This blog is written and owned by Saurabh Gupta
India Shining story is kinda routine term these days and politicians & media don't want us to think about the problems that the country is moving towards along with this shining wave. With service sector booming and all the BPO/KPO sector shining, we are taking the work from other countries but we are only dealing with the lower portion of the pyramid. Most of the service providers are doing the outsourced patch work jobs for the International Clients.
In a way, this concept solves the problem of population explosion in India (1.1 Billion) as there are more jobs at the lower part of the pyramid but think about this scenario in a long run. Major chunk of the profit (almost 90%) lies in the upper portion of the pyramid which is still lying in the developed countries. Surely, Rome was not built in a day and we may think same for India but we are riding on bullish world's economy and are focusing on earning money which is not self sustainable. Soon, we will be left out as focus of outsourcing companies might move to other developing countries owing to increasing wages in India. Or what if there is a recession in the market? Are we prepared for that?
We need to take advantage of this bullish market to prepare ourselves for any upcoming recession. We have great minds, great ideas and above all we have customers within our boundaries. We have it all; just need some guidance in scouting the way to the top. This is the right time to learn from our experiences and take command in our hands to show our skills to the world.
Solution lies in properly streamlining underdeveloped Venture Capital Market in India to channelize the aid be it financial or experience based. People have ideas to work on, people have skills to deliver, but what they lack is a guide/mentor who can warn them about the hurdles lying in the market and guide them to compete in the open world. The idea is to get as many entrepreneurs in the market as possible and to help them sustain with proper financial aid and other support if required.
We need to realize our strengths which lies in the numbers, we are more than a billion and if we can streamline our strengths and focus on helping the upcoming ideas, we will shine in the world on our own and there won't be any fear as we have enough customers lying in our country itself.
At present, we have exposed our customer base to the foreign companies. I am not saying its wrong as it has its own advantages as we all are noticing them but what surely we are missing is strengthening our own roots.
Think about this catch lying in the market and work over it with me.
In a way, this concept solves the problem of population explosion in India (1.1 Billion) as there are more jobs at the lower part of the pyramid but think about this scenario in a long run. Major chunk of the profit (almost 90%) lies in the upper portion of the pyramid which is still lying in the developed countries. Surely, Rome was not built in a day and we may think same for India but we are riding on bullish world's economy and are focusing on earning money which is not self sustainable. Soon, we will be left out as focus of outsourcing companies might move to other developing countries owing to increasing wages in India. Or what if there is a recession in the market? Are we prepared for that?
We need to take advantage of this bullish market to prepare ourselves for any upcoming recession. We have great minds, great ideas and above all we have customers within our boundaries. We have it all; just need some guidance in scouting the way to the top. This is the right time to learn from our experiences and take command in our hands to show our skills to the world.
Solution lies in properly streamlining underdeveloped Venture Capital Market in India to channelize the aid be it financial or experience based. People have ideas to work on, people have skills to deliver, but what they lack is a guide/mentor who can warn them about the hurdles lying in the market and guide them to compete in the open world. The idea is to get as many entrepreneurs in the market as possible and to help them sustain with proper financial aid and other support if required.
We need to realize our strengths which lies in the numbers, we are more than a billion and if we can streamline our strengths and focus on helping the upcoming ideas, we will shine in the world on our own and there won't be any fear as we have enough customers lying in our country itself.
At present, we have exposed our customer base to the foreign companies. I am not saying its wrong as it has its own advantages as we all are noticing them but what surely we are missing is strengthening our own roots.
Think about this catch lying in the market and work over it with me.
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