Even prior to the current pandemic there were discussions about the feasibility of Work from home especially in offices located in big cities. During those times the underlying reasons were high cost of commercial real estate, commuting time and pollution. Nowadays because of the pandemic corporations are making it compulsory to work from home. It’s … More Is Work from home the future of modern day working?
Exactly 50 years ago in the year 1970, Milton Friedman the celebrity Economist laid out arguably the most pathbreaking economic idea of the later part of the 20th century. The essay published in the New York timesconvinced a generation of Business leaders that Profits should be the primary goal of any business. It was a clarion … More Rethinking Milton Friedman : Doctrine of Social Responsibility of Businesses
India’s GDP data for the quarter ending June 2020 was released last week and with it the fear of a massive contraction came true. The GDP contracted nearly 24%. The contraction is the country’s biggest in decades and the worst second-quarter decline among the world’s top five economies. Source: TradingEconomics.com/Ministry of Statistics and Program Implementation India’s … More Indian Economy: Time to unlock the true potential
Last week an American video game and software developer head quartered in North Carolina grabbed the attention of the globe by its legal challenge to the Tech giant Apple. Fortnite maker Epic Games went a step ahead and used a famous Apple advertisement of 1984 against the iPhone maker in a social media campaign accompanying … More Big Tech : Too Big to be unregulated
As I write this blog celebrations of India’s 74th Independence are marked across the country and globally across homes of the Indian diaspora. Although the celebrations are muted on the ground due to the spread of the COVID-19 pandemic, there is no such restrictions online. From Whatsapp messages to social media posts enthusiastic Indians consumed … More India at 74 : Time for 2nd Digital Revolution
In his book ” Rise of the Robots” Martin Ford shares an interesting incident involving Nobel laureate economist Milton Friedman. The incident dates back to the period when he was consulting for the Government of an Asian nation and was touring a large scale public works project. He was surprised to see that the large … More Post Pandemic: Will Automation become mainstream?
Dear Readers, In today’s blog I would like to highlight the dichotomy of Big Tech companies defying Pandemic with their record sales on one hand and the almost 40% world population without internet access on another. This could be a matter of survival especially when the world got quarantined and people were asked to stay … More Pandemic exposes Digital Inequality
Dear Readers, In a few days we would bid adieu to July and enter August with a sense of anxiety that the worst is yet to come. At the start of the Pandemic no one had imagined that it would persist for this long period, not even policy makers envisioned. People had questioned the imposition of … More India : Implications of early reopening
Dear Readers, The global toll of the Pandemic has been monumental so far: more than a 600,000 lives lost as I write this blog, millions out of work, and billions of dollars of wealth destroyed. The disease is far from been brought under control with cases of relapse in Southern U.S. dominating headlines and emerging … More Can Vaccine end the Pandemic ?
Dear Readers, In today’s blog I want to highlight the looming debt crisis in emerging and underdeveloped nations aggravated due to the global Pandemic which has affected the post war World like no other crisis. Source: FT As the Pandemic spreads globally to less developed and emerging nations, economic paralysis and unemployment follow its footsteps. … More Pandemic: Brewing Debt Crisis in Emerging Markets