The recent upswing in the stock market has uprising of hopes of a revival! What’s to be done?
I have always been telling that the Indian Economy is well poised for a growth. We need to have a bit of confidence in what we think is required to be done. In the current situation, the world will be looking for less expensive goods and services (look at the international interest that NANO has generated). The only country that can take away a good bit of business opportunity is China.
Now we should understand that China has its own problems and it is a less attractive destination for investors. They can have an edge over us as a supplier, but certainly they will have o be humble when it comes to attracting new investments. I think we should try and attract their entrepreneurs for setting up shop here itself!!
We should not also underestimate the power of local markets. A bit of care and concentration to meet the local demand will also open up a large market.
The real problem lies with the attitude of our consumers and entrepreneurs. Many of them have become unwisely risk averse, thanks to the media sponsored recession!!
I have always been telling that the Indian Economy is well poised for a growth. We need to have a bit of confidence in what we think is required to be done. In the current situation, the world will be looking for less expensive goods and services (look at the international interest that NANO has generated). The only country that can take away a good bit of business opportunity is China.
Now we should understand that China has its own problems and it is a less attractive destination for investors. They can have an edge over us as a supplier, but certainly they will have o be humble when it comes to attracting new investments. I think we should try and attract their entrepreneurs for setting up shop here itself!!
We should not also underestimate the power of local markets. A bit of care and concentration to meet the local demand will also open up a large market.
The real problem lies with the attitude of our consumers and entrepreneurs. Many of them have become unwisely risk averse, thanks to the media sponsored recession!!
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