The present state of affairs indicates that India will continue to be a reservoir of talent for other countries to power their growth, than the global innovation powerhouse that it aspires to be.
The possibility of situation worsening can not be ruled out. However, it would be counter-productive to create panic by speculating only worst case scenario.
While earthquake resistant buildings and safety of dams and nuclear plants are important, orderly public behaviour under stress, as demonstrated by the Japanese people, is also vital.
The Prefectures affected the most are Iwate, Miyagi, Fukushima and Ibaraki, which represent about 7 per cent of Japan’s economy and house steel plants, oil refineries, nuclear power plants and factories manufacturing parts for cars and electronic goods.
