Emergic: Rajesh Jain's Blog

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2011-12: Looking Back, Looking Forward – Part 3

January 4th, 2012 · 1 Comment

There is also a need for us to educate and build public support for economic reforms. As it turns out, every time a reform is proposed, the ones who are disintermediated or negatively impacted are the ones who shout loudest – and therefore get heard. The ones who benefit – in the majority – haven’t been explained the benefits in a language they can understand, and so stay silent. No prizes for guessing the outcome.

India needs economic reforms – and more importantly, it needs a vocal constituency that supports these reforms. In 2011, India’s stock market lost nearly 40% in dollar terms. The bad policies are hurting our pockets and our futures. We cannot stand idly by. We need a change in objectives of government and the policies – and we need to understand this. If not, we can expect a 2012 that is likely to also be bad.

The political space is fascinating – if you think about it with a non-politician mindset. I see it as an entrepreneur – white spaces, inefficiencies, opportunities for disruptive innovation. All of this needs to be done without worrying about the outcome (or ‘exit’ in start-up terms). That is what I want to do in 2012.

Continued tomorrow.

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1 response so far ↓

  • 1 Siddharth Chawla // Jan 4, 2012 at 10:28 am

    Love your simile comparing the politics battlefield with a space for entrepreneur to disrupt and bring a totally new solution which people may buy (by actively participating).

    I totally support your objectives and truly hope that BJP wins with Narendra Modi holding the reins.

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