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Showing posts with the label growth

Is West leading the East? Ignorance can be a bliss!

There is a side effect of every medicine just as there are always pros and cons for every decision. Coupled with this, excess of anything is harmful. India has perhaps one of the largest numbers who can read/understand English. English is very closely associated with the "Developed World". Hence, our English media is greatly influenced by the "Developed World". It actually goes further from media to individuals. The more "cerebral and globally connected" individuals are all a ball of gloom. R written large on their faces and expressions. There are enough reasons given, even for India. - Current slowdown - Approaching elections - Job slashes - Next monsoons To me it is a clear sign of clouded mind. It is so visible in the English newspapers vs local language papers. Headlines in English media all talks about - losses, layoffs, slowing demand, US companies going down under etc. Language papers talk of recent elections and promises, banks slashing interest ra...

Tough times - different actions

After a trip to the financial capital of India, Mumbai, I landed in the flashy city of Delhi. Of many people that I met and talked to in Mumbai, the discussion hovered around the difficulty faced by people in stock market, economic issues, tough times, tightening the belt, lay offs (declared and not declared), sectoral impact etc etc. In a nutshell "get into the shell for safety". Then I met Rajan S, a dear friend. I knew that he has lost a good more than 50% of his investments in stock market and was expecting a similar response that I witnessed in Mumbai. I was all set to ensure that I remain as balanced as possible. "Hi, welcome to my newly decorated home" he exclaimed. "I went and bought two easy chairs, 5 decorative pieces, 5 pairs of trousers for myself along with 5 shirts, kids wardrobe has been replenished, wifey has bought some sarees and suits and not to talk of new curtains; all in the last fortnight" he went non stop "there are such great ...

Downturn - who are the gainers?

Few friends were drowning their sorrows in the respective preference of drinks at a club. This is usual but for the venue. Normally, these suited friends would be seen in the 5 Star bars and drinks would be Single Malts, Rose wines etc. Club menu offers limited choices and almost half the prices offered by 5 Star bars. Expected. The interesting bit was when one asked "what would people do when they want to save money but still pass time?" Opportunity strikes in most adverse circumstances. To cut a long story short, consensus was that people will spend more time socialising at home with families and friends and consume more food (part home cooked and part packaged/ordered from nearby restaurant) and consume more media. I sense an opportunity for TV channels (more time spent), magazines (more readership per copy and time spent), radio, video rentals. Does it mean more DVD players being sold? why not? Are creative guys working on it? Opportunity for more advertising?