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Roopen Roy (The views expressed are personal) Engel’s Law of Consumption provides the insight that as a person’s income rises the proportion of income he spends on food declines. The law was enunciated by Ernst Engel, a German statistician –not to be confused with Marx’s comrade-in-arms: Friedrich Engels. According to Engel, poor people spend a…
In the latest issue of the New Yorker Calvin Trillin has written a humorous piece about “President Romney”. This inspired me to write one about an imaginary Chief Minister in an Indian state. Any similarity with this fictional CM is purely accidental and wholly unintended. As soon as the CM entered the conference of political…
Roopen Roy (Views expressed are personal) I had read this joke some years ago : the son informs his father that he wants to choose organized crime as a career. Without batting an eyelid, the father asks, “Which sector are you planning to join –the private or the government sector?” The son says he…
Curbing corruption needs focus By Roopen Roy Apr 19 2011 It does not matter whether Anna Hazare is a saint or a limelight-seeking social activist. It is also irrelevant whether Pappu Yadav, a former MP facing a life sentence for murder, fasted in sympathy from his prison cell in Bihar, or that Narendra Modi wrote Hazare a…
Flawed leadership cultures By Roopen Roy Nov 20 2012 FANTASY OF POWER? In the political arena, many examples of megalomaniac leaders are Hitler, Saddam Hussein and Kim Jong-II. In this April 10, 2011 file photo, Libyan leader Moammar Gadhafi gestures to his supporters in Tripoli, Libya Charles Handy in his seminal work “Gods of Management”…
Fiscal incentives to spur innovation Roopen Roy (Roopen Roy is the Managing Director of Deloitte Consulting, India. Views expressed are personal) We hate comparisons with China. But it is sometimes good to wake up and smell the coffee. India lags behind China in spending on research and development. The number of people dedicated to…
Published in the Financial Chronicle Smart idea? Tweak and implement By Roopen Roy Aug 04 2015 India is at the cusp of a startup boom. We have young entrepreneurs, a talented pool of IT resources and a large and growing domestic market. We need more job creators than job seekers. Therefore, India must become a beehive of…
By Roopen Roy Oct 12 2010 In the era of “inclusive growth”, financing the poor at the bottom of the pyramid is not just politically correct but also socially desirable. Of late, it has become economically viable and remarkably profitable. There is, however, a great deal of confusion about the term “micro-credit”. The business models that…
Roopen Roy (Roopen Roy is the Managing Director of Deloitte Consulting. Views expressed in this article are personal) “O voyagers, O seamen, You who came to port, and you whose bodies Will suffer the trial and judgement of the sea, Or whatever event, this is your real destination.’ So Krishna, as when he…