I share below a note that a friend of mine forwarded to me. I can claim no information on who the author is nor on the veracity of the contents. My limited response is as follows. I have since sometime strongly believed that India is on the cusp of a repeat of the 1991 financial crisis but one that could be worse in magnitude due to a domino effect than on its own. I have on my TL predicted that this crisis can hit India over the next 3 to 7 years depending upon how our own economic policies, political changes, global economics play out. But given current state of affairs I would be surprised if we did not face such a crisis given the profligacy of our economics, paralysis of our administration, obstinacy of our politics and the inward looking attitudes emerging in western economies. Whatever the veracity of these claims in terms of numbers popular perception is that many of the percentages and issues are infact correct. Remember perception is NOT fact but often does mirror fa...
An engineer, PG in Rural Management, 37 yrs in global corporate life. Traveled globally. A hugely diverse life across Food processing, Plastics, Defence, Composites, Clean Energy, Automotive, Electronics, Healthcare - a jack of all who thinks is also a master when convenient. Wacky good sense of humour & don't take myself seriously. Economics, Politics, Business Strategy and Defense are subjects that attract my attention. Management Strategy my job. My blogs reflect this diversity