Tuesday, July 17, 2007

A Leader has the vision and conviction that a dream can be achieved!

When the going gets tough, the tough gets going.

This is true in every single field and probably the things that seem the most non sensical or weird at that point of time change the course of history for the better in such circumstances. Leaders are born, ideas are created, then celebrated and the crisis is converted into an opportunity.

“Build trenches and fill them” was the classic reply of the non Classic celebrated economist John Maynard Keynes on being asked how US could come out of the great depression. “Demand creates its own supply” was what he preached even at the height of the American depression and earned himself hundreds of critics . But a leader was born with this statement and his courage to make predictions.

He predicted that mass unemployment would be necessary to deflate sterling wages back to pre-war gold values and that falling unemployment would cause a higher price, not a higher inflation rate. Both his predictions proved to be right.

Another less celebrated economist who managed to do wonders for his country was Ludwig Erhard. In 1942 he started writing the book ‘War Finances and Debt Consolidation’ having already predicted at the height of German glory that Germany would lose the war .
Post 1945, observers thought that Germany would have to be the biggest client of the U.S. welfare state. Yet twenty years later its economy was envied by most of the world. And less than ten years after the war people already were talking about the German economic miracle. Erhard's motto being "Don't just sit there; undo something."

Come 1991, India faced its biggest economic crisis, with foreign exchange enough only to purchase two weeks imports. Instead of traditional thinking of tightening the belt, Manmohan Singh and Narsimha Rao, only one month into their Government, prescribed Stabilization plus a credible structural adjustment program. At the time when the nation was hit by its worst crisis since independence, Manmohan Singh dared to talk about his vision and dream of becoming an economic super power. He dared to make every Indian take an ideological journey.

The strength of these people’s influence can be seen by the wave of economists who have criticised these peoples thinking and the fact that their visions cut across ideological barriers.

adi

Monday, July 9, 2007

Admire the Gujratis and the Marwadis!

Wrote this article on the day i Quit my job.


My father had gone with his college friends for a trip to lonavla a few weeks back, well some interesting things about it.

They were 12 of them.6 gujratis, 4 maharashtrians,1 south indian and 1 catholic. All the maharshtrians were academically and technically far better than the gujratis. One of those gujratis took 8 years to complete his engineering.(i am not exaggerating) Today most of the gujratis in the group are crorepatis and all 6 of them have their own businesses. All the maharashtrians including my dad and the south indian guy are working in some firm although with good designations.

Coming back to the gujratis-3 of the gujratis did not have any family business and started all on their own. One of them even went to the extent of selling his house in order to get capital to start his business. Even he had a family to care for! A few of the gujratis went into losses, went through failures but still hanged on with their dreams which bore rich dividends. One of the gujratis started a factory that makes air-tight packets for chips,Lays, and other food items. My dad tells me not a single packet of this kind was ever to be seen 20 years back and not many people would have the vision to think of this demand around the millenium year. Mind you the economy ws a closed one until '91 and not many would have even thought that the wafer/snack market even in some rural areas would be captured by MNC's who would require these air tight packets for their food items.

Many have visions and plans, but it takes guts to follow your dreams, come-what-may!!!

Life is tough when you do not fit the standard profile. Most of the people sacrifice their ambitions for the want of security. Why is it that very few maharashtrians and south indians venture into business. Whenever they have done so they have done very well, infact outdone most of their competitors,but then the percentage of people actually entering into businesses is very less. My barber once mentioned to me: for the average guys as long as he owns his own house and has 24 hours running water in the tap he will be happy.

So what is so different about these gujaratis-marwadi businessmen. Not all are born rich. But would an average working guy even think of selling his house/jewellery to start off a business. Risk is something not present in their diction. Time and again economists have said that buying a house is not an asset but actually a liability. Renowned economists have advised the buying of an house only after one has settled completely in his profession and life. But for an average Indian the buying of an house for oneself is the biggest achievement!! (i agree there would be difference of opinions on this issue) and all his energies and investment is directed towards the buying of an house. So that by the time he reaches marriageable age, it puts him in a better position to bargain in a marriage scenario.

Hats -off to these businessmen who are the actually building the nations economy. Today the Patels and Shahs are controlling the worlds diamond and jewellery business. If any amongst you people have ever read Fredrick Forsyth(Negotiator if i remember correctly) or Robert Ludlum novels you will find that the shopkeepers name is often patel-yes-even in the US of A!!! Because their business sense has now got world wide recognition. The entire western coastal fishing is owned by gujus/marwadis and those from the hindi heartland who hire local people to help them earn profits.

I could go on and on about stories of how people i know , have made it big, none of whom ever fitted the standard profile of a middle class person.

Disclaimer :
I am not asking anyone to quit their jobs and make money but dont work for long in some job you despise just because you feel secure and the bean counters pay you your monthly cheque.



Neither am I saying that you should drive all your energies only to get rich for the sake of getting rich, but use money as a count to measure you success. Aim high and try to fulfill your respective ambitions.

Explore, Dream and Discover.....