The Long Awaited Policy Response is Here
The employment, wages and consumption slowdown that has played out in India post-Covid has now been recognised by India’s policymakers. Whilst their policy response has been substantive (especially with regards to boosting consumption, the mainstay of India’s economic growth), the structural issue of helping middle class India deal with a massive labour market transition – […]
India’s 5-layered Consumer Stimulus; More Needed
Summary: After a five-year flirtation with boosting public capex, the Government of India is now focusing on the main engine of India’s economic growth: Consumption. The last 6 months have seen the announcement of a 5-layered boost for domestic consumption including the keenly awaited GST cuts. Cumulatively, these stimuli added up to 1.8% of GDP […]
White Collar Jobs Growth & Wage Growth: Twin Drivers of India’s Slowdown
From Diwali 2023 onwards, Indian companies’ earnings growth has decelerated at a rapid rate. Underpinning this deceleration is a sharp conk-off in consumption growth, long the mainstay of the Indian economy. Key drivers of this consumption downturn are a sharp deceleration in white collar job creation alongside a reduction in real wages for white collar […]
The Final Commandment: Nurture the next Generation
Summary: Build a business which has multiple generations embedded in it. Train the next gen to be leaders, to understand the time value of money, to bring a disruptive point of view & fresh talent into the business. [To find out what the Ten Commandments of Indian Entrepreneurship are, please click here: https://marcellus.in/blogs/the-ten-commandments-of-entrepreneurship-in-india/] “The third and […]
Ninth Commandment: Build trust with relationships & experiences outside your comfort zone
Summary: Build relationships with a broad range of people especially people who are outside your community and/your comfort zone. [To find out what the Ten Commandments of Indian Entrepreneurship are, please click here: https://marcellus.in/blogs/the-ten-commandments-of-entrepreneurship-in-india/] “You can make more friends in two months by becoming interested in other people than you can in two years by trying […]
The Eighth Commandment: Relax & Refresh (Don’t reflect)
Summary: Give yourself time to relax, recover, and refresh. And when you are relaxing do NOT let your mind brood over past mistakes and try not to dwell on the challenges tomorrow will bring. [To find out what the Ten Commandments of Indian Entrepreneurship are, please click here: https://marcellus.in/blogs/the-ten-commandments-of-entrepreneurship-in-india/] “Six days you shall labor and do […]
The Seventh Commandment: Be Curious, Keep Learning, Ignore Credentialling
Summary: Focus on the ‘inner scorecard’ rather than the ‘outer scorecard’. Focus on continuous learning, knowledge & skill acquisition rather than credentialling. Look for new experiences, new opportunities to acquire knowledge and build new skills. [To find out what the Ten Commandments of Indian Entrepreneurship are, pls click here: https://marcellus.in/blogs/the-ten-commandments-of-entrepreneurship-in-india/] “We shall not cease from exploration […]
The Sixth Commandment: Be Caring
Summary: Look after your colleagues, suppliers, distributors, & customers. Nurture a corporate culture focused on learning, on process, and on “means” (rather than “ends” such as financial targets). [To find out what the Ten Commandments of Indian Entrepreneurship are, please click here: https://marcellus.in/blogs/the-ten-commandments-of-entrepreneurship-in-india/] “Unless you know the individual, it’s very difficult to advise that individual as […]
The Fifth Commandment: Be Happy ‘Standing Out’
Summary: If you do things that most others don’t, you will be criticised. Don’t abuse the haters. Enjoy the journey of ‘standing out’ from the crowd and walk down the path less trodden. [To find out what the Ten Commandments of Indian Entrepreneurship are, please click here] “Successful risk-takers are conscientiously contrarian. They have theories […]
The Fourth Commandment: Embrace Failure
Summary: Failure & success are like summer & winter i.e., they are a routine part of business life and should not be a source of exultation or heartburn. In fact, failure is an essential milestone en route to acquiring skills & learning along the way. To find out what the Ten Commandments of Indian Entrepreneurship […]
Asset Class Diversification in Investing: Like a Well-Balanced Wholesome Meal
Ever been out to dinner at a restaurant and ordered just Paneer? No rice or breads – just a few servings of the famous chef-special Paneer Special? Probably not. A fulfilling wholesome meal needs a variety of food to balance flavours, textures and nutrition. So does your investment portfolio. Think of your portfolio like a […]
The Third Commandment: Be Patient
Summary: Be patient like Warren Buffett and play the infinite game. Know that is it likely that you will generate the vast majority of your wealth in the autumn of your life. [To find out what the Ten Commandments of Indian Entrepreneurship are, pls click here: https://marcellus.in/blogs/the-ten-commandments-of-entrepreneurship-in-india/] “Jamsetji Tata was born in 1839. He started his […]
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