So back from my business trip to Mumbai (also took in a few days R&R at the Leela resort in Goa, very nice).
Well, India has changed massively from my previous trip more than 20 years ago.
The airport is brand new, the roads are all new, new and impressive buildings everywhere, large shopping malls with international brands, a building boom that puts even London's to shame.
But by taking a walk you can see the old India of poverty, dirt and squalor still exists under the surface, coexisting with the new India.
If you are a professional it seems you can exist totally in the air conditioned new India, only interacting with the old India in terms of the servants/help.
But I think the biggest change is the confidence that wasn't there 20 years ago. Many Indians have been educated abroad in the US and come back and they're brimming with get-up-and-go.
The "bobs" we get here on ICTs are definitely the 3rd raters.
With its GDP growing exponentially, it's all for India to lose really.
They still make some extraordinary blunders e.g. when I was there was diificult to get currency since they had removed some denominations of notes from circulation (demonetisation) which affected the economy.
But on the whole India's free-wheeling enterprise economy seems to be more robust in the long run than China's planned one, albeit with strong headwinds of corruption.
If they addressed the corruption, that 7% compound growth pa would rise to an astonishing 10%, I've no doubt.
Fascinating place and one to look to invest in somehow if you are canny.
Well, India has changed massively from my previous trip more than 20 years ago.
The airport is brand new, the roads are all new, new and impressive buildings everywhere, large shopping malls with international brands, a building boom that puts even London's to shame.
But by taking a walk you can see the old India of poverty, dirt and squalor still exists under the surface, coexisting with the new India.
If you are a professional it seems you can exist totally in the air conditioned new India, only interacting with the old India in terms of the servants/help.
But I think the biggest change is the confidence that wasn't there 20 years ago. Many Indians have been educated abroad in the US and come back and they're brimming with get-up-and-go.
The "bobs" we get here on ICTs are definitely the 3rd raters.
With its GDP growing exponentially, it's all for India to lose really.
They still make some extraordinary blunders e.g. when I was there was diificult to get currency since they had removed some denominations of notes from circulation (demonetisation) which affected the economy.
But on the whole India's free-wheeling enterprise economy seems to be more robust in the long run than China's planned one, albeit with strong headwinds of corruption.
If they addressed the corruption, that 7% compound growth pa would rise to an astonishing 10%, I've no doubt.
Fascinating place and one to look to invest in somehow if you are canny.
Comment