The Making of India - book launch Uday Kotak observes, “Markets and economies worldwide are in a state of constant tumult led on by a string of known and unknown unknowns. In a connected world, the ever changing global flows of money, ideas and people, has led to unpredictability being the new norm. This timely book makes meaning of the many seemingly disparate, yet interconnected sequences that inform these events, to help the reader benefit from this creative chaos. February 4, 2015 17:14 IST Uday Kotak, Executive Vice Chairman and Managing Director, Kotak Mahindra Bank Limited launched ‘The Making of India – Game Changing Transitions’ – a book by Akhilesh Tilotia, Associate Director and thematic analyst with Kotak Institutional Equities. The book traces the arc of India's demographic dividend through the varied transitions taking place in the economy from their finding of jobs to making their homes. The book documents and forecasts the forces shaping India's employm...
Financial Express The new normal after Covid-19 requires a re-imagining of macroeconomics: we need to start defining the contours of, and measuring, the fourth sector. (First of a two-part article) “There are three estates in Parliament but in the Reporters' Gallery yonder there sits a Fourth Estate more important far than they all. It is not a figure of speech or witty saying, it is a literal fact, very momentous to us in these times.” Edmund Burke's quote highlighted the rising of the Fourth Estate as press and media became an important pillar of the society. A similar momentous time is upon us again, courtesy the pandemic, as we recognize what brings income and wealth to the society. In an earlier article , “ Getting India digitally ready: COVID-19 pandemic highlights urgent need to build digital cocoons for the whole population ” (May 15, 2020, The Financial Express), we had looked at the importance of and need to build “digital cocoons” for a large segment of India’s p...
Financial Express India can learn a lot from its experience in managing cash – getting a billion people what they need can be planned effectively A vaccine for Covid-19 is expected to come sometime over the next few months – hopefully in this year. Once a vaccine is available, getting it to India’s billion plus people is a logistical challenge with many moral and ethical questions attached. How should India plan for the vaccination program? Before we go there, let us recognize that a few very important questions still remain to be answered. What shape and form the vaccine will be remains to be seen: it is expected that it will be intravenous and hence may require skilled or trained practitioners to administer. It is also not clear whether there will be only one vaccine or many competing ones, and how effective each might be. All of this will feed into the number of doses that might be required – whether a single shot would do or multiple jabs may be required. Hopefully, India will...
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