Marketplace in India

India is Happening!!

Typically one only hears about corruption in India and other issues that the 'Aam Junta' faces from day to day.

Well I want to write about the other side of things (after all coin has two sides). There are a plethora of companies coming around in India and they are all moving VERY VERY fast. At present these are small but in the coming years and times to come, they will become very big e.g. Just Dial, Flipkart etc. New business models, generating huge employment for people and fine tuning processes and services delivery model for the marketplace.

Indians are born traders and innovators. They are relatively simple people, who take others on face value, but the ability to build/trade and deliver is very high (think about it, you can buy all sorts of things in places in India where even roads do go to). Telecom companies provide network coverage even in places where government agencies cannot deliver water.

What India lacks is good management and decision making skills since for the most part since childhood all decisions have been deferred to elders and others, but this too shall change. We are learning how to build roads, bridges, internet backbones, new business models etc. One thing we have not learned yet is the ability to innovate disruptive technologies (e.g. Google/Facebook etc). My take is in the coming 15 years, this too shall start happening as more and more indians are exposed to newer ideas and concepts and the current leadership of 40+ something becomes 55+ something.

Over-all things are moving and I am very positive on the Indian marketplace, despite the corruption and lack of policy framework. Shortage force people to be innovate and think out of the box. That being said India is not for the faint hearted but if you want to live in the most exciting place (with the usual traffic pains/school admissions etc) over the next 15 years, India it is.