A home-grown tech stack, favourable demographics and an ongoing geopolitical reset is poised to make this India's decade says Morgan Stanley. EPISODE #98
Very interesting and insightful article!! Enjoyed reading your views.
I think this picture you have used earlier also in another article.i remember as it is very unusual to see Ambedkar s photo with a common man.Maybe I saw it somewhere else .
Anil you have highlighted the most critical element for India ‘s economic growth viz the Middle Class . This is the class notwithstanding its amorphous definition and also the ambiguity as to whether they will be the cause or the effect of economic growth , will play a significant role in the near future . Appreciate your correct emphasis 👍
An insightful article that was heartening to read and very well written Anil. Looks like the take off point for a billion Indians. Saving and thrift is woven into the psyche of most Indians from our generation but the younger generation of Middle class Indians are more bold about spending; especially with the ease of purchasing through credit cards and available bank loans. The ready domestic demand for goods and services is spurring the economic activity to new heights and with the new war cry of "make in India", the 3rd spot in world GDP will be within our grasp within this decade. However, a few bumps remain in the form of corruption in high places, that has made the middle class dream a distant reality, in the past. Surely, Morgan Stanley has kept that equation in mind, while making the forecast.
Burgeoning middle class will continue to impact the polity. It could result in more stakeholder governance rather than existing "Mai baap" top down governance. As increased income highlights that it is their incomes that is powering governance, they will demand a greater say in how things are managed and what they require from their representatives.
You can already see in the ways there is increased competition in getting marquee industries to their regions, demands for Vande Bharat trains and 4/6 lane highways.
Dear Lakshmisha,
Thank you for your thoughts. Agree with you about more participatory governance.
Hopefully this will ensure accountability. Changes are already visible.
Best
Anil
Dear Anil,
Very interesting and insightful article!! Enjoyed reading your views.
I think this picture you have used earlier also in another article.i remember as it is very unusual to see Ambedkar s photo with a common man.Maybe I saw it somewhere else .
Dear Vandana,thank you for the encouragement. Much appreciated. Yes, this is a picture I used previously. Super recall.
Best
Anil
Anil you have highlighted the most critical element for India ‘s economic growth viz the Middle Class . This is the class notwithstanding its amorphous definition and also the ambiguity as to whether they will be the cause or the effect of economic growth , will play a significant role in the near future . Appreciate your correct emphasis 👍
Thank you Balesh. 😊
Best
Anil
Thank you Gautam.
Agree with you that the tipping point has been crossed. It is now a moment for India to seize or lose. Fingers crossed.
Best
Anil
An insightful article that was heartening to read and very well written Anil. Looks like the take off point for a billion Indians. Saving and thrift is woven into the psyche of most Indians from our generation but the younger generation of Middle class Indians are more bold about spending; especially with the ease of purchasing through credit cards and available bank loans. The ready domestic demand for goods and services is spurring the economic activity to new heights and with the new war cry of "make in India", the 3rd spot in world GDP will be within our grasp within this decade. However, a few bumps remain in the form of corruption in high places, that has made the middle class dream a distant reality, in the past. Surely, Morgan Stanley has kept that equation in mind, while making the forecast.
Burgeoning middle class will continue to impact the polity. It could result in more stakeholder governance rather than existing "Mai baap" top down governance. As increased income highlights that it is their incomes that is powering governance, they will demand a greater say in how things are managed and what they require from their representatives.
You can already see in the ways there is increased competition in getting marquee industries to their regions, demands for Vande Bharat trains and 4/6 lane highways.