Wednesday, December 26, 2007

India ahead
Last week, I had some work at Allahabad Bank. I hit the website and was glad to see a feature "Locate a Branch"- I located the required branch and called the phone #, no response ! I called another branch an office picked and helped me with the contact number. I wanted to give the feedback on Bank' site and it came back with a broken page-not a good sign !

I got to the bank (took an hour to get to bank-7 Kms an hour?) got done with the transaction and the officer was discussing the plight of Indian infrastructure and how it is impacting their business-his thoughts.

His questions were, when would we have china like infrastructure, when would we have Institutional framework like US- basically- when would we be like some one else- and answer was probably NEVER! definitely not in the life time of most of the late 1900's.

How would India Grow?
  • By 2030, close to 20% of the world's population would be in India- the center of gravity is slowly towards the populous India- marketers cannot ignore India-simply because of the numbers
  • India is getting less poor- the great Indian middle class is growing- I was talking to one of my friends and the following discussion came-up-" as kids it was a dream to start a life-style that dad's have provided with before their retirement-but most of us start a life style that is slightly above where dad's have ended (don't blame your dad- he gave the best life style possible, praise the liberalization march that is taking us forward)
  • The private-public partnerships,the organized charity and innovations in education/health care/micro-finance to help the weaker India is in the best interest of stronger India- taken a collective look at all these efforts, these micro-events are all set to create history;
  • The concept of gurukulams in AP to empower the rural youth to be employable is an example of innovation. The increasing shares of credit industry(remember a time? when debt was BAD, but for the poor who had no option but loan for survival, today loans are an indication of confidence in tomorrow)
  • Most of the MNCs stopped asking whether it is India or China? it is now India AND china-- that speaks of our road ahead

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