). Oil costing less than a dollar a barrel in the 1960′s. Now it touches $100+, and shortly will go up to $150-200/barrel. Besides global warming and water shortages loom ahead.
India, like many other developing countries is rushing into rapid industrialization and urbanization. Which takes time. So probably by when we do reach their, oil will be $200/barrel and global warming would be a global challenge.

India also has over 700M young people who will work for the next 25-60 years. Potentially the largest manpower resource, in the world.
I and like minded people are looking at Global resource Planning (GRP), similar to ERP (Enterprise resource Planning for corporates), to optimize the use of resources globally. This can make cost effective use of Indian man-power, for the whole globe. So extensive offshore of tasks can be done. This will generate a LARGE market for the products, ideas etc from the rest of the world. Utilizing global resources equitably.

For that we are looking at global partnerships (cooperation at a village/community level, NGO etc, NOT govt to govt), for cooperative working. Our strategy is to create awareness, then education and training of our bright Class 8 students in IT, eLearning, and appropriate technology (for decentralized economy), and help them become the change agents for their respective villages, and further the spread thru distance eLearning, into relevant areas.Add to that VRP (Village Resource Planning), systems, foe local governance. Increase agri productivity, thru aquaponics to re-cycle water, no need for chemical fertlisers and pesticides, and thru solar energy based CSP (concentrating solar power), generate electricity for local use, for light loads, like lighting, computers etc gadgets. use the waste heat for HVAC, using the absorption refrig cycle. Use computers for tele-health and consulting. As people grow, get experience, train them in BPO work for Indian business/industry. Much like India Inc., is currently doing work for global economies. Therebu giving a flip to the productivity of the Indian economy, and rural employment. Without the disruption of rural to urban migration.

A decentralised, empowered economy, using Gandhi ji’s concepts, only instead of his advocacy of a Charkha, for weaving and cloth making, use the computer and Internet for Hi-tech work, education, learning and Health care.