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Showing posts from February, 2012

Time to give more than the standard election-time lip service to this sector

With state elections gaining heat, the farmer community of India would again, suddenly find themselves in the thick of all attention.This pocket of population that is usually sidelined, would again find themselves at the top of all political manifestos. And why not! When farmers constitute 60 per cent of the entire population, no political party can ignore this huge vote bank. And ironically, in spite of their seasonal electoral importance, the very same people are left in the lurch post the elections. Today, this one sector employs almost 60 per cent of the entire population, yet contributes merely 17 per cent to our national income! Shamelessly, our successive governments have succeeded in keeping a majority of them marginalised, bereft of even basic amenities, which are required for day-to-day sustenance. The fact is that till date, our agriculture sector has hardly seen any major technological breakthrough. We are still stuck in an era from where we started. A stroll through any of...

Between the Indian customs department and the Chinese "kidnapping" traders, it's the Indian businessman who is getting sandwiched!

The recent case of Indian traders being kidnapped in China has opened up a can of worms. Apart from the case revealing weaknesses in the Chinese judiciary (as I had highlighted in an editorial a few weeks back), it has also brought out in the open something that traders from India (and other countries) were facing for a long time but not speaking about openly. The big trade that happens between India and China is through the scores of wholesalers operating out of wholesale markets in India like the Sadar Bazaar in Delhi. These are not the big guys who prefer getting into litigation that easily; they also aren’t amongst those who operate with lawyers and bigger paraphernalia. These are smaller traders, though huge in numbers, who go to Chinese towns like Yiwu in particular and pick one or two containers of goods worth Rs. 30 lakh to a crore once every quarter. And they now fear entering China. The question is why? Can one incident of kidnapping shake up an entire community of traders, e...

The 99.97% man and the lessons we can learn from him!

Ever since the American economy went bust and the European economy has been going down, it’s sad to see my favorite magazine, The Economist, frantically trying to defend the wrong and go wrong by criticising the right. Time and again. Just a handful of weeks ago, in their frantic effort to criticize everything Chinese and everything non-market oriented, The Economist did a cover story called The Rise of State Capitalism (January 21-27, 2012). Basically, the story talked about how economies like China and even India are becoming more dependent on large public sector units and how this is bad blah blah. The obvious supposed scare is that public sector corporations are inefficient, have time overruns, invariably have cost overruns, have ingrained corruption and so on! The real scare is the growing might of China, of course! Our group is into almost all kinds of consulting activities and we rarely come across a private sector company where an executive doesn’t ask for a bribe before award...

Why Chinese students come out at the top while Indians hit the bottom!

A handful of weeks back, in the ACER PISA test – the OECD's annual global assessment of students' skills (for South and South East Asia) – India came second from the bottom defeating Kyrgyzstan while China topped the list. This acts as the final nail in the coffin of India’s dented education system. In spite of arrays of pan-Indian educational programs, India still has not been able to make education inclusive for all. On the contrary, China since the last four decades has been rolling out ambitious plans to revamp their education system, which is evident from the way they are storming into global rankings. Chinese education is a very consistent blend of Confucian theories and modern concepts mixed with Chinese national developmental policies. Chinese education, unlike ours, focuses on both socio-cultural and political aspects of the nation. The current Chinese education system extends from the guidelines that Premier Zhou Enlai gave in 1974; guidelines that are popularly known...