Showing posts with label economy. Show all posts
Showing posts with label economy. Show all posts

Wednesday, December 18, 2013

Half cooked year



13 started with slogans that this year belongs to you (saal tera hain.) Year started with outrage over Nirbhaya. Obama took over his second term. Indian economy sluggish and Govt at helm paralyzed. What has happened over the year? Year of 11 was revolution. Year of 12 was year of failures. I would define this year as semi cooked. We had semi finals of elections won handsomely by opposition and has given rise to another uncooked player called AAP.  Government tried to be decisive but again failed on all fronts the situation being undercooked. BJP has shown hope in declaring PM candidate who definitely will mean business irrespective of empty rhetoric of unacceptability around him making him appear semi cooked again. Year 14 will be landmark as we will see finals and finally someone will complete the process.
On International front, Obama took over his second reign which took severe beating during standoff on healthcare reforms which were found undercooked, Snowden snooping accusations. But then did some diplomacy with Putin and Iran over Syria and Iran nuclear. Thankfully US economy has shown signs of recovery due to inherent basics. China continues to be aggressor across East Asia and had unstable issues with India. Though Chinese growth story is not impacted by global recession as it has Indian story but some sheen veered off. Also basic issues of freedom and separatism impacted it internally. Arab revolution countries continue to be unstable like Egypt, lybia. Syrian crisis now has taken serious turn. European economy has done very little to show signs of recovery though Northern countries remain solid as usual. Pakistan the perpetual migraine had elections and Nawaz Sharif returning but with imminent afgan pullout things stand fragile and its warning for India as well. SAARC neighbours had their set of problems where India has to be very careful especially in Bangladesh, Srilanka and Maldives. The ASEAN movement participation was the only positive for India.
On domestic side, country remains indecisive, paralysed and corrupt. On defences matter we remain weak as our soldiers were killed and mutilated. On foreign policy we remain weak. We had new scams and old scams returning. We have dual power centres: MMS vs Gandhi family. We had corrupt UPA allies having their pound of flesh. We had good for nothing ministers. In any other country, this kind of performance had no chance of returning to power in 14. But in India, things work differently and our voting patterns, politics we cannot say that for sure. BJP won in 4 states (I include Delhi as its largest party). System has shown what good meaning executives can do. People like them. I don’t say BJP is incorrupt but Nation had done well from 99-04 under Vajpayee and UPA1 reaped benefits before destroying economy since 09 under UPA2. AAP is new entrant and its largely driven by individual egos. The success in Delhi can be attributed to situation in Delhi which saw public anger during Anna agitation and Nirbhaya protest (13 saw more cases like Gudiya etc). But their agenda seems more flawed than communists and even UPA in terms of free lunch promises. The idealism can sound good but my advice to AAP is to be more mature and wait till 19)
Indian economy has gone worse and if you add impact of faulty UPA promised of food security, RTE etc, 2014 sounds worse. Only hope is elections and reforms which can be as a part of election agenda. Also RBI under new leader remains firm against politics. Slowdown has impacted various sectors. IT industry has taken up new challenges in cloud, mobile, healthcare.  Many new products are emerging from India. Good reports out of silcon valley also help us indirectly. Education though suffered thanks to political intervention. Aviation industry has some new hope after kingfisher debacle in form of tata ventures. World business has some new paradigms opened by internet 3.0 Analytics, Big data and social media 2.0. Core manufacturing, clean and non conventional energy have taken centre stage
Environment continues to suffer and we have seen more catastrophes in 13 than any other year. In India we had a semi man made disaster in Uttarakhand where thousands of people lost lives. Worldwide Hurricanes and earthquakes pounded people. It’s high time people do something to mitigate and help future generations.
On sports side, to start with cricket we had God retiring. Cricket will never be same. Nostalgia hit us when we actually realized that how we have evolved along with Tendulkar as a country. Of course in 12 we had seen lowest point of home defeat against England. 13 saw revival which again is half cooked. We won at home vs Aussies. New team India won champions trophy and few odi series. But the real test (or final) will start in SA during Dec 13 and later in Eng, Aus, NZ in 14. But new generation has sown some promise. Bowling continues to be a worry. On world scene Aussies are reviving and England seem on decline. SAF continues to rule but unless they have some ICC silverware they will not be treated as champions.  Viswanathan Anand’s reign ended in Chennai. Leander amazed everyone by winning US open doubles at the age of 42. Saina struggled. Hockey team struggled. Politics and drug again hampered other sports. Lance Armstrong was disgraced and corruption in soccer and tennis also saw its ugly head. IPL in India was disgraced by spot fixing as well.  Federer had an ordinary year when Joker , Murray and Nadal shared the spoils. All look forward to big year for Indian cricket with away series, ICCT20 and biggest soccer carnival in Brazil .
On cinema, again new directors and genres tried but stars and half cooked idiotic comedies in 100 crore school ruled. Hollywood also continues to have vampires and werewolves to rule though there is new trend of cinematic dramatization of classics. Marathi drama saw top actors performing but we lost many stalwarts. Art and Music saw some new entrants with promise.
On state front, even in later of 14 we will have finals.  Its really time to change this governance where there is corruption, law and order situation is so grave that activists are murdered in broad daylight even i city like Pune. What can you expect from such team of self serving leaders? Do we have option? New parties again serve interest of their leaders with large egos. Opposition is totally divided. Its high time people unite and provide stong option. Thankfully 13 saw good monsoons as compared to the draught situation in 12. Hope irrigation scams wont impact in 14.
City of Pune saw man made tragedies like Shindewadi. BDP, new DP, BRT, Metro, water situation remain unchanged. City lacks leadership and hope in 14 we have one. Expessway and National highways around pune continue to be death traps. We wish real change in 14
On personal side, this year saw a landmark birthday celebrated in that stature. I had change in address which again was landmark. I was able to do some service to society and IIT almamater. Professionally and personally things went well though hectic towards end, though some issues remain uncooked for 14. Need full attention, intent to make those fully cooked in 14 which seems to be the final frontier on all counts.
Lets hope 14 brings all those changes and cook the broth fully. Bit it comes with warning that if cooked more it will be burnt. And thats a possibility as well.

Wednesday, February 13, 2013

Revival


Revival is order of day; be it economy, be it politics, be it cricket, be it society. As we enter second half of the second month of year 2013, which had a bad start in addition to legacy of 2012 which was year of failures.  Somehow many will agree that speed of time flow is incredibly fast in 2013 though it may sound as cliché or for that matter anomalous as wheel of time moves it same speed since the big bang.  But having seen almost 45 days of New Year, seems like 2013 has different properties. 

Government seems to be acting especially against sending strong message to enemies of India irrespective of what lefts, seculars and anti nationals say against Afzal Guru hanging. Noises for Modi as PM have already made an impact so that govt had to take cognisance of it and act. If Modi outside power can create such an impact, what will happen if really he is give n charge in 2014? That for me sounds remote as Indian voters don’t vote by emotions, logic, ideology or development, they vote based on established equations, patterns, cash and demographic vote banks. And Indian media and elites have some agenda to derail Modi and his politics of development. But media is scared and that can be seen in endless debates on secularism and under mining of Modi. The British mindset of ruler and elites in India has not changes even after 60 years of freedom. Our Independence struggle has replaced British with new elite class which has ruled politics, media, society and business. Though after liberalization business in India has been relatively set free and they can have role to play based on what suites them. Government has taken note of public outcry and seems to heed for social media opinions and thus seems to have some decisive plan to defend its urban educated vote base. More interesting will be budget when populist and vote bank schemes which were highlight of UPA 2 will get financial support or will they be diluted on backdrop of reforms. That will clearly be the signal even as step to have Rahul Gandhi projected at PM carries no immediate political gains. Not that all will be revived if Modi is at power. It has to be seen if he can master coalition politics and yet push forth his development card. And here i do not wish to repeat that secular, corrupt and damaging political/elite systems which ruled for last 55 out of 60 odd years will make it impossible for someone well meaning, corruption free like Modi to act in benefit of India.

That brings forth development and economic growth which needs revival. Here 2013 will have to play a major role in defining 2014 and beyond. World economy seems better than 2012 especially US showing signs of recovery. European crisis still looms but some mitigating steps have been taken. Indian 2012 was poor with reduced growth, high inflation, BOP crisis, bad governance, corruption, famine all colluding to have gloomy impact on economy. Govt seems to be irrationally bent upon collecting taxes to narrow deficit sometimes illogically driving away investors. Govt also vacillates on key policies. Thus budget of 2013 will define the direction. Thankfully guidance for IT companies is bullish and we can see better job market further boosting the spending in real estate, consumer markets and auto. Thus we should look forward to PC to take steps to revive economy.

Will Narendra Modi and his development politics as an answer to a better 2014 and beyond....... Only time will tell but his chances are very slim for now. But you never know.

Same is for society. 2013 started on bad note for safety of women.  Though some laws have been straightened but much more need to be done. Issues like female infanticide, khaps, inequality still remain challenge for society. Thus society needs revival

State govt of Maharashtra is busy exploiting draught. Draught relief is proven industry for some. Energy crisis looms and no steps seem to be taken anywhere. Blame the coalition. Opposition is divided now with MNS declining to join any one. Thus this government is safe. So revival in 2014 seems distant.

Education system needs revival as IITs are abused. Govt is playing with students on exams, RTE and some evaluation dictats. Need experts to manage rather than politicos.

Civil society movements need revival and need to align with opposition to make an impact. Somehow hopes with likes of Arvind Kejariwal, MNS seems dying down as individual ego based politics lacks mass appeal.

Pune city needs revival on infrastructure and environment but people at helm are real estate tycoons and anti social elements so chances to develop city and remove corruption remain remote

Finally Indian cricket needs revival after nadir of series loss to England at home. Australia seems lesser challenge than England who had good pace and spin attack along with experience batting. Aussies  batting apart from Clarke and Watson seem inexperienced, also with lack of spinning option could hurt them but Indians should be beware of their young pace attack. But have Indian selectors taken look at larger picture that is future? Starting with captaincy where they don’t seem to have alternative despite Dhonis’ failing as test captain and batsman.  So at least they should groom someone for future by naming him VC; only candidate being Virat Kohli who is only certainty in playing eleven apart from Dhoni and Sachin till he retire. Sachin should be asked about his future clearly up to what time he can play and plans should be to use his experience. Some tough calls are necessary.  Young guns like Rahane, Dhawan, Tiwary should be given chances to cement their places like Kohli and pujara.  So that leaves Sehwag . But Sehwag was needed against aussies. It will be his last chance like sachin. On bowling getting back to Harbhajan was tactical for aussies and i feel he should be played ahead of ashwin. Fast bowling is strengthened by bhuvanesh. So once varun and yadav get fit we may have better picture for future. Let’s hope there is revival there

So during this romantic period of year , lets hope that we see revival.......

Wednesday, September 28, 2011

Last Quarter

As we enter last quarter of 11, seasons have changed globally. Rains have given way to autumn here. Fall has already started in US. English summer has ended. Its now 3D time, dandiya-dasara-diwali. This is special season for fun. Then after lull of november the king of the months set in with winter, parties, travel, events personally for me. Empirically for me, new things plan start from Oct and firm up in Dec and next year is action to get into some herrings by monsoon and 3rd quarter, which creates need to innovate on that plan in last quarter. I think its the same everywhere. In india, people traditionally start their conquests on dasara. so time to regroup and recharge. This year was fabulous in terms of getting back to old dreams. Live cricket, treks, world cup win and last but not the least Purshottam karandak.
This year had a chance to see final plays of purshottam karandak the most prestigious intercollegiate drama competition in pune. I had partcipated in 91 and now after 20 yrs was back at bharat. the slogans, the shouts etc were the same. tempo and prestige has increased. The quality of drama was amazing to believe lack of professional touch. that was the case in our time as well that alumni who later went big into professional stage used to proxy direct the plays. Now i think a trend of outsourcing can be experienced. so we have merceneries (motivated by money than college pride) helping out. But issues, depth , acting etc was amazing.
As coming back to 2011 last quarter, world economy still continue to scare. The mild shackles which were being broken in 2010 are again back. Companies are more scared. IT companies though is cautious. But its easy to predict a large panic like situation eauivalent to 2008 levels. and this time india wont be so lucky as inflation, rupee and interests have gone to recession levels as global slowdown has caught up this time and internal parameters are unsound. Need some real good policy making. But govt seems to be on tricky situation due to corruption and other political issues. The Euro govt intervention and US policies also are eagerly observed and any trend can setin mass actions from investors. Markets have already taken beating here. So 2012 will be fingers crossed and can turn out landmark. Ofcourse there still can be opportunities for innovation. tech scene is also tricky with new paradigms are set in cloud, mobility, social media. But end clients adopting them in such situation is a big question mark. again there is room for innovation.
Few new lessons learnt during rainy season last time can be bit help as well.
that marks beggining of new season, new hopes, new plans. Last quarter has always been challenging... same with indian team to recoup after a disaster that was in english summer.