History of Indian Business after 1991

Amit,

I have recently wrote something and shared some presentation on whether the crisis can be an opportunity or not ,here are the links . Also I have taken some interviews of people

1.http://joydipchakladar.blogspot.com/2009/04/braving-downturn-are-lessons-from-gita.html

2.http://joydipchakladar.blogspot.com/2009/04/braving-downturn-part-ii-wisdom.html

3.http://joydipchakladar.blogspot.com/2009/04/in-search-of-secret-meaning-from-rajb.html

4.http://joydipchakladar.blogspot.com/2009/04/in-search-of-secret-meaning-part-iii.html

5.http://tinyurl.com/dyb848

Let me know , what do you think about them.
  

Today India faces a choice: it can learn and start the growth process or stunt it with its denial. India needs to understand what its real competitiveness is today, whether it is sustainable and in the long run and how would it create conditions for creating sustainable wealth and prosperity for its citizens. The concept of competitiveness serves as a useful guide for the country here.

Innovation in all likelihood increases trade, helps maintain market share, improves processes and creates high-quality products. India is clearly lagging behind in producing products efficiently. Only by taking a long-term orientation and outlook will India see a true opportunity to change its path -- not by continuing the current policy initiatives that are incomplete and in bursts.

Recession or not, India will have to move ahead, wake up and take action if it is to continue the momentum it has earned in the last 10 years. In the future, it will have to focus more on manufacturing and innovation. These are the sectors that would provide employment and appropriate usage of the talent and educated labor pool already available in the country.

Excerpts from Can India Innovate Its Way Out of the Crisis? (http://coffeewithviktor.blogspot.com/2009/04/can-india-innovate-its-way-out-of.html) 

Yes i do agree with the similarities joydeep, yes the crisis has served as opportunities in the past.....but what do you think this time will  it serve as opportunity for us....what are your views on this???

Amit , 


I understand your logic.

The nature of crisis might be different and the details are not similar . However, I was trying to point out the similarity in the pattern.

My whole point is , if we look at history , then every crisis served as opportunities for a brave nation.

Regards
Joydip

The question that you have asked is really good i have to say, because during the BOP crisis, Indian industries in various formats were still at nascent stage and in 1991 very few companies were there which did really good on the global map but now with many companies in the foray and a Global meltdown to go with is really hard for Indian companies survive as there are no more projects that are coming to the Indian shores, and there is huge unemployment in US and other countries, so while correcting this recession one will mainly look are restoring the jobs as Obama has said that he will bring back the jobs, so i think it will be difficult to come out of this situation.