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Economics of happiness!

This blog is inspired and taken from the UPLIFT video on ' The Economics of Happiness '.       The Governments today are short sighted as they look for 5 years planning when they should be planning for at least 2-3 generations from us. In our pursuit of greed and getting wealthy we have lost our true purpose of being born. Human beings were born to preserve and appreciate the nature along with other animals in this ecosystem. We seemed to have forgotten it.        Economics in simple terms mean allocation of resources efficiently for all of us to sustain and survive in a better environment. Remembering that earth's resources are limited would help us realize our mistakes faster. We are to unlearn something in order learn something new. The focus of the industrialization has always been to make profit using people, which seems the unfortunate thing.        Mankind is supposed to become the caretaker of this universe. Are we? Ou...

New world!

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        At the end of the day, what matters is if we are giving back an ecosystem that our children are proud of? In simple terms, can the air they breathe, water they drink, food they eat be of good quality as we do now?  In our pursuit to compete and outsmart one another, we are destroying the natural resources that are available to us. At this trend, what will our next generation have? Hope you don't want them to rehabilitate to Mars or find another galaxy like milky way in another universe. Photo courtesy - Internet         What can we do to avoid this? At the corporate level, can we imbibe the values to conserve and protect our depleting natural resources? Should we follow the Bhutan way of carbon-free country? If so, our understanding of economical progress will be wrong. GDP or GNP will not an appropriate index to measure economic progress instead we need to look for Gross National Happiness Index(GNH). As simple as our quality o...

Make for India (or) Make in India!

        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...

Reformations needed!

     This blog is inspired by the article in economic times below on the need for Indian IT firms to reshape its technology and business model.                    Yes we in IT are undergoing the change again. We see the change coming across every 10 years...the change could be the technology, process or even the business model. Lets look at the three decades since 1991 when Indian economy opened up.        Mainframes were the most happening thing then...we then gradually moved to windows based systems like DOS and then GUI based windows NT. A major step taken towards the IT world we see today. The industry just boomed with no stoppage with Y2K adding the spice needed to keep up the growing curve. Just when we thought we are unstoppable the 2001 recession made us think are we in the right direction? Obvious downsides have helped the IT industry shape up better.         W...

Interviewing - what matters most? Content or the person!

Resume or CV is just an indicator of your performance. Don't you agree? Are you judging the person behind the content or just the content? Do you want to judge based on the content or talk to the person who is in front of you? Today my accidental experiment worked fine by not carrying my resume to the interviews for one of the most reputed organisation. I was honest to acknowledge that I did not carry a hard copy of my resume to the interview. I wanted to be judged based on what I truly am. It was an accident for sure but it did work.  I did have an alternative of carrying soft copy of my resume on my laptop to show the interviewers. With all due respect to them, they understood me well and interviewed me based on my response. Credit goes to the company and the interview panel as well. Maybe it is the beginning of something new in recruitment, at least in India. Is it a beginning of a new era of recruitment? Do you actually need a resume highlighting what you did to p...

Chicken or Egg first!

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        Do you think stock market today drive the news or is it the news driving the stock market? Tricky question right...it happened to be one of the best articles I read in economic times. The answer was as simple as stock markets (or rather equity markets) drive the  news and not the other way round.        However tricky it may sound, imagine if we were driven by news? Just the sheer news on the possible fluctuation of the market due to a major crisis could have brought down the stocks for that day. Wouldn't that call for being grateful that human minds are not that volatile. Thank God. Courtesy - Internet        At least the dilemma of which drives the other between stock markets and the news is resolved. But aren't we as humans faltering again in the field of AI (Artificial Intelligence)? Today we have started building robots as an experiment and to aid our routine tasks. Gradually it would mean we will be mo...

Learner or educated!

     What matters most? Are you happy being a learner or getting educated? If the answer is learning, then I believe you would agree that we are on the right path. Getting educated is good but today's top innovators have proved that today's education system is destroying the self learning process.  Elon Musk, Bill Gates are few examples in US, Srinivasa Ramanujan a mathematical genius has proved that getting formal education is irrelevant.      The future of education lies in continuously unlearning and learning what is necessary. I would like to deviate a bit. Can you keep on learning something you are passionate about as long as you believe that is going to make a difference to the human kind? Wouldn't that be the more satisfactory than just learning what is necessary?      Life long learning is the need of the hour. Can I have an open program with universities and start learning every course that I am interested in at any stage of ...