We are what we are !!

We are What we are! Many times we are made to repeat our mistakes because we tend to forget basic rules and laws that govern our activities. Somebody said ,those who forget history are condemned to repeat it! When Virat or Rohit score centuries we tend to think that they will continue to score that way in every match.But sooner or later law of averages will catch up. Same thing happened to Sachin and Gavaskar and the same will also happen to Virat and Rohit. Our Auto sector is also plagued by the investment decisions made by forgetting the law of averages.Indian auto sector grew by more than 15-20% in the second half of 2017-18 and upto the first half of 2018-19.Everybody, who is who in Indian Auto Industry thought that it will grow at this phenomenal pace continuously for another 3-5 years.But the law of averages hit them hard in 2019-20 first half to bring them back to senses. According to me Indian Auto sector can hope to grow faster only after the future tech policy of the...

We are what we are! I find to my amusement that Insurance premium payments for TP cover has gone up several folds this fiscal year.Even though every other sector incl. gold jewellery business is facing down turn with a long face, our insurance cos are laughing their way to the bank. How this has happened?Only because some body chose to bring in stringent penalties for breaking rules under Motor Vehicles Act and the police has also chosen to implement them strictly. This hideous combination has boosted the fortunes of a financial services sector i.e insurance with bulging cash inflows.So people do not have money to buy gold, gadgets etc. since they have compulsorily paid the TP premium!! If somebody gives you gyan that our economy is sputtering, tell them in their face that people are now paying their insurance TP premium and so they are left with no disposable income to buy other things. The other funny thing about this is, people with their chaltha hai attitude have been shaken ...

We are what we are! Many times I have wondered why are we so obsessed with GDP-Gross Domestic product nos. which is only a measure of raw economic activities to put it crudely. You go to any seminar or trade/industry association meeting worth its name , the speakers start talking about slowdowns and dip in GDP immediately after the official prayer song is sung and finished! How many of us really understand what GDP is and how it is  calculated with lot of guesstimates,punctuations ,surmises etc.only to include goods,services that are counted and calculated as defined by the National Income Accounting methodologies. GDP in simple terms is equal to the sum of Consumption + investment+ Govt spending+(Exports-Imports).GDP does not include many good things and bad things.In Indian context Parenting, bringing up children by our mothers on their own, taking care of the aged without engaging a  care taker, Volunteer work -preserving the nature and resources, the value of culture a...

We are what we are!  As a commoner ,when I walk on the streets and if I am caught for jay walking, by a quirk of fate, I shout at the cop  how dare he catches me without  catching  all the  other jay walkers in the world .So I command him to let me go as he has not stopped all the other jay walkers on the roads of my town. This is my attitude which I wear it in my sleeve. If I drive fast and violate the speed rule and if the policeman has the temerity to stop me, I tell him the same  asking him why he has not caught all the other speedsters before catching me. This is endemic of Indians and one of the popular gangster movies of late 80s eulogised it with the hero yelling at the Cop at the top of his voice, "Stop him, I will then stop" to justify his violent methodologies. Many of us , particularly youngsters fail to understand that this a reflection of defeatist mindset. Expecting that the whole world has to be rid of all wrongdoings before I am s...