Showing posts with label Economy and Business Analysis. Show all posts
Showing posts with label Economy and Business Analysis. Show all posts

Wednesday, October 25, 2023

Metrics to Manage a healthy business

 #GuestPost from #GrowthSchool

Image courtesy:  ntaskmanager.com

One of the biggest reasons why startups fail is that they don't track the right metrics from the beginning 😖

Here are 25 metrics that  a successful entrepreneur tracks on a daily/ weekly basis at Growth School

𝗢𝘃𝗲𝗿𝗮𝗹𝗹 𝗛𝗲𝗮𝗹𝘁𝗵 𝗠𝗲𝘁𝗿𝗶𝗰𝘀 :

1. CSAT : Customer Satisfaction score usually rated from 1-5

We track different CSAT for products, content, mentor, and programs.

2. ARR : Annualised Revenue Rate ( usually for non-SaaS brands which are not recurring )

3. Gross Margin ( GM ): Revenue - Fixed cost for the product

4. Contribution Margin ( CM ): Gross Margin - Cost of marketing and sales Different brands track this differently and can split it into CM1, CM2 , CM2 so on

5. EBIDTA : Money made after all deductions ( excluding taxes and depreciating assets )

A great metric for measuring profitability.

6. Burn Rate: Total spend per month ( can be measured based on % of revenue vs total burn as well )

7. Runway: How long will the VC money last considering the current burn rate

𝗨𝘀𝗲𝗿 𝗟𝗲𝘃𝗲𝗹 𝗠𝗲𝘁𝗿𝗶𝗰𝘀 :

8. LTV : Lifetime value of the customer

Total predicted spending a customer will make over his lifetime of using the product. This is hard to measure for early-stage startups.

9. LTV : CAC : Ratio between LTV to CAC

Probably the most important metric for investors and the health of the business. A good ratio is 4 and above.

𝗦𝗶𝗻𝗰𝗲 𝗟𝗧𝗩 𝗶𝘀 𝗵𝗮𝗿𝗱 𝘁𝗼 𝗺𝗲𝗮𝘀𝘂𝗿𝗲 𝗳𝗼𝗿 𝘂𝘀, 𝘄𝗲 𝗺𝗲𝗮𝘀𝘂𝗿𝗲

10. AOV : Average order value ( Single purchase )

11. AOV : CAC : Ratio between AOV to CAC

A much more aggressive metric to measure vs LTV : CAC but tells a lot about health of the business

We have also started to measure

12. ARPU : Average revenue per user ( Avg no orders per user * Avg order value )

13. ARPU : CAC : I am sure you can guess what this is by now.

14. AOPU : Average number of orders per user

15. ROAS : Return on ad spend - Total revenue from ads / total ad spend.

𝗠𝗮𝗿𝗸𝗲𝘁𝗶𝗻𝗴 𝗠𝗲𝘁𝗿𝗶𝗰𝘀 :

16. CAC : Cost of Acquisition - cost to acquire one user

17. Paid CAC : Cost of Acquisition from paid channels eg fb ads, google ads etc

18. Blended CAC : Average Cost of Acquisition from all channels ( Eg: Paid + Organic + Referral )

19. Click to LPV : % of users click on ads and land on the Landing page

Yes, not everyone who clicks lands on the landing page. We try to hit 80%

20. CPLPV : Cost per landing page view

21. Cost of ATC : Cost for adding to cart

22. LPV to ATC : % of users who click on add to cart from people to land on the landing page

23. ATC to Purchase: % of people to eventually buy after adding to cart

24. CPA : Cost per action

25. CVR : % Conversion Rate

While these might not be everything that we measure, as there are many different metrics individual teams measure,

Looking at these metrics as a founder gives a good idea of how the business is doing on a DoD, WoW and MoM basis.

What important metrics do you measure daily in your job or running your business?

 

Friday, July 5, 2019

Recommendations/Expectations from IT/ITES Industry for Union Budget 2019-2020

Related image


https://www.youtube.com/watch?v=SmMb3i9ldfE&feature=youtu.be&fbclid=IwAR29LCsEjMdEzutTSel-Ni_yy-OV-fetjDCZbS9zfJ1kN7r64gCAxiWxc4g




1. Need to sustain competitiveness of India as Key Business destination
2. Foreign Tax Credit Provisions to be in line with business trends and supportive to Global Indian industries
3.  Boost to increase CEO confidence levels of countries including US, UK and China
4.  India to emerge as Prime Destination for Foreign Investments
5.  India to showcase as Open Economy and Laws aligned to standards required by Global stakeholders
6.  IT Industry with digital transformation is critical to India's economy
7. Focus on Incentivizing investments
8.  Enable ease of doing business and promote growth of IT sector
9.  Harness opportunities offered by Digital Economy
10. Mainstream Technology disruption started in 2018
              Artificial intelligence
              Internet of Things
              Augmented Reality
              Blockchain Technology
              Big Data Analysis
              3D printing became mainstream cutting across industries
11.  Champion Services sector
12. Skilling of employees/ upskilling/ reskilling investments in budget
13. Use of technology to establish economic allegiance in country
14.   Necessity of Significant Economic Presence SEP
15.  Place of effective management provisions (POEM) without creating tax uncertainties
16. Promote market place with its just share of taxes
17. Reduction of rates of TDS for payment to call centres from 10% to 2% for small and medium sized  software product companies
18.  Tax authorities construing Service Permanent Establishment PE of Foreign company in India by mere secondment of employees of foreign company to India...Foreign companies are not willing to send employees to India on deputation
19.  Review income tax provisions related to secondment of employees to India
20. GST operations and legal complexities to be addressed to ensure ease of doing business
21. Specific concerns - determining place of supply, blockage in working capital due to self-supplies, treatment of HO branch office transactions, SEZ procurements require urgent resolution
22. Request Govt to provide support towards industry and consider NASSCOM recommendations
23 Create conducive policy environment
24.  Ensure voices are heard and create climate to leverage new developments in IT industry
25. Creating secured services to operate business of software development, software services, software products, consulting services, BPO services, e-commerce & web services, engineering services and animation and gaming.   Acknowledge the growth of Blockchain technology to handle cyber security issues

Sunday, April 9, 2017

#AtoZChallenge: Inspiring Indian women : I for Ispita Dasgupta

Image result for ipsita dasgupta star India





#InspiringIndianWomen #WomenBusinessLeaders  #IspitaDasgupta

What makes Ispita Dasgupta inspiring?   Is it her role as President, Strategy and Incubation at Star India or her prior COO Experience at GE


It is not just her Harvard degree or extensive work experience or the making of best of both worlds being a mother and a wonderful woman, what makes this super woman more inspiring is her strength to manage all her worlds together and make it successful life.  

An avid reader, Dasgupta used to read 45-50 books a year. But after motherhood, things have changed. Dasgupta says it is the three women (or girls) in her life that drive her - her mother and daughters. "My daughters inspire me. Even knowing their importance, there are days I'm a better business leader than a mother and the conflict is real. But I keep my resolve because I have daughters - they should believe they can be anyone they want to and that the privilege of motherhood should not hinder that in any way."

Born in India, she travelled the world growing up and earned her first degree, a double major in maths and economics, at Columbia University. In her early 20s, she completed the MBA at Harvard Business School and rose to senior strategy roles at IBM and then Cisco Systems, before joining GE in 2011.    As CCO, Ipsita takes the lead on marketing and strategy across India, Bangladesh and Sri Lanka. She is responsible for analysing GE’s market share in different sectors, and the changing needs of clients, and for identifying which businesses to focus on for growth. She is also responsible for the Bangladesh revenues and the largest key accounts in the region.

Reflecting on her own MBA experience at Harvard Business School, Ipsita says that the most valuable skill she learned was the ability to develop a credible and informed point of view on any project or idea.

“In a big company people sometimes go through the motions without developing a point of view.”
At business school other students push you and you learn to maintain your poise and to push back, and to change your position in light of new information.

“Business school graduates can handle very stressful situations,” said Ipsita, “And come to incredible outcomes.”

References

http://www.businesstoday.in/magazine/cover-story/most-powerful-women-in-india-business-2015-ipsita-dasgupta-ge/story/223473.html
http://www.businessbecause.com/news/women-in-business-school/3429/women-in-business-school-ge-chief-juggles-motherhood
https://www.linkedin.com/in/ipsita-dasgupta-66244/ 
http://www.forbesindia.com/aperture/web-special/forbes-india-celebrates-the-power-of-women/28782/1




Thursday, March 26, 2015

Make In India Campaign in Association with Government of India.



The Government of India, under the direction of Honorable Prime Minister Narendra Modi, has launched the Make in India Campaign aimed at transforming India into a global Manufacturing hub.  

As an Economic reforms writer and analyst is it great privilege and honor to be part of this campaign that would aim at bringing Economic Growth and sustainable industrial growth and manufacturing avenues in India and I was approached by Foxymoron who are proud to be a part of such an exciting initiative to join the GOI in this initiative and I had to oblige.. 

The initiative operates under 25 different sectors such as Automobiles, Aviation, Construction, Media & Entertainment, Chemicals, Electronic Systems, Railways, Manufacturing and many more.   

The campaign is an attempt to keep India’s money in India. “Come, make in India. Be it plastics or cars or satellites or agricultural products, come make in India.” Prime Minister Modi’s statement encapsulates an urge to strengthen India’s manufacturing sector and build its industrial base nationwide.


As part of this initiative, I was recognized to be part of the campaign and write about this extensively in my blog  www.umasreeraghunath.blogspot.com .  This would be to share in-depth and exclusive insights.  Personal experiences and interviews of people at HANNOVER MESSE (snippets/ bites), as well as Interviews of European businesses who have invested in India or who are considering it.

I personally find this initiative exciting and looking forward to be contributing my part to the campaign from Government of India.    Look forward to more details and detailed analysis on various topics that would contribute to this India Champion Initiative….Let us ‘Make in India’.

Wednesday, May 14, 2014

Good Bye Dear Prime Minister Dr Manmohan Singh

Dr. Manmohan Singh will be leaving the Office of the Prime Minister, of the largest democracy in the world in 48 hours from now.  The Country has seen him as a great economist,  a good politician and unfortunately as he retire from his political whirlwind, there is less that this country appreciated in him and more it hated.  However,  when the time came for him to bid adieu to 7, Race Course Road, New Delhi as India's first Sikh Prime Minister, a truly highly qualified politician in Indian diaspora,  a balanced Libran born on 26th September 1932,  my heart aches.  As the world shouts at its peaks that we had a Silent Prime Minister, a dormant politician and a chamcha of the Gandhi family,  the shadows of the scams and silence truly have covered the other side of this humble and honest man who ruled our country for long good 10 years. 

Dr Singh is not a doctorate given by some university as a honor degree.  He earned it with efforts at Oxford.  He did not reach the seat of Prime Minister by luck or for fancy.  He climbed the political ladder step by step.  His experience in United Nations, in the Ministry of Foreign trade,  being Chief economic advisor and also as RBI Governor and heading the planning commission before getting in the ministerial spectrum.  

Thanks to then PM P.V. Narshimha Rao, another whirlwind politician and a shrewed decision maker, who took bolder decisions for the economic progress of this Nation.  It is so sad that the present generation do not even know about the achievements of PVN period that brought in a boom  of economic reliance and opened up gates for foreign investment which boosted our trade and industries.  The combination of PVN and Dr Singh changed the country's fate during the severe financial crisis in early 90's.  The liberal financial reforms changed the destiny of the Nation from being an agriculture based country to a technologically advanced country where the skills and competencies were given greater importance.  From being a self-reliant country to a vastly export oriented Nation generating revenues from global markets transformed the growth of this Nation.

 The Nation that was ravaged by the times of Mandal Commission, Reservation based riots and suicides of young Indians,  got a relief when Dr Singh took over the reigns of the Nation as a Finance Minister in 1991 in PVN's Cabinet.  Less would he have imagined that one day he would take over the hot seat and stay there under fire for 10 long years.   After the strong opposition that set in against Sonia Gandhi becoming Prime Minister after UPA won in 2004 elections, Dr Singh became Sonia's choice.    

Several reforms under his leadership took its wings and reached the common man.  Amongst which RTI definitely needs a mention.  UID, Rural Heath Care, Employment Guarantee and nuclear agreement with United States were surely his plus points during his tenure.  However,  his tenure saw the most traumatic conditions as well.  The government was day in day out haunted by the scams in all the streams of governance.  Corruption and Terrorism took different forms and sizes beyond control.   Dr Singh from being a  transforming leader was pushed to become a silent manager.  From being an aggressive governing head, he was forced to silently  withstand the turbulence within his own government and became a silent spectator. 

Dr Singh dream of creating a role of active politics for betterment of human affairs.  Thinking the unthinkable and making bold decisions keeping the larger growth of the country in mind, Dr Singh definitely made an impact on our economy.  What ever the media may call him, how much ever Press may degrade him and the jokes on Internet create him as a joker,  the truth is that he was a humble man, a honest person, a great academician,  a wonderful thoughtful leader, pushed to be a selfish politician unfortunately and overall a great human being.  For such a diversified Nation like India, it is not easy to manage several ups and downs and Dr. Singh did it with his own charisma

History may record him as a Silent Politician who was a mockery and a puppet in some one's hands.  But the truth will also be realized sooner than later that he was an example of integrity, a man of tolerance, and a leader who had healthy relationships with world leaders and built a strong relationship of understanding and harmony with neighbouring Nations.  Managing insurgencies on all sides, handled terrorism within the country, dealing with a long list of scams and still coming out clean is no easy task.  The biggest mistake probably he had done would be to go silent and immune as the scandals shocked the Nation.  The government would have collapsed many times costing the election commission exchequer further more losses effecting our economy had he gone on a mode of taking strict actions against his own ministers and parliamentarians who have tarnished the image of his government and him as a leader who has the competency to rule and a strong political power.  Being aware of the irregularities and corruption charges and still staying quite was his draw back that made him called as the weakest Prime Minister India could have.  However, despite all this, he quietly did his duties.  He silently went ahead with his reforms and governance.  He did not speak in favour or against of anyone.  He remained calm and himself.  Which is not a sign of a good leader but a great manager.  



At the age of 81, his decision to retire from active politics and giving away for new generations to come in, we would surely miss the wisdom of a great leader.  Every ruler will have his pros and cons.  Dr Singh should be remembered for the best he has given to our country.  Hope he will have a peaceful retired life.  And also wish that the chaos towards the end of his political era should not haunt him in his old age.  We should give him the due respects as some one who managed this Nation for a decade keeping the image of India strong, high, proud and in the growth trajectory in the world map for several causes and reforms .  

May god give Dr Man Mohan Singh a peaceful retired life,  good health and happiness.  May his time give him an opportunity to write why he should not be called a weak prime minister so that we would know his thoughts and as his conscience speaks up the truth.   May the wisdom he shared be appreciated and May he have a life with real internal strength and integral peace at least now that he is out of the hot seat.  God Bless!

Monday, November 22, 2010

India's New Freedom Struggle

India’s New Freedom Struggle
It took several years for India’s freedom struggle from the British Rule to dawn on the Nation in 1947. But it is unfortunate, that the country today is thrown at the mercy of a rat race. Rat race for Power, Money and Authority with no people in thought. The so called Largest Democracy in the world ...in the name of “For the People, By the People, To the People”, today is nothing but a big joke. 60 years of Independence, and we as the Nation struggle for real freedom. Freedom of speech, Freedom of Governance, Freedom of Growth, Freedom for a Nation free of fear, free of poverty, free of unemployment, free of pollution, free of corruption and free of agitation and restlessness. Today, we the Citizens of India are proud of our achievements in the Global Stage. Same time, we are ashamed as part of the Nation, still struggling in the clutches of a fragment of society that dominates and destroys the Nation. There has to be a new revolution. A new struggle for Freedom. This fight is not against the miscreants of an external India. This is a fight against the internal thief’s. It is very easy to eliminate an external enemy, but it is very difficult to uproot an “Inte Donga- in Telugu” which means, a thief within the house.

Freedom of Speech -

Yes, I know it is our fundamental right and we Indians, are privileged to this right. But it is only when you don’t hurt the sentiments of your brethren. As a political fiasco, you can talk anything. Refer to Laluji’s English speeches in the Parliament, but if a sensible writer tells the truth., no wonder she is threatened to be jailed…I am referring to none other than Booker Prize winner Arundhati Roy.

Freedom of Revolt-

You have to be a RSS franchise or a Mangalore Babu’s to revolt. You cannot afford to be an ordinary citizen. How many times Medha Patkar had been arrested just because she is fighting for a genuine cause like Narmada Bhacho Andolan? How many times Sunitha Krishnan of Prajwala will be beaten up to death, just because she fights against the brutality of rape victims and rescue small children and women from the involuntary prostitution rackets? Close to 3000 children are rescued by her in the last several years, she being a 15 year old gang raped victim in the past. Why the hell cannot our governments do something about it??

Freedom from Equality-

Yes, I understand we are a secular and socialistic Republic???? But in what sense??? Are we not having a divide of Hindus, Muslims, Christians, right from the way the neighborhoods react to incidents, support and care? Are we not divided in the name of language within every 400 kms of the geographical landscape of the country. I am not talking about the secular freedom of equality. Freedom of equality in terms of how government react to various situations? Example: When a soldier sacrifices himself for the sake of National Security, we give his mother or widow , a medal, no use certificate and 1 lakh rupees and forget. Same way, when a illicit liquor consumer in a remote village dies, his family is also paid 1 lakh rupees and the victim gets a placeholder in the front page of newspapers and becomes a hero! If a cricketer scores 100 runs, he is paid 5 lakh rupees and given adversting revenue, government paid quarters, paid jobs which he never attends and what not? Why the hell I would I encourage my younger generation to ruin their personal lives to preserve our borders and die for our country? How many of our politicians or film stars are sending their kith and kin to fight against terrorism or protect our borders? Are they not eating the bigger piece of the apple pie??????

Freedom from Fear

If a politician is killed, or murdered or even die for natural causes, the whole place is turned like a war zone. People are scared to step out. Worst is when a politician is convicted in a court case, we just don’t know what repercussions will be there around? How can we forget the hard truth of Dharmapuri Bus tragedy, where three college students were burnt alive? Who will bring back those lives to their parents. How many shops were destroyed in Karnataka just because they had their hoarding and boards in English? How many churches were burnt in Kerala in the name of stopping spreading the preaching? Still the traces of the Pastor and his sons being burnt alive in the car remain? The notorious killing of Shivani Bhatnagar, a young journalist who did everything to gain information first hand for Indian Express do not fade our memories. We are still surrounded by Nithari’s and Rathores, and don’t dare to send our young girls alone outside? Where is the Freedom that Gandhi wanted???? To let the women walk with free mind at the midnight…Forget about midnights Babu, now your children cannot even dare do it in broad day light. Are we becoming a sex starved Nation? Are we becoming a Violent provoked society?????

Freedom from Retirement…

Common guys, now don’t take me wrong. You are to retire at the age of 60, if you are Peon, A Teacher, A Professor, A clerk, A Engineer and what not? But stop, you just don’t need to retire at all till your death if you are a politician. For politicians have this unique physical ability to make right decisions, run errands on economic development, do excellent planning, and commendable job on governance and execution and you know what, age is the wisdom factor for running our country. But guess what, to be a nurse or a ayyama in a school, you have to be not older than 60. Yes, you forget your basics to teach or support patients when you are 60, it doesn’t depend on your ability or individual strength. Then, again, for becoming an IAS officer in India, you should not be older than 28, older than 32 if your MBC or SC/ST. But there is no there is no Upper Specification Limit to be a part of the Indian Parliament. So all retired aunts and uncles, out there,, get ready for the next General Election, for that is the only place where you can still work…..

Freedom from rusted judicial system….

Our constitution can only be written once. I agree. We make amendments and pass bills and change provisions as deemed necessary. Thankfully the new Direct Tax Code has some breather for the age old Income Tax Laws of 1960’s…. But are the Laws of the Nation ever amended? Are they not written when people were under control and fear of British Raj. Are they not written keeping the economic and GDP of 1940’s in Mind. Today, one of the most enjoying community of holidays are our lawyers …they have winter sessions holidays, summer and spring holidays…Spring???In India? Ok, may be. Probably, I don’t think any other community of Professional enjoy that big a holiday in a single year….Not even teachers today…For I see the schools making them slog in holidays, correcting papers, preparing study material for next year, working on overall growth and improvement. How can a fine be just Rs.100 for a theft and Rs 5000 for a rape? Does it worry any of them committing those sins? Is there a fear any longer in our verdicts about the way the punishments are given???? Why do we encourage to appeal and appeal ever to high courts. Can you imagine that close 23 death penalties are lying on Madam President’s table for clemency petitions.

Freedom from our own cruel Police Stations
Believe me, I am so scared to enter a police station. Just because I was not able to differentiate between those working there or those brought in there for investigation. They both looked similar in all manners. There could be exceptions and people who are sincere, more approachable, and polite to common man. I have witnessed a sad neighbor who was pulled to a police station after having been found in a drunken state in a local railway station. He was beaten up to death, his family was humiliated, and finally the frustration did never let the youth come out. He passed away few months after that incident. When a stray fire accident happened in my bed room, instead of finding the real culprits, the police dragged two of our lady servants who worked for several years. They showered suspicion everyone in the house too.. When a house was locked for several week, a thief tried to break it, and finally when all neighbors woke up and caught him, he spell the beans. He got the information of the locked house from a policeman who takes rounds in the nights in that area. The deal was to share the booty 30-70. Speechless.

Freedom from Terrorism

In Dec 2008, when I was travelling back from Detroit to India, a co-passenger was so considerate asking if it is safe to travel back to India. I felt sad…terribly sad. I have to fear travelling back to India, my country…and the constant images on the CNN TV in the Airport is the reason…showing images of burning Taj…continuously for the 4th days. Terrorists, Naxals, Moists, Jihad’s and the list goes on. Fear of terror is everywhere. Right from the serial blasts across the cities of Lucknow, Delhi, Pune and Mumbai ….till the struggle of Telengana region and never ending Kashmir menace….no where people feel safe and secure. The shades of terror is wide and vibrant. And victims suffering is endless. We still go easy on Kasab’s and Ajmal’s in the country even after the whole Nation witnessed their atrocities on CCTV and live televisions. Attack of Nation’s Parliament and Attack on Civilians in Mumbai is still cases of further appeal and mercy petitions???? No wonder, we can never curtail terrorism.

Freedom from Corruption

This is not the last, but the giant of factors that we want freedom from. One of my friend yesterday, reported on Face book, that he waited in the queue to get a receipt from Registrar office for Vehicles, and finally he could not get his job done without paying that damn bribe. I did it when I wanted extra copies of birth certificate for my child after running for 4 days, and hearing problems of the employee not being there, printer not working and what not, and everything worked the minute I paid him the “gift”. 16 year old drunken drivers in Mumbai, kids of rich dads, go Scott free after killing hard working day laborers sleeping on the pavements. A old aged lady have to pay for getting her pension clock start after her retirement in the Pension Pay office. Loans get sanctioned without even the supervisor visiting the sites….all for a price. Even for issuing a death certificate to a grieving family, our government office staff don’t function without taking that extra money. I know a Peon working in a commissioner office building a big bungalow in the centre of the city….and that’s because he is the binamy for collecting all these funds for a corporate pool that gets shared at the end of the day – everyday….No wonder, no body shouts or revolt for so low a salaries in the Government offices. For getting an electricity connection, you pay “that” or just be ignored. To get a College admissions, forget mark sheets…think about the ‘Building Fund”…for Professional College Admissions….remember “Capitation fee” , Management Quota, Donations….. and is there anywhere our kids scoring between 70-90 can get proper admissions??? Either your percentage have to be above 90% or your parents bank balances big enough to hold your dreams….Ridiculous. To me Tirumala had been my place of heaven on earth. But somehow, my devotion these days don’t get overboard to venture into this commercial hub now in the name of darshan. There were couple of times, I had to come back without proper darshan , after being victimized with ‘jaragandi, jaragandi’… and now I know to handle this ‘Jaragandi’ lot…the minute , I tuck a Rs 500 in one of the ‘Jurangandi-Move Move’ crew, I will be pulled behind them, and others get victimized for juragandi..and I am given 2 extra minutes to look at the deity, forget about worshiping amidst that mad rush….. I believe my Balaji will understand my plight and still take care of me, if I worship him from a distance, may be from my home Even the medical fraternity is no immune to this…and it is a sad state of affairs…Believe me, even to get justice, you have to bribe in our country and that is the sad part….And once again, I am only talking about small time corruption….for I am a small time writer who cannot dare to write about Mega Scandals and Shameless Scams that ruin my country from moving forward….

I am now tired, of writing this post….There is so many things that we want freedom from,,,like Freedom from Poverty, Freedom from Rich and Poor Divide, Freedom from Glass ceiling, Freedom from Craze of Foreign goods, Freedom from pollution, freedom from traffic…freedom from increasing costs….freedom from adulterated food grains….. and the list is longer than I expected when I started to write. I think freedom from British was much easier!!!!

Saturday, November 20, 2010

Why Manufacturing is Important for any Economy's Growth?

Today, the biggest challenge of Super Powers like USA and UK, are the declining trend of their manufacturing and assembly facilities.   Same time, Countries like China, India and Brazil have their drivers as Manufacturing Industries.  Today, China seems to be the single largest nation termed as the "Manufacturing Hub of the world" and there are very large amount of products manufacturing only in China today.   90% of computer and laptop parts are produced in China.  70% of world's subsidiary and ancillary production is happening  in China and India.   Yet the irony is that these countries are still to get into the spectrum of realistic development coined with the people's growth inside the countries.  But surely in the next few years and less than a decade.. these countries will enrich in to the global trajectory of growth as Economic Super Powers.  
Amidst all the hype of media and acceptance of world Nations, both India and China have a long way to go in terms of internal improvements, creating a greater infrastructure, taking the innovation and human intelligence to new parlance, and promote agricultural revolution and industrialization at grass roots.  Export is not the only key to the growth of the country.   Doing away with the greater disparity between Rich and Poor, overcoming Poverty and unemployment,  creating a harmonious society away from the turbulence's created in the name of language and religion,  and strong control on the local governance free of political corruption have to be brought to the front burner to make these countries sustain their transforming economic growth.  
Today, as a Nation, we have challenges of large scale corruption, political power play, rural and urban divide and still existing unemployment and education needs.  Despite all the challenges, today the human intelligence of India have widespread and created jobs across the globe.   The reason behind being the manufacturing potential of India and China.  Yet, there is a long way to go to sustain indigenous products, create a reverse brain drain that can bring in technical competence to build our own scientific and advance nuclear machinery and airplanes that will put India at par with other advanced nations.    The nation have to address the infrastructural needs, which in turn would create manufacturing needs and accelerate the growth of the country in the right direction..   
This is a sure chain reaction.   Export is a blessing and export creates manufacturing needs providing quality and competitive production houses.   These production houses create technology and innovation., and create jobs for the education urban lot.  The penetration of the growth to rural areas is the only solution to combat the increasing struggles of urban population in terms of housing, infrastructure, transportation and sustainability.  So cities expand creating more housing needs, creating transportation needs and bringing in more opportunities to expand our railways, roadways and industrialization.   Mariamalainagar near Chennai is classic example of how the manufacturing would pave to expansion of cities and bring in larger transformation.    These increase the need of indigenous industries that caters to the needs of steel, cement and wood, paints, and labour.   Construction industry grows.  With increased transportation needs, the need to build buses and trains grows.  Slowly the movement of population from rural to semi-urban areas start to meet the demands and needs.  This increases potential increase of opportunities of good education to rural students and bring in a change.   There is equal needs to build schools and roads in rural India.  As corporates expand outside the cities, they adopt villages to lay roads and provide voluntary services like evening education, mobile health facilities, awareness to combat social issues  and bring in a dynamic awareness.   The need for sustainable food facilities and self-reliance emerges to combat the growing cost of living expenses.    This brings in a need to encourage farmers to use technology in agriculture, promote agriculture with the cooperative society and government help.   The backbone of the Nation is Agriculture and it sustains from perishing.  Farmers need education and awareness to manage crops damage, creation of integrated water systems and this creates a need to bring in a Nehruvian policy of building dams and reservoirs, there again creating a job market.   Self-reliance in food grains and agriculture growth paves way for people to invest in education and technological revolution...there by significantly impacting the economic well being at grass roots. 
The bottom line, is every Nation should create a need for growth of the manufacturing facilities, at the same time, transfer the bit of growth and combined energies to the grass roots of the Nation, then alone, the Nation can be called a Developed One.   It is not multi-storied building of metroes that would make a Nation developed, it is the common man's struggle finding an end and ease towards better living and people of these countries free themselves from the political fiasco and power play, and are able to live a decent and uplifted lives.  Then alone, we can be called DEVELOPED.   So, it is the time to invest and energize our manufacturing plants and factories and spread their growth to the grassroots of the Nation. 


Sunday, October 10, 2010

Common Wealth Games 2010: Is it a Red Project turned Green? Or Just a Failed Attempt?

Common Wealth Games 2010 was in mind as the Post for a long time now, and I know this is the right week to write it with a 360* view.
 
Like all Red project that teach us, bitter but better lessons, CWG., had also been a tremendrous, noteworthy project for India.  Here the only difference is that the PMO was our Prime Minister's Office instead of Project Management Office.

Leaving behind its curtains, all the scandals, media hype, adverse situations, infrastructure delays, haphazard things, and hundred other things that shook the CWG with corruption, lack of integrity, red tape, imperfection, missing deadlines, improper organizing, lack of adequate health and medical facilities.. the Opening Ceremony was like the First Tolgate.  Which the Project called CWG 2010... crossed successfully as planned on the D-Day with much cherished cultural display of India's -The Best.

Now, it is saddening to see the CWG Events Stands -  Almost 80% vacant... Where did the spirit go?   Trying to buy the tickets-  Sorry they are all sold...Then, where are the people???? Mystically, the whole project which suddenly looked Green, is now again looking Grey :-(   

3 more days and its all gone...leaving behind an exchequer deficit of 50000 crorers... atleast hope that this is a good lesson for us to handle such massive sports events going forward as a Nation.  Hope this event atleast showed the world our best of talents and a solace is the Winning Medals .... Jai Hind! India! 

Wednesday, September 29, 2010

One Population, One Database ! UID Project Aadhar... A Grand Phenomenon begins

India is one of the largest democratic Nation's in the world with the Second Largest Population, most diversified in terms of economical status, religion, education, langauge, food habits, culture, traditons and so on.   To bind this entire Nation,  with a uniformed structure is no small task.   I think in terms of the Project Strength, this would be the World's largest Project involving the largest number of stakeholders....Entire India!     This enormous and most ambitious project headed by Nandan Nilekani, is not only the most wanted project but also the most difficult project to accomplish.    

First time ever in the History of India, a Government database will not be divided in the name of Caste or Geographical diversity.   Personal details like date of birth, name, finger prints, IRIS records and photograph will be included in the Unique Identification Card that will be issued to every Indian probably over the next few years.   It is estimated that it will take close to next 5 years to get every Indian in the database.  Every person above 15 years will be issued the UID card as per the Aadhar Project. 

Key Highlights of this project are:

1. Every Indian will have a Unique Indentity with 10 digit number
2. Entire population will be recorded with its biometric scans, face, name and finger prints
3. Project Aadhar will enable the economically backward and rural India to gain its own identity
4.  Irrespective of the socio-economic conditions of the person, there will be a common thread that binds the nation
5.  Government initiatives to support the economically weaker sections of the soceity will get its bigger focus
6.  Historical steps to help the Rural India and Poor who need banking and other infrastructure access
7.  Development programmes initiated by government  and unemployment support initiatives will find better access by the common man
8. Usage of the UID in every transaction and banking operations, will bring in more of the black money to market
9.  This should be the first step to stop the misuse of government funds and grants
10.  Long run, UID, should create a tracking database to end corruption and bring in more stablization of the money flow in the country.

Three Cheers to Nandan and his team for having shouldered this enoromous project and Wish Project Aadhar a grand success!