Business Today

Down Memory Lane

It was the best of times, it was the worst of wrote Dickens ages ago but his words hit home even today.

Print Edition: January 10, 2010

Down Memory Lane
It was the best of times, it was the worst of wrote Dickens ages ago but his words hit home even today. As you rightly observe in India’s Best Decade... (BT cover, Dec. 27), the years 2000-2009 not only offered the best growth opportunities for businesses and individuals they also held out some hard-nosed lessons for all of us.
Spreha Rai, Coimbatore

The Best is yet to Come
Your cover package on India’s Best Decade… strikes a collective chord. The last decade saw the soul of India Inc. find global utterance while our economic success stood out. You are spot on to predict that India’s growth story will only accelerate in the years ahead since we have growth momentum going into 2010 and the years beyond.
Geeta Satish, Chennai

The Rise of Indian MNCs
I agree with your assessment of our corporate achievements during 2000-2009 (A Launchpad for the Indian Multinational, BT cover, Dec. 27). The period saw Indian companies go forth and conquer new ventures in new worlds by way of overseas acquisitions, joint ventures, and greenfield projects. From manufacturing to energy and engineering, Indian firms moved successfully to acquire overseas business, not just in other emerging markets but also in Europe and America. Today, as a new decade is about to kick into gear, we already see a subtle shift in business clout leaning away from America and Europe towards India and China.
Shashi Shekhar, Bangalore

Priming for Success
...10 Years to $3 trillion (BT cover, Dec. 27) asks what can be done to make India a $3 trillion economy. I am sure the government needs to ensure a more hospitable business climate besides fixing its own fiscal roof. While a few judicious nips and tucks to the Budget should do the fiscal trick, more market reforms and regulatory measures are needed to attract global investors wanting a bigger beachhead in the Indian market.
Rajnish Thakur, Delhi

In Need of Succour
From Farm to Firm to Fork (BT, Dec. 27) paints an overly optimistic outlook for farmers if not the agricultural sector itself. Recent years have seen a giant markdown in the contribution of agriculture to the economy. Agricultual productivity has become more or less static with increasing number of farmers hanging their ploughs and moving to more paying sectors. It may be a ripe time for more corporates to enter the field and bring along a large dose of red-blooded capitalism, but whether that will energise the sector is not sure.
Pradeep Hooda, Gurgaon

An Empowering Agent
Your case study on ITC’s e-Choupal (BT, Nov.1) presents a good picture of how the movement is adding value to the agricultural suply chain in rural areas and bringing prosperity to farmers at the bottom of the pyramid.
Ratna Deep, Bangalore

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