Six Sigma Project Team Members
The actual work done in a Six Sigma project is done by the members involved. The Project Lead, Finance Certifier, Project Coach are all planning and enabling the team members to work in some way. Since the Project Team is usually a heterogeneous mix of people from different departments, there is no uniformity in the […]
Six Sigma – Outputs in the Measure Phase
A large amount of work needs to be done in the measure phase. This work also has a large impact on the performance of the subsequent phases, hence it is essential that the tollgate deliverables be understood and applied. The activities done in this module set the tone for how the rest of the process […]
Why We Should Not Let the Present Global Crisis Go Waste and Make Positive Changes
Never Let a Serious Crisis Go Waste The Chinese term for crisis is a combination of danger and opportunity, which means that a crisis is a good time for opportunity as well. In other words, whenever we are confronted by a crisis whether it is personal or collective, we have the chance to make serious […]
As the World Ages, are we prepared to deal with the Consequences of the Shock of Grey
The Consequences arising from the Shock of Grey The world is ageing before our eyes, and the moot question to ask ourselves as citizens of nations, as employees and workers of corporates, and as children of aged parents as to whether we are ready for the consequences of the so-called “Shock of Grey”. This term […]
The Business Model of Amazon
Investors just can’t seem to get enough of Amazon. Even though Amazon is already the world’s fifth-largest company, investors believe that it is only just getting started! It already has revenues of $125 billion per annum. It is targeting revenues of more than $500 billion in the next few years. Startups have grown at this […]
The recent report by the World Bank about doing business in India places the country at 130 among the nearly 180 countries surveyed. India has risen by four places as compared to 2015 and other parameters in the index have improved.
The change of government in 2014 which ushered in a pro business and pro-reform dispensation headed by Prime Minister Narendra Modi is cited for the noticeable increase in developmental indices such as the GDP (Gross Domestic Product) growth rate, FDI (Foreign Direct Investment) inflows, and an overall increase in competitiveness.
For instance, the GDP growth for the last two years has been above 7% (though there are some doubts about the methodology followed), inflation has been tamed and cooler at around 5%, the FDI for the last year has been at $63 Billion surpassing even China that has been a global benchmark for the last decade or so in terms of attracting foreign capital. All these measures seem to indicate that India is indeed a “rising star” and is being seen as the “fastest growing major economy” in the world.
Having said that, it must also be noted that while the market sentiment and the investment climate has improved, much needs to be done on the ground for India to be able to fulfil its potential as a “Caged Elephant” that can overtake the “Asian Tigers”.
For instance, the ease of land acquisition is still yet to be reformed, and successive governments including the present one have tried without success to pass legislation that is business friendly and inclusive at the same time. In a similar vein, the ambitious GST or the Goods and Services Tax Bill which envisages a unified market under one tax rate is stuck in Parliament despite the Modi government expending significant political capital on its passage.
In addition, if the ease of doing business in India has to succeed, there needs to be reform of the labour laws as well as noticeable improvement in the physical and virtual infrastructure.
Further, the success of any attempt to make the Indian economy investor and business friendly would also have to take into account the slow moving Judiciary, the rampant corruption that has corroded all the institutions and has been a bottleneck for economic growth which can only happen with a mindset change at all levels and in all sections of society.
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What the Current Wave of Protectionism and Populism mean for the Future of Globalization and Free Trade
February 12, 2025
