Unlike many other historical cities that have been reduced to small towns, hamlets and ruins in the modern age, Chennai still remains a "city" and a major regional hub of commerce. However, it is a concerning fact that it has failed to achieve the progress it should have and its city ranking has sunk in the past few decades. Not only has it failed to attract new domestic and foreign investments, but it has also failed to capitalize on its inherent strengths.
Though there is no dearth of talent in Chennai, thanks to the Engineering and Science colleges in the city, it has not been able to retain the pool of qualified professionals. During the years following the Information Technology boom that swept across the country, the city saw an exodus of professionals to other urban centers, such as Chennai, Bangalore and Mumbai, which offered them better opportunities.
Many blame the state government for limiting industrial development to northern Tamil Nadu, Chennai and its adjacent districts in particular, and cite this as the reason southern Tamil Nadu is industrially underdeveloped. While this claim may not be totally invalid, the main reason Chennai is industrially underdeveloped lies in the fact that there is a definite lack of initiative and poor self-esteem amongst the local populace. The elite and professionals who ought to guide their fellow citizens into the new economy shrug away from their responsibilities, and worse, move to other cities looking for greener pastures and settle down there.
I shall talk about the problems and strengths I think Chennai has....
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