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Showing posts from September, 2023

Friday Night Melodies

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Friday nights offer an opportunity for relaxation and in such moments, immersing in timeless classics makes it even more relaxing. Tonight, I find solace in the soothing embrace of music, using my curated playlist as a conduit to unwind. So here are some timeless classics from the playlist               

Transportation and Automobile - Consumption revolution

The transportation and automotive landscape is undergoing a remarkable transformation, fueled by several influential trends that are redefining the way we move and commute. These trends reflect not only changes in consumer preferences but also advancements in technology and infrastructure development. Let's delve into some of the prominent trends that are shaping the present and future of this dynamic industry: Preference for Larger Cars and SUVs : In recent times, there has been a discernible shift in consumer preferences towards larger vehicles, such as SUVs and crossovers, as opposed to smaller hatchbacks. This trend is indicative of changing lifestyles, with individuals seeking more space, comfort, and versatility in their vehicles. Electric Vehicle Revolution : The global push towards sustainable and eco-friendly mobility has spurred a significant adoption of electric vehicles (EVs). Both in the four-wheeler and two-wheeler segments, EVs are gaining traction as governments and...

23

I've often heard about certain numbers being considered lucky or holding significance for individuals. Today, I found myself reflecting on one such number - 23. As I reflect on it, the number 23 seems to be woven with a thread of delightful memories in my life. First and foremost, both of my children were born on the 23rd, There's also that one girl with a pretty smile whose birthday falls on the 23rd, and then there's Cookie, who found her way into our world on the 23rd. Today marks a significant milestone – it has been three months since Cookie came into our lives and found her forever home. Watching her grow and blossom into a fine young dog, Cookie never fails to leave an impression on everyone in our building. Over the past three months, I've come to realize that having a pet is a profound responsibility. It has the power to bring out the very best or the most challenging aspects of one's character. The journey with a pet demands discipline, patience, and a dee...

Construction and Electrical goods - Consumption revolution

As our economy continues to expand, urbanization and job opportunities drive people from rural to urban areas, leading to a substantial influx of funds back into the rural economy. This migration sparks a surge in demand for housing, a phenomenon reminiscent of Bengaluru's early 2000s experience. This period witnessed a clamor for both affordable rental homes and premium self-owned residences, prompting residents to upgrade and modify their living spaces. A similar trend is now unfolding in tier two and three cities like Mysore, Mangalore, Coimbatore, Vijayawada, Vizag, Aurangabad, and Lucknow. With the burgeoning construction industry (encompassing residential, commercial, and industrial projects), the demand for various resources and components has witnessed a notable uptick: Essential Construction Materials: Cement, steel, iron, pipes, and paints, along with electrical equipment, are now in heightened demand. Home Interior Requirements: Elevators, ceramics, house fittings, and f...

FMCG - Consumption Revolution

Fast-moving consumer goods (FMCG) stand poised to reap the rewards of an upswing in discretionary spending, showcasing the potential for substantial growth within a moderate price range – spanning from a few hundred to several thousand rupees. Let's delve into illustrative instances: - We all will recall the prominence of glucose biscuits such as Parle G, Milk Bikis, and Tiger – beloved staples of my generation. Yet, as the mid-2000s rolled in, their appeal gradually dimmed, yielding ground to the allure of premium alternatives like Good Day. In the contemporary era, these very consumers are gravitating towards indulging in upscale cookies. Companies are attuned to this shift, devising strategies to introduce premium brands by enlisting influencers and actors, all while honing their focus on a younger demographic. - Reflecting on the 1990s, the introduction of the shampoo sachet emerged as a resounding success. Over time, the same cohort shifted to smaller bottles of shampoo. Now, ...

Why 2000 $ Per Capita GDP matters

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Throughout history, the $2000 per capita mark has stood as a significant turning point. When the per capita income is below this threshold, the populace primarily focuses on meeting fundamental necessities. As incomes climb and surpass the $2000 per capita milestone, a notable shift occurs toward discretionary spending. Reflecting on notable instances of this transformation: Australia achieved a per capita GDP of over $2000 in 1964, experiencing remarkable growth over the subsequent decade. Within the span of the following ten years, the growth rates surged, propelling the per capita GDP to threefold, reaching $6500. South Korea surpassed the $2000 per capita GDP mark in 1983. Over the subsequent 24 years, the nation witnessed exponential growth rates, resulting in a twelvefold increase in per capita GDP, soaring to $24000. China achieved the $2000 per capita milestone in 2006, and within the subsequent 16 years, the nation's transformative growth became evident. Presently, China...

Biggest looser

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The recent G20 event provided Bharat with a golden opportunity to exhibit its soft power, rich culture, historical significance, exceptional negotiation skills, and the ability to captivate a global audience. While Bharat seized this moment, some countries found themselves competing for an entirely different title - that of being the "biggest losers." Notably, China and Canada stood out in this regard. China's approach to the G20 event was marked by a stark absence, as its president opted to send his deputy. Moreover, China sought to thwart the passage of numerous resolutions, but Bharat's diplomats skillfully garnered the support of world leaders, successfully securing agreement on critical resolutions and joint declarations. China received a substantial setback when Italy announced its decision to exit the Belt and Road Initiative, opting instead to join Bharat in the creation of the Middle East and Europe Sea and Rail corridor. This ambitious corridor establishes v...

The Changing Consumption Trend in India

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In a previous blog, I delved into the intriguing concept of the Consumption Revolution. Yet, I left a pivotal question unanswered: What underpins my firm belief that we are poised on the precipice of a transformative consumption revolution? The year 2019 etched a significant mark in India's economic narrative – the per capita GDP surged beyond the $2000 benchmark. This achievement stands as a resolute testament to a maturing economy, characterized by an expanding middle class and amplified disposable incomes coursing through the populace. Recent GDP per capita trends further solidify this narrative: India's GDP per capita for 2022 was $2,389, showcasing a robust 6.72% surge from 2021. In 2021, the GDP per capita hit $2,238, marking a notable 16.98% escalation from the preceding year. A slight dip of 6.68% saw India's GDP per capita in 2020 at $1,913, following the remarkable milestone of 2019. The year 2019 witnessed India's GDP per capita at $2,050, registering a comme...

Remembering 9/11

In the year 2001, I was just one year into my career, stationed in Mumbai and employed by Patni Computer Systems, which would later undergo several transformations, ultimately becoming a part of Cap Gemini. Those were the days when working until 7.00 pm was a routine practice, owing to the numerous customer calls and the necessity to wrap up work after conference meetings. One of our prominent clients at the time was Guardian Life, whose office building was located just a few blocks away from the iconic Twin Towers in New York City. It was a regular evening on September 11th when, at around 6.30 pm IST, I overheard murmurs from the adjacent cubicle about planes being hijacked. We initially continued with our work, not fully comprehending the gravity of the situation. However, as the evening progressed, the shocking news reached us that two planes had crashed into the Twin Towers. Despite my relative inexperience in the corporate world, I couldn't help but sense that this event woul...

G20 - Bharat has arrived

Bharat has achieved an extraordinary feat with the 2023 G20 summit, setting a new standard for inclusivity, cultural vibrancy, and goal-oriented diplomacy. Under the theme "Vasudhaiva Kutumbakam - One Earth · One Family · One Future," this summit stands out as the most remarkable in G20 history. The scale of this event was nothing short of unprecedented. Leading up to the two-day gathering of world leaders, 220 meetings took place across 60 cities, with over 25,000 delegates hailing from more than 115 countries. Here are the key highlights: Consensus on Ukraine: The summit yielded a historic joint statement regarding Ukraine, highlighting the collective commitment to addressing this pressing global issue. Expanding Membership: G20 welcomed the African Union as its 21st member, enhancing its global representation and reach. MAHARISHI Initiative: The launch of the "Millets And Other Ancient Grains International Research Initiative (MAHARISHI)" demonstrates a dedicatio...

Life Lessons from an Inspirational Visionary

During a recent social gathering, I had the privilege of being introduced to an exceptional individual – a name widely respected by old-timers in Hyderabad. While he keeps a low profile, he commands significant recognition among the elder generation. While those of my generation might not be familiar with him, our parents would undoubtedly recall his influence. Delving into his intriguing life story revealed a remarkable journey that started with his parents' arrival in India during the tumultuous partition of 1947. From humble beginnings, his father laid the foundation of a modest trading shop, which served as the stepping stone for their family's future. Growing up amidst the bustling streets of Hyderabad, he followed an unconventional path. Though formal education was limited, his innate curiosity led him to the realm of real estate and construction. Over time, he emerged as an emblem of resilience and vision. Today, nestled in the heart of the city near the iconic Birla Man...

"Consumption Revolution: Unveiling a Century of Growth and Opportunity"

In 2008, then-US President George W. Bush made a statement that drew attention to the role of India's burgeoning middle class in the rising global food prices. His observation highlighted that India's vast middle-class population of 350 million, larger than the entire population of the United States, was contributing to increased demand for better nutrition and food quality. This surge in demand, he suggested, was a driving force behind the escalating prices. Although this message lacked precision in its delivery, it echoed the sentiment that the evolving dynamics of India's middle class were making a significant impact on the global stage. Fast forward 15 years later, Bob Sternfels, CEO of McKinsey & Co, proclaimed that India was on the cusp of not just a decade, but an entire century of prominence. Sternfels described India's trajectory as transformative and comprehensive. He outlined key factors that set the stage for India's ascent, including a sizable worki...