Entrepreneurship on the rise in India and China

On the backdrop of Global Recession, Indian and Chinese people have scored a bit more in entrepreneurial market. Previously asleep tigers and dragons are awakening now.

The entrepreneurship have been on the rise since 2008 only, but the recession has provided an excellent platform for the budding entrepreneurs. As jobs are shrinking, more and more people are thinking of setting up their own start-ups.


The link above gives a fair amount of idea as to why and how the entrepreneurship is on the rise. The website of Harvard Business School is good in providing such information. The site is named as Working Knowledge by HBS.

Lunatic Space Missions…

Recently the Chandrayaan mission failed due to some reason. But that failed mission opened some more windows in my brain. And through those windows came flying the thoughts, “whether these missions mean anything? What good they are gonna bring to us? Are all things like food, shelter and clothing achieved in India?”. Such and more compelling thoughts came in my mind.


Seriously, what Mission Chandrayaan will bring for us? The geological sample, some high definition photographs and a big hole to the National Budget. Except this what else are we going to achieve from it? Or are these missions some sort of status symbols, that Russia, America and other nations have sent their shuttles to Moon, Mars and where not and we are the only ones remaining? No doubt such science expeditions are important and necessary, but not at the cost of basic necessities. Russia and US have achieved what they could have achieved while going for such missions. They never ignored or sidelined the basic necessities of their countrymen. They have very sophisticated and advanced infrastructure, basic needs fulfilled. Thus their missions are justified.


But look at us. We don’t have basic needs fulfilled. We don’t have all men having food, shelter and clothing. Literacy rate is well known to everybody, basic infrastructure is not visible, not even distant. We spend less on Research and Development as compared to other developed nations. I agree that India is still a developing country, but for how long are we going to sing the same old song? We have been free from British since 62 years and what development we have achieved is nothing.


I know some of you will say we are the IT hub of the whole world, but what about those people who are living in rural India? What good are they getting from IT developments? They still have to pay Rs. 90 for one kilo of Cereals. They still have to face the scarcity issue, they still have to depend on unemployment salary.


I really don’t know what good are we gonna achieve by scouring Lunar land? Even if we find out all the elemental details of the land on moon, is it possible to have habitat there in near future? By near future I mean, the habitat is not possible for another 300 years. Even if the development is going to be achieved at astounding rate, how many from our world will be able to purchase a habitat there either on Moon or on Mars? Adding to this, Moon is having half of the gravitational power as compared to the Earth. Mars is not at all suitable for human habitat. Moreover none of the both have environment which humans need for survival. Then why to go for that?


Is this our immediate necessity? Lets not think of what US and Russia are doing for they have their stomachs full and are having nothing to loose. They have their pockets filled with hefty amounts and time which is not passing by. That’s why they seek such adventures. But such adventures are not our cup of tea. Our people are still dying to have at least one meal a day, forget about a cosy life.


I agree and will always vote for scientific developments, but not at the cost of our people. There are various other venues where we can invest these money and shift our country from “Developing” to “Developed”. Chandrayaan-I cost some Rs. 386 crores and Chandrayaan-II for some Rs. 425 crores. Now tell me can’t we turn India into a developed country with contributions of such hefty amounts? These missions are not the only wastage of money, what Hon. Mayawti ji is doing is also wastage. Our politicians have their accounts in Swiss Bank, get that money and clear all this mess.


Russia at this moment is sitting with a surplus of almost $75 billion. Their revenue is somewhere around $380 billion and their expenditure is $305 billion. And compare this with India and see where are we standing. For year 2007 Russia’s GDP was $1.27 trillion, and where is India’s?


Having said all these things, I am not saying that India should not venture into space missions. India should, but those missions should be for the benefit of common man. I have listed some of such ventures below.


1) Make internet available in rural India and that can be best done with such missions in space. Also make this available in cost effective price to people.

2) Build something that will give some candid and more in depth information about farming and environment to farmers.

3) Mobile service has been cost effective since some years now, but value added services are such that they add nothing in our mobile but subtract everything from balance. So with space missions we can work on this thing.

4) GPS systems which are regular things in foreign states is not even a distant dream in India. Our traffic scene is so horrible that we desperately need GPS system in India. This can to great extent minimize the traffic problems.

5) We have declared to introduce 3G service and Mobile number portability in India, but that’s still on paper. Nothing of both things are actually getting introduced. BSNL has introduced 3G but that will not be cost effective for common man.

6) With these space missions we can take education to a next level. With joining various libraries nationwide to one particular location or website or something like that, so that everybody from rural to urban India can benefit from it.

There are various other ventures which can be undertaken with space missions, but we are not going for that. Rather we are interested in discovering what’s on Moon and Mars.


DRDO which is a dedicated defence organisation for developments and research is doing nothing for developing some concrete solution for Indian Army. They couldn’t develop a bullet proof jacket for military, forget about something more sophisticated. US’s defence budget comprises for 70% of their whole budget. And in that respect where we stand? Might be at the bottom. We can invest this money in developing some good gadgets for Army men so that they can fight more aptly.


Similarly we lack research and development in Corporate India also. Companies in India pay less attention to R&D and more towards milking money. Is this the case with other nations? No! Certainly not, they pay full attention to R&D and their Govt. also supports them well. Thus they are able to develop good things for their public.


Literacy rate in Russia is 99.4% and where are we standing? I have a question for ISRO and other space research organisations in India, can’t we use this money for making education a better thing and joyful and taking our literacy rate to new heights?


There are more such things we can do to make our India a superpower, but only if we all wish and act accordingly. Space missions are good for everybody but not ignoring the basic necessities. Surely not keeping our people and their well being at stake.



Prasad B. Kulkarni


Go DESI Way…

Yesterday, when I laid back on my bed, I was thinking what made financial biggies like Lehman and Merril Lynch  file for bankruptcy? Unknown till this time, or rather never thought this will ever happen. Lehman being one of the four major, big Investment Banks, failed to keep the proceedings. The important principle of perpetuity in the process of corporate world has seized to work in case of Lehman Brothers.


And on the other hand, Indian companies, though felt some shocks or tremors of US Economy, sustained  their existence. After going through Media and Newspaper I came to know that, RBI had tightened the screws well in advance, in 2005-06, by going for Securitization.  I also came to know what made the debacle happen in the case of Lehman and Lynch.


After going through this, I felt good being a citizen of India. Being close to those who were craving for MNCs and Foreign Jobs, I was also attracted to it at first. But after careful study and thinking, I thought India is having a huge potential. When I was due for deciding whether to opt for MS degree from Foreign University or PG from Indian University, I decided to opt for “DESI WAY”. Why not??? Doesn’t India provide good education? There are foreign universities who are trying to venture into India now, seeing the potential and knowledge base here. So why follow those who seek Us??? Why not to go “DESI WAY”??


Now after US economy slowdown and debacle of Lehman Brothers and lot of other companies in US failing to keep their existence, India will surely surge ahead of them. Though there are talks that due to debacle in US, recruitments world wide will see recession. I don’t think that will happen. MNCs are still a good option. It is not that every MNC will suffer or all MNCs will suffer. So not to panic about those things.


But the thing I will be doing is “GO DESI WAY”. I will definitely opt for any Indian Company. Because these are the set ups, which will strive through anything. I see the Mantra hereafter should be “GO DESI WAY”. Why not we all come together and make India bigger than US. If we all opt for Indian companies, we will surely surpass US in coming years.


So when are you going “DESI WAY”???


Prasad B. Kulkarni

ITM B School

India in need of Structural Reforms…

Recently I came across some articles from the magazine Business and Economy. I was forced to think on the issue whether India needs Structural Reforms or not? Like categorised in the magazine I am on the side who support the Structural Reforms. 


Some of the facts mentioned in the articles were as follows:

1) 50% Indians don’t have access to banking.

So why should Indian Government think of letting foreign banks open their branches in India? That problem can be solved by making Indian banks reach to those public rather than asking somebody else to do that. Otherwise as suggested by IIPM Think Tank, let Indian Post start a new arm into Banking sector so that automatically almost all the citizens will get access to the banking. By asking Indian Post venture into Banking sector almost about 130,000 banks will be open.


2) Indian Railways is run by 1.4 million i.e. 14 lakh employees. The network of Indian Railways span over about 63,000 kms, around 18,000 railways run daily to nearly 8,000 stations. So this makes Indian Railways with more manpower than Indian Army. So structural reforms in Indian Railways will bring catalystic revolution in Indian Economy.

But currently the situation is bad. An live example of this is: A Kolkata-Delhi flight takes 1 hr 45 mins while the same distance travelled by fastest train takes about 17-18 hrs. On the contrary, A Barcelona-Madrid flight journey takes about 1 hr 15 mins and same by train counts about 2 hrs 40 mins. So we can better understand where we stand in the global standards.







We should learn something from France, China. We can see how technologically advanced they are. Corporatisation and Structural reforms are must for Indian Railways to prosper.


There are various other factors like Poverty, Unemployment where we can work for Structural Reforms. The Education sector today is most corrupted sector. There are so many malpractices in Education Sector. But nobody takes pain to solve such issues. Politicians are busy in extracting money and filling their bags, media is also running on the same path by not following main issues and making government take serious steps towards reforms. Just today I read some news about Politicians grabbing the money which was meant for Bihar Relief Fund. Such a pathetic is the situation in India. All everybody cares about is “Me and Myself”. “I don’t care about others” is the attitude everybody possesses.


There are various other issues in India, about which if I start to talk then time and space both will not be sufficient. Other factors are upto you people to decide and discuss. But this is thinking time for India. And I think India should opt for Structural Reforms keeping individual interestes.


Prasad Kulkarni

ITM B-School,

Navi Mumbai.

Chanakya Niti – Some quotes by Arya Chanakya

The man who evolved Economics

The man who evolved Economics

Arya Chanakya, the name is sufficient. No further need to describe as to who this person is, and what are his deeds. Unless you live on Mars, you won’t need the explanation.


But still, I am giving a short but sweet introduction of this great, epic personality. Chanakya was the Great Economist. His KUTILA Niti was well known to everybody. As you go on reading the quotes you will understand the depth of his thinking. And his source is nature. Everywhere he justifies his statement by giving some proofs from the Nature.


These days, we are following Management Gurus like Porter, Buffet etc. I am not questioning there credibility. But once you go through the Chanakya Niti, you will understand that Ancient India had all the wisdom the World needed most. India still has the wisdom, no doubt about that. But we are so much behind following the West that we forgot the Ancient India had everything for them. There is old saying (which Marathi and Hindi also contains) that “You have the necessary thing with you, but you still go on hunting for that.” Here are some quotes by the person himself:


1) A person should not be too honest. Straight trees are cut first and honest people are screwed first.”

2) “Even if a snake is not poisonous, it should pretend to be venomous.”

3) “The biggest guru-mantra is: Never share your secrets with anybody. It will destroy you.”

4) “There is some self-interest behind every friendship. There is no friendship without self-interests. This is a bitter truth.”


5) “Before you start some work, always ask yourself three questions – Why am I doing it, What the results might be and Will I be successful. Only when you think deeply and find satisfactory answers to these questions, go ahead.”

6) “As soon as the fear approaches near, attack and destroy it.”

7) “The world’s biggest power is the youth and beauty of a woman.”

8) “Once you start a working on something, don’t be afraid of failure and don’t abandon it. People who work sincerely are the happiest.”

9) “The fragrance of flowers spreads only in the direction of the wind. But the goodness of a person spreads in all direction.”

10) “Whores don’t live in company of poor men, citizens never support a weak company and birds don’t build nests on a tree that doesn’t bear fruits.”

11) “God is not present in idols. Your feelings are your god. The soul is your temple.”

12) “A man is great by deeds, not by birth.”

13) “Never make friends with people who are above or below you in status. Such friendships will never give you any happiness.”

14) “Treat your kid like a darling for the first five years. For the next five years, scold them. By the time they turn sixteen, treat them like a friend. Your grown up children are your best friends.”

15) “Books are as useful to a stupid person as a mirror is useful to a blind person.”

16) “Education is the best friend. An educated person is respected everywhere. Education beats the beauty and the youth.”

Father of Economics

Father of Economics