I have been wanting to write this for a while now but it just dint happen …. !! I happened to attend my friends convocation ceremony @ IIMB about a month back and it turned out to be quite good ...
"I wish I were 27 today…." was pretty much the gist of Mukesh Ambani's address to the graduating students of IIM-B, thus emphasizing the growth potential of the Indian Economy.. What impressed me most was the clarity with which he put his ideas and opinions forward.. He talked about the future of entrepreneurship and the scope this generation of entrepreneurs have …. say 10 years from now when compared to the scope the entrepreneurs had say 10 years ago .. !
Things are looking more promising than ever although there is still caution if India is going through its purple patch now and things might be the same say a few years from now … !! Everything said and done from my perspective India is going to outgrow the rest of the world … if not as quickly as some of the analysts predict (say by 2025) but by atleast 2050.
Here are a few points that make me feel so ….
- the FDI coming into India
- Look at the consumption increase in the middle class .. They are able afford more … so the demand-supply equation changing drastically …
- Reliance the largest Pvt. firm in India showed the way when its owners upped their stake in RIL by share buy back which is a good indicator of things to come … !!
- Railways made a profit for the first time in its history … :) wow ….
- The increasing activity of Private Equity firms in fostering new generation entrepreneurs … The growth of the micro credit domain … and the list goes on and on …. !!!
Forgot to mention that there was one more speaker at the convocation ….Nandan Nilekani… but his speech was at best "bad" if not worse .. He seemed to have put his sentences together on the stage or his speech writer must have given him his pages in the wrong order .. He picked out exact sentences from "World is Flat" by Thomas L Friedman .. I know Friedman's book mentions Nilekani's name quite a few times but that doesn’t mean he needs to pick up the sentences straight from the book that too in a random order .. ! To be frank I was quite disappointed with his speech and so too were a couple of my friends ….
