by Satyajit Roy, for SecuritySkillsWorld.com. 24.09.2024

Gross Domestic Loss Prevention (GDLP) as the Alter Ego of Gross Domestic Production (GDP) of Bharat

Executive Summary

This proposal outlines the Security and Loss Prevention (S&LP) Framework designed to introduce a national-level strategy for Gross Domestic Loss Prevention (GDLP) in Bharat. The initiative seeks to minimize national losses across various sectors, including economic, social, environmental and national assets, with the goal of expanding Bharat’s GDP by preventing value subtractions. The proposal argues that the GLP framework can significantly enhance the country’s economic performance by addressing inefficiencies and preventing losses, contributing to Bharat’s long-term growth and its ambition to achieve Viksit Bharat 2047.

Key highlights of the proposal include:

• GLP vs. GDP. While GDP measures economic growth, it does not account for losses and inefficiencies that drag down economic performance. The GLP index is proposed as a counterpart to measure and mitigate these losses, helping expand GDP by an aspirational 1% or more when fully implemented.
• Security and Loss Prevention (S&LP) Framework. The proposed framework is aimed at preventing losses by creating a security-conscious society. This initiative will involve multiple stakeholders, including individuals, corporations, communities and government bodies, working together to proactively identify risks and disruptions thereby mitigate anticipated losses.
• Viksit Bharat Aspirational Development Goals. The framework aligns with Bharat’s vision of achieving Viksit Bharat @2047, also complementing the nation’s commitment to the United Nations Sustainable Development Goals (SDGs). By reducing losses, the GLP initiative will accelerate progress toward these long-term development goals.
• Recent Incidents and the Need for S&LP. The proposal emphasizes the importance of loss prevention by learning from recent incidents such as sabotage attempts on railway tracks and the unplanned release of excess water from the DVC reservoir, which caused immense damage. These examples illustrate the critical need for a proactive approach to citizen driven initiatives towards loss prevention.
• GLP Credits. A key feature of the framework is the introduction of GLP Credits, which would incentivize individuals, corporations and communities to participate in loss prevention efforts. Modeled after carbon credits, this system would reward proactive measures that contribute to national economic robustness and resilience.
• National-Level Implementation: The proposal includes a phased implementation timeline, with short-term (2024-2029) and long-term (2030-2047) milestones. It calls for the establishment of a dedicated S&LP Cell under the Ministry of Home Affairs (MHA), which will coordinate with various ministries, state governments and key stakeholders to ensure successful implementation.
• Technological Integration: The framework will leverage digital platforms, real-time monitoring systems and AI-driven analytics to enhance surveillance, risk detection and response. Collaboration between people, public and private sectors will be crucial in driving the technological backbone of the framework.
• Public Awareness and Participation: Central to the success of the S&LP framework is public involvement. The proposal outlines plans for national awareness campaigns and the establishment of public reporting mechanisms, encouraging citizens to actively participate in loss prevention.

S&LP Framework can bolster Bharat’s resolve to secure its infrastructure, prevent losses and enhance its economic resilience. This framework is not only crucial for achieving sustained GDP growth but also for safeguarding Bharat’s future as a global leader.

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