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Looking East: India’s civilizational neighbourhood Our bi-lateral trade with China will surpass $70 billion this fiscal year. The target is to exceed $100 billion by 2015. Montek Singh Ahluwalia, the Deputy Chairman of our Planning Commission, will head a high-level team to Beijing later this month for the first India-China Strategic Economic Dialogue. The decision…
Roopen Roy In an inter-connected world “connected thinking” is old hat. It no longer changes the world. Instead, the world we live in has changed. Here, scientists and research teams seldom work in a shroud of secrecy behind locked doors. They are no longer paranoid about intellectual property rights being purloined by rivals employing…
On the Internet censorship boomerangs Roopen Roy (Views are personal) The “world wide web” has become a powerful weapon in the hands of ordinary citizens of our planet. They can search for information with ease and disseminate opinions instantaneously. On the negative side, there are governments and organizations making every effort to hide information…
Why the global oil scene is not well By Roopen Roy Dec 30 2014 STICKY SITUATION: In this 2009 file photo, Iraqi workers operate a valve at an oil refinery in Zubair, Iraq. For now, low oil prices are a boon to oil-importing nations and a time for fiscal tightening for oil exporting countries It is one…
Music to my ears, transformed By Roopen Roy Jul 16 2013 Bloomberg NEW TUNES: Today’s music listeners want freedom. They want to listen to any genre of music at any time, anywhere on any device in a connected world, They share music instantly across oceans as well A senior executive of State Bank of India once…
The Harvard Business School (HBS) carried out an experiment several years ago. I call it the case of the Invisible Gorilla. The participants are asked to watch a short video in which six people—three in white shirts and three in black shirts—pass basketballs around. While you watch, you are asked to focus on counting accurately…
Democracy doesn’t win brownie points By Roopen Roy Aug 16 2016 Let’s face it, there’s no point in waiting for the Chinese to self destruct its software industry Economists often make mistakes in predicting outcomes. When they wear glasses tinted with politics, they blunder. Here is a perfect example. Jagdish Bhagwati and Arvind Panagariya have written a…
Companies with colonial ambitions and puppet managers fail to create sustainable value for their stakeholders. This was first demonstrated by the East India Company. Robert Clive conspired with Mir Jafar, a general in the army of Nawab Siraj-ud-Daulah. Mir Jafar betrayed his master paving the way for the rout of the Bengal army in the…
Roopen Roy (Views are personal) The way we measure success influences the behavior of those who are measured. If we measure a person’s success in life only by how much wealth he has accumulated or by how much he earns, then we are really motivating him or her to focus on earning money. We…
Measure yourself against the best By Roopen Roy Mar 17 2015 If you are constantly judging your performance against your own past, there is a danger that you will reinforce your complacency. Let us say you are #5 in the stack of your competitors and you are growing at 10 per cent per annum. Because of general…