Thinks 337

Harish Chawla on India as a unicorn nation: “India has been a fragmented, under-capitalised, highly informal economy with low trust and high friction. But now, significant productivity gains will come from improved access, lower transaction costs and increased participation of our population in the productive economy. Each time your FASTag is charged digitally, or you pay your kirana store, or order a meal home via online UPI transfer, a tiny fraction of efficiency gets released, and someone gets productively employed. Multiply this a trillion times a day, and you will start to realise why the ‘Demographic Dividend’ that eluded us this entire generation might finally manifest via the ‘Digital Dividend’ that Covid has gifted us…When we look back after a few decades, 2021 will be remembered as the year when India rewrote the playbook for business innovation and growth.”

Shikha Dalmia: “I now firmly believe Ronald Reagan’s observation that freedom is “never more than one generation away from extinction” regardless of whether we are talking about a young liberal democracy like India’s or an established one like America’s. The relative stability and prosperity of the last half-century should not lull us into a false sense of confidence. Civilization always teeters on the edge of barbarity.”

Peter Bevelin: “I don’t want to be a great-problem-solver. I want to avoid problems – prevent them from happening and doing right from the beginning.” [via Shane Parish]

 

Published by

Rajesh Jain

An Entrepreneur based in Mumbai, India.