India Economy

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Magic Makes The Math Work: Your Product Is Your Business Model

We recently came across a question that asked if an entrepreneur should focus on their product or business model. At first glance, it seemed to be a very "chicken or egg” kind of question. However, after thinking about this for a while it became apparent that the product and business model are not distinct aspects of a company, but share a Yin and Yang relationship.
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Acche Din (And Raat) Have Dawned For The Retail Industry

In a major announcement that promises to revolutionize India's retail industry and improve "ease of doing business", the Modi government has cleared the Model Shops and Establishments (Regulation of Employment and Conditions of Services) Act 2015. This will allow all public amusement establishments with at least 10 employees -- such as restaurants, local markets, shopping malls and movie theatres -- to operate 24x7.
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Only 25% Of Indian Graduates Are Employable, And The Solution Is Obvious

Only about 25% of Indian graduates are considered employable by the organized sector. Further, 48% of Indian employers said they were having difficulty in filling jobs, in 2012. Despite employers expressing difficulty in finding employable candidates, in 2009-10 the unemployment rates in India were higher for those who were more educated (graduates had more difficulty finding jobs than secondary or primary level graduates). So Indian education, in its current form, hasn't proved to be enough training for the incoming workforce.
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RBI On Wait And Watch Mode, But Rate Cut Likely In August

In the Reserve Bank of India's second bimonthly policy review, RBI governor Raghuram Rajan decided to adopt a cautious stance and maintain the status quo despite a compelling case to cut interest rates amidst a favourable monsoon outlook, consumer price index (CPI) inflation in line with the RBI's projected path, the government's progressive reforms, fiscal consolidation and the need to nurture growth.
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The Indian Government's #1 Job Is More Jobs

Unemployed youth are wasted human resources and fuel for social unrest. The governments of developing as well as developed countries are realizing that the creation of more jobs may be their job #1. A survey of Indian citizens' views of the performance of Prime Minister Modi's government reveals they are most dissatisfied with its inability to produce more jobs. They want the government to make the creation of more jobs its highest priority now on.
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Dear Mr Rajan, No Wonder The Crony Capitalists Are Rooting For You

Why is it that the corporate class is backing you, Mr Rajan? The doyens of the business class say that you have made India proud, having been chosen as the world's best central banker of the year. They say that you have controlled inflation; that you have saved the Indian economy from the depredations of international volatility. But what the corporate class has left unsaid is that it wants you to continue because you have provided corrupt business houses protection from the long arms of the law.
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Modi Govt Has Made Strides In Achieving Balanced Growth, But Challenges Remain

It is with a "balanced growth" lens of ensuring "sustainable economic development" that I prefer to look at Modi's two years in office. Many of the Prime Minister's schemes and missions have collectively set the right tone from a balanced growth perspective, including, among others, the 175 GW solar mission, the Swachh Bharat Campaign, the GiveItUp LPG Scheme, Jan Dhan, and Aadhaar. However, all great plans must be executed, which requires a fully functioning Parliament...
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The Point About The 'Urban Poor' That EVERYONE Missed

Why is the youth suddenly out of cash? One half of the explanation is the growing and unprecedented mobility of the youth for education and jobs. This is partially related to the decision of a section of the middle-class youth to live outside the guardianship of their parents and family members. This social freedom is not entirely synchronized with a financial one, and therefore the problems. The other half of the explanation is the ideological structure(s) we are under, in general.
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Budget 2016: Are New Digital Payment Forms Getting Left Out?

Slowly but surely, there is a cashless and digital payments revolution underway in India and it deserves a lot more attention than it is currently getting. Tax benefits are the proverbial carrot to make the transition from a heavily cash-led economy to a digital India. Even in urban areas, it encourages new influential segments like young adults, homemakers and dependents to shift from cash.
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6 Budget Moves That Could Boost Individual Savings And Investment

This year's Budget should introduce some changes in present tax exemptions and deductions to boost the domestic savings rate and encourage people to buy more long-term investment and insurance products. While the increased household savings rate and retail investment will help in boosting the financial well-being of individuals, increased investment by individuals will also help the government and private sector to finance their capital expenditure and cope with FII outflows.