Value Friendships
June 1, 2014 Leave a comment
The Economic Reality Of Being A Gulfie
May 31, 2014 6 Comments
Many resident Indians think that by going to the Gulf, a person is probably set for life and will soon be rolling in money.This assumption is made often on the basis of the lavish houses and weddings that Gulfies go for.The truth is often very different.Sure there are well to do Indian-origin businessmen in the Gulf,and undoubtedly Indians who draw excellent salaries on par with the rest of the world,but for most Gulfies,the reality is something else……
Save, save and save. That’s the sacred mantra of most middle class Gulfies. Many sacrifice a lot to save. Some live without their families for years. Only some 10% live with their families,often in dingy apartments. The dream is to return to India to live in palatial homes.Payday is their happiest day. After drawing salaries, they rush to send money to India. Only cash for basic necessities, like food, is left behind in their wallets. The reasons for their obsession with saving are simple. While most Indians in the West do not come back, Gulf Indians want to return home and enjoy a higher standard of living and relax. Buying luxurious homes, sending their children to elite educational institutions in India or even in the West, finishing family commitments such as education and marriage of siblings,paying off loan sharks and moneylenders,amassing the massive dowries for daughters that have become a fad in Kerala and having enough money in the bank to sustain them for a long time takes precedence over everything else.Furthermore,for many,living expenses in the UAE are so high that they can’t meet all the domestic expenses in India,out of their savings.So they opt for loans whose servicing severely cuts into their disposable income. Read more of this post
Real Estate Investment Destinations Of Gulfies
May 30, 2014 Leave a comment
According to Sunil Jaiwal, CEO of Sumansa Exhibitions, the organisers of the Indian Property Show in Dubai,Mumbai is the top investment destination for UAE-based non-resident Indians (NRIs),Bangalore is second. Chennai and Pune are jointly in the third position with an almost equal percentage of people preferring these cities.Delhi comes at the fourth place, followed by Cochin, Navi Mumbai, Gurgaon and Hyderabad.
Management Lessons From The Mahabaratha
May 30, 2014 Leave a comment
1 Seize Every Opportunity : Look out for opportunities out side your scope of work. Never hassle yourself too much with the motive of defeating your competitor. Rather, invest all energies on a bigger goal to add strength and power to your business.
2.Win Allies: Five brothers won against a hundred.How do you think the Pandavas did that? The relationships they established over the years paid off. You may be busy focusing on your own growth at the present, but you must start reaching out to more people and making allies. They will push you forward when the time comes. Read more of this post
RJ Speak
May 30, 2014 Leave a comment
The following is an excerpt from a Rakesh Jhunjhunwala interview in the ET on the 27th of this month. Prescience?Wisdom?Wishful thinking?Motivated sound bytes?……….Time will tell.I thought it best to record the words for easy future reference.Here’s waiting for the structural and secular bull market that RJ speaks about!
During the challenging years of 2008-13, Indian corporates have restructured and become more competitive. Corporate governance has become better; and yet Indian investors have become more risk-averse and grossly underexposed to equity . We have come to believe that high interest rates, poor earnings growth and net outflows for domestic equity investors are the new normal. These factors are about to change, and for a very long time. This change is in inevitable and irreversible.
We are at the cusp of an era of strong policy frame work, business and investor friendly environment, elimination of supply-side constraints, initiation of a new capex cycle, falling interest rates, resumption of job creation, rising savings and a wall of foreign inflows combined with domestic outflows reversing into domestic inflows with a vengeance. While this is more obvious now, most of us are unable to comprehend the scale and the longevity of this change. We are at a stage where we are blinded by sudden light after being in a dark tunnel for years. We are unable to conceive the impact of a transition from the vicious cycle described above to a virtuous cycle the scale of which we have never experienced before. Read more of this post
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