Do it yourself

What do we really want? To accelerate the economic growth in order to generate more employment and improve the quality of life of Indian populace, the country indubitably needs huge amount of fresh capital. Various economists, government agencies and expert committees have suggested that to attain optimum level of employment Indian economy would need to grow 8-10% CAGR for next decade or so. The capital investment required by private sector to create critical infrastructure to support 8-10% GDP growth is pegged in the range of US$10-12trn over next 10yrs. Energy sector alone may need investment of more than US$1trn over next one decade. It is well recognized fact that such kind of long term risk capital may not be available internally. Foreign investment is therefore a pre-requisite for the process of economic planning, development and growth. Any debate on path, trajectory and sustainability of growth should therefore begin with this assumption that adequate...

Some food for thought "A demagogue is a person with whom we disagree as to which gang should mismanage the country." —Don Marquis (American Poet, 1878-1937) Word for the day Demagogue (n) A person, especially an orator or political leader, who gains power and popularity by arousing the emotions, passions, and prejudices of the people.   First thought this morning Founder of Cafe Coffee Day (CCD) succumbed to the pressure and decided to take the extreme step. This is a sad moment for many like me who had a truly good time enjoying coffee with friends in CCD. In CCD, V. G. Siddhartha (VGS) created a brilliant institution. However, somehow I am finding the obituaries, comments and reactions from media, market participants, social media stars etc quite hypocritical. Vijay Mallya (VM), also established a brilliant institution in Kingfisher Airlines. I had really good time travelling in Kingfisher. I am sure almost ...