Blog me...curiosity redefined

          Again am stressing the point Man is known for creative destructive nature. We are creating the digitalised world with social media, mobile, cloud, analytics (SMAC) technology that is predicted to be equal to the physical economy by 2025, referring to Brian Arthur's article ' The Second economy '. No wonder this second economy will create a progressive path for few with lesser jobs for the majority, the bigger impact is the divide. Arthur in his article talks about producing wealth with uneven wealth distribution. If this is bound to be true, the world is staged for the next war - Rich vs Poor.             If I imagine the digital economy to prosper in the next decade to its full potential, the economic impacts would be a greater divide between the rich and poor. The most unfortunate thing about this being the economic progress without jobs. I am sure, many countries including India have already started see this kind of ...

        Grammatically it is just a preposition that is the difference - 'For' or 'In'. Would it make a difference? Lets understand it from economic stand point of view. Way back in 2014 when Raghuram Rajan was Indian RBI governor, he suggested that ' Make For India ' would be a better strategy for India rather than the PM Narendra Modi's 'Make In India'.  Primarily this was because India has a high domestic consumption and demand driven due to its demographic advantage (average age of Indian population being around 28 years).         It is obvious that India does not want to become another China whose economy is driven by huge exports and investments. The proportion at which Chinese companies production to consumption is way too much and this leads to export driven economy. On a contrast, Indian economy is driven by its domestic consumption. 'Make In India' approach might lead India to follow the foot steps of China by exporting the surplus...