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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Editor's note: Have you seen The Family Man? It is a great lesson in how the system works in India. In season one of the web series, there is a scene where the protagonist Srikant Tiwari (played by Manoj Bajpayee), a state intelligence officer, crosses paths with an official from the Brihanmumbai Municipal Corporation (BMC) who is threatening to demolish a part of a school that Tiwari’s daughter attends. The headmistress is distraught, and Tiwari intervenes and tries to defuse the situation. Not knowing Tiwari’s identity, the BMC official warns him, “BMC waala hoon, samjha? Phone ghumana hai?Ghuma le, ghuma ghuma. Kisi ka 100 rupaye ka challan kaatey na, to CM ko phone kartein hain. Kuch hone wala nahi hai, BMC commissioner ka order hai ye.” (I’m from the BMC, understand? You want to call someone? Go right ahead. People threaten to call the chief minister if they are fined Rs 100. It won’t do any good. We are carrying out an order of the BMC commissioner.) The assumed impunity of the BMC official typifies development economist Lant Pritchett’s characterization of a …
Editor's note: Have you seen The Family Man? It is a great lesson in how the system works in India. In season one of the web series, there is a scene where the protagonist Srikant Tiwari (played by Manoj Bajpayee), a state intelligence officer, crosses paths with an official from the Brihanmumbai Municipal Corporation (BMC) who is threatening to demolish a part of a school that Tiwari’s daughter attends. The headmistress is distraught, and Tiwari intervenes and tries to defuse the situation. Not knowing Tiwari’s identity, the BMC official warns him, “BMC waala hoon, samjha? Phone ghumana hai?Ghuma le, ghuma ghuma. Kisi ka 100 rupaye ka challan kaatey na, to CM ko phone kartein hain. Kuch hone wala nahi hai, BMC commissioner ka order hai ye.” (I’m from the BMC, understand? You want to call someone? Go right ahead. People threaten to call the chief minister if they are fined Rs 100. It won’t do any good. We are carrying out an order of the BMC commissioner.) The assumed impunity of the BMC official typifies development economist Lant Pritchett’s characterization of a …
Though the war in the Gulf is pinching the Indian economy, things aren’t too bad. But much needs to be done if the situation drags on or worsens, rather than waiting for it to come to pass.
Healthcare is one of the fastest growing sectors. For young professionals, the sector offers a spectrum of opportunities beyond medicine, spanning hospital operations, data analytics, corporate strategy, and digital health.
How well rural consumption is doing is subjective. What isn’t subjective is how growing indebtedness, combined with stagnant income growth, is creating a tinderbox for households, banks and consumer companies that no one is talking about.
Though the war in the Gulf is pinching the Indian economy, things aren’t too bad. But much needs to be done if the situation drags on or worsens, rather than waiting for it to come to pass.
Healthcare is one of the fastest growing sectors. For young professionals, the sector offers a spectrum of opportunities beyond medicine, spanning hospital operations, data analytics, corporate strategy, and digital health.
How well rural consumption is doing is subjective. What isn’t subjective is how growing indebtedness, combined with stagnant income growth, is creating a tinderbox for households, banks and consumer companies that no one is talking about.
