No, this post is not about “India Today” the well-known magazine nor have I or anything to do with me featured in it. Recent events have compelled me to, what in the old days would have been called, put pen to paper or bang out on the keyboard, some thoughts on the state of India today. I usually stay away from writing about politics but we are heading towards a terrible mess, and I have to add my two bits to the conversation. Continue reading »
* A GDP of around $ 3 trillion
* The 8th largest economy in the world
* 400 people per sq.km
These and more are what T.N. Ninan sees India being in 2020- a decade from now. To readers in India, T.N.Ninan needs no introduction. He was the Editor of the Economic Times and is today the Editor & Publisher of the Business Standard.
India stands transformed in many ways from the times when I grew up here as a kid. The present generation in India might actually be astonished to know that in the 1950s and 1960s, India was perpetually short on food grains. Starvation and hunger were real threats and many lost their lives.
Like every other country in these exciting and demanding times, India too is changing and changing fast. But with economic prosperity comes the danger of burn out or working yourself to illness or worse still- death. A recent report from the Associated Chambers of Commerce & Industry in India ( ASSOCHAM) says work related ailments like heart disease, strokes and diabetes will cost India as much as $ 160 billion between 2009 and 2015.
The headlines said it all. The Tatas had delivered on their promise. India’s car for the future, the Tata Nano had been announced earlier creating a huge swell of expectations in Indian industry. Yesterday, at a major launch event in Mumbai, Ratan Tata, Chairman of the Tata Group announced that bookings were being thrown open for the car which could well change the lives of millions of people.
Many books are released in India these days. Some good, some bad, others indifferent. Few of them have received as much publicity as Nandan Nilekani’s “Imagining India”. The expectations of the book were very high- particularly considering the profile of the author. After all, he is the Co-Founder and Co-Chairman of Infosys, one of India’s largest IT companies. Continue reading »
Who do you think were the top in the list of Most Coveted Recruiters for MBA students in India? In keeping with the times, investment banks are no longer major favourites for employment for MBAs from India’s leading business schools says a recent survey. The Economic Times quotes a survey by Teamlease, Synovate and MBA Universe as saying that Lehman Brothers (ranked 4 last year) and J P Morgan (ranked 11 last year) do not at all now appear in the list of Top 25 Most Coveted Recruiters for 2008.
Inflation is hitting the Indian economy and hitting it hard. Recent reports suggest that the rate of inflation has gone up even further and touched 12.63 % for the week ended August 9. This is the highest in the last 13 years. What is amazing is that inflation was only around 4.3 % a year ago! We are speaking of a three fold increase in such a short period.
With this kind of increase, somethings had to be hit- one of them is salary hikes in corporate India for 2009.