An average Indian was richer than a Chinese in 1962

Random observations. Today, I was going through GDP (Gross Domestic Product) charts of India & its neighbours. I noticed a few points that found interesting. Some may be familiar but looking on a chart makes them clearer. GDP: India & China had similar GDP for a long time from the 19th century. Surprisingly, once in 1981, Indian GDP was 1 billion Pounds more than China. It was around the time of economic liberalisation in India, that China’s rocket got lit up. And after the global recession of 2008 China’s growth…

Culture of abusing private sector no longer acceptable

As a former small business owner, I welcome the statement made by Hon’ble Prime Minister of India Mr Narendra Modi in Lok Sabha (Lower house of Indian Parliament) on the 10th February 2021. Irrespective of politics, Indians need to stop being hypocritic about #private sector. Let me add, #India needs a healthy public sector in strategic areas as well. It is not either-or, it is about the right mix and ensuring both are healthy. Highlight from the speech // Prime Minister Narendra Modi on Wednesday stressed on the private sector’s…

Indian Budget 2021

The country (India) and the entire planet is going through once in a century crisis due to the pandemic. The citizens were looking forward to hope and solutions in the Union Budget presented by Hon’ble Finance Minister of India Mrs Nirmala Sitharaman. Since I am no expert on the subject, I will just say the highlights that I liked and which went mostly under-reported elsewhere: 128. We will undertake a new initiative –National Language Translation Mission (NTLM). This will enable the wealth of governance-and-policy related knowledge on the Internet being…

The marketing machine called the USA

If #China has super-power ambitions, they need to “up” their #marketing & #PR efforts. Look at the #USA, here are 3 well-known examples: Every three years, the world news everywhere is dominated by #American Presidential elections for the following twelve months, even though people outside the America have little reason to care about them. To make everyone read and talk about a news item that has no real impact for them is a dream for branding managers. Every year, the nine months preceding a new #Apple #iPhone launch, it is…

Additional Equalisation Levy

This tax levy (burden) was invited by the tech industry themselves, through their super-smart tax planning (some may call it as evasion). Governments are forced to take actions to plug some of the holes and as an additional safeguard against BEPS (Base Erosion and Profit Shifting). I hate to admit it, but Governments are right here, they can’t simply watch as their revenue gets eroded with the economy shifting to digital. Among many of the ‘bad’ tax ideas, I suppose this 2% Additional Equalisation Levy appears to be okay. The…