"Civilization exists by
geological consent, subject to change without notice."
—Will Durant (American,
1885-1981)
Word for the day
Tarn (n)
A small mountain lake or
pool, especially one in a cirque.
Malice towards none
Media (print, electronic,
digital and social) does not appear to be presenting true state of Indian
affairs. The reporting and commenting seems to suffering from deep prejudice,
partisanship and ignorance. Oversimplification and blatant generalization have
become norm.
How do I get the true
picture?
First random thought this morning
Police
and society could not protect me from being raped.
But courts order me to give birth to the child that resulted from
that rape, so that I never forget what kind of society I live in and how
insecure and unprotected I am, and shall remain.
And you know the worst part, if
my child want to mention his father's name in his passport or Aadhar Card, he
might have to seek permission of my rapist.
Could it possibly get more
ridicules?
In serach of Ideas - 2
In the global context, the technology companies that deal in
Artificial intelligence (AI), automation, robotics, digitalization, et. al.
have been in focus in past one decade. Most of the popular stocks, and perhaps
also the top performing since 2009, could be identified with these buzzwords.
The Indian context is however different.
As yet, we are not facing the demographic problems, like the
developing economies. To the contrary, to some extent we suffer from the
problem of the plenty.
Enhancing productivity through automation etc. therefore faces a
social dilemma. The fear of job losses or apprehension of low job creation invariably
leads to socio-political resistance.
Moreover, so far, at household level we are certainly not spending
more than our earnings. At the government level also, the fiscal discipline is
remarkable, given the imperative socio-political compulsions and stark
socio-economic inequalities. Cost efficiency though is an integral part of the
Indian business as well as household management ethos.
Though, Indian economy has seen encouraging trend in automation
& digitization in a large number of sectors, artificial intelligence (AI),
automation, robotics, digitalization, et. al. have not been among the most
popular trades in past one decades. The reason could perhaps be that most of
these solution might be imported and not locally developed. (I may be guilty of
overgeneralization here, but I find it ok, since it is the main point here)
I have seen many market experts and reputable stock pickers,
suggesting big bets on companies dealing with these buzzwords. Some of their
ideas have worked. But most of them have not, so far.
I believe that given the advancement already made in these fields
elsewhere, it will be tough for the latecomer Indian (or any other emerging)
companies to take pole position in these fields.
I am therefore convinced that in Indian context the primary trade
may lie in the beneficiaries of these trends rather than the solution
providers, who continue to remain marginal players in the overall global
context. However, if some business shows excellence in these areas, that could
be certainly added to the investment portfolios.
Insofar as I am concerned, my buzzword for Indian businesses is
'Re", especially in view of the recent regulatory changes.
Re-skilling, Re-locating, Re-evaluating, Re-building,
Re-organizing, Re-structuring, et. al. are the trend that will create
meaningful business opportunities in one decade or so. Re-orienting businesses
to new tax paradigm and Re-organized real estate business would be important
part of these trends....to continue tomorrow
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