Business & Finance

Mohammad Anas Wahaj | 28 oct 2013

Although Jugaad's (Indian creative or innovative way that provides a quick or alternative way of finding solutions) value in the Indian design space is often considered and mentioned but when it comes to high-end and brand-worthy design requirements India is often found lacking in aesthetics and design sensibility. Author, an innovation and design consultant, explores Indian design processes and how they compete with global design standards and what can be possibly done if India has to upgrade its design offerings. Some suggestions offered - Incorporate 'design thinking' principles in the ideation and design process; Start with a vision or goal as this approach focuses on the improved future state and work back to get the solution thus making the elegant design inherent part of the solution process. Read on...

The Economic Times: The obviousness of 'jugaad': India's aesthetically challenged industries
Author: Roopa Unnikrishnan

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Mohammad Anas Wahaj | 19 oct 2013

The recent study conducted on 40 hospitals with innovative strategies in India by Prof. Vijay Govindarajan and Prof. Ravi Ramamurti of Harvard University, advocates emulation of low-costs and technology innovations happening in Indian hospitals. Considering that the global economic slowdown is affecting the healthcare delivery it is valuable to understand and apply these cost saving methods that are a result of constant experimentation, adaptation and necessity. Some of these methods include - shortening length of sutures to reduce waste by doctors; low cost manual small incision cataract surgery; reducing heal-time by performing angioplasties through the wrist rather than the groin; use of technology that allows a single cornea to be sliced and used for more than one transplant patient; mix of low-cost healthcare workers and highly focused specialists; surgeons performing more procedures annually as compared to US; use of beating-heart method of surgery without shutting down patient's heart during operation. Read on...

The Times of India: Emulate India's innovation in healthcare: Harvard study
Author: NA

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Mohammad Anas Wahaj | 14 oct 2013

Indian entrepreneurs have consistently made their mark globally in various fields and industries. In recent times technology is one of the sector where their contribution has received most attention. Both within India and abroad they have created businesses that have achieved extraordinary successes. The few great ones mentioned in the article are: Amar Bose - founded Bose Corp., the provider of some of the most innovative sound systems in the world; Ram Sriram - the serial entrepreneur and technology investor most known for his involvement with companies like Google, Amazon, Netscape; Vinod Khosla - co-founder of Sun Microsystems and well known technology venture capitalist with current interest in clean energy technologies; Sabeer Bhatia - founder of Hotmail that popularized email communication service; N. P. Narayana Murthy - co-founded Indian global IT major Infosys and is often considered as the father of the Indian IT industry; Arjun Malhotra - co-founder of Hindustan Computer Ltd (HCL) and later involved with the founding of a successful IT services company. Read on...

tech2: India's greatest tech entrepreneurs
Author: NA

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Mohammad Anas Wahaj | 06 oct 2013

According to a research report, private equity (PE) and venture capital (VC) firms have invested US$ 126 million in the Indian agri-business companies in the first half of 2013. This is about 75% more then what was invested last year within the same period. The companies that attracted the chunk of this investment include those that - develops technology and machinery for milling and agri-processing plants; provides seasoning and flavors to mainly quick service restaurants (QSR) in India, Middle-East and Africa; export rice; soybean, oilseeds and spices company; agricultural logistics. Read on...

Business Standard: PE, VC firms increase investment in Agri business
Author: Gireesh Babu

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Mohammad Anas Wahaj | 26 sep 2013

Indian entrepreneurial and start-up ecosystem is evolving with angel investors, incubators and business accelerators finding innovative ways to work with entrepreneurs and start-ups. Industry data points out that 40 incubators and accelerators are operating in the country and they mentor, guide and fund around 400 start-ups annually. The value added services they provide include - hire talent, get business leads, search for prospective investors, networking platform, refining business operations, customer development, expand distribution, build brand, provide work space with support services etc. Read on...

Business Standard: Mentoring, the new seed capital investors bring to start-ups
Author: Sudipto Dey

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Mohammad Anas Wahaj | 21 sep 2013

South-East Asian countries like Philippines and Indonesia are evolving themselves into knowledge-based economies by focusing on skills development of their workforce. This is creating a more competitive scenario for India in the Knowledge Process Outsourcing (KPO) space. According to Gopi Natarajan, CEO of Omega Healthcare, India seems to be losing its competitive advantage due to lack of availability of skilled human resources and the government's tax and regulatory policies that result in a difficult business environment and fail to provide basic infrastructure support. US Affordable Care Act under the Obamacare legislation and ICD-10 medical coding system, both to be enforced in 2014, will bring additional opportunities for BPO and KPO companies. India has to leverage its human resources advantage by imparting valuable skills to the graduates to remain competitive and at leadership position in the global BPO and KPO space. Read on...

PHARMABIZ: India losing edge in KPO to South East Asia's knowledge-based economies - Omega chief
Author: Nandita Vijay

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Mohammad Anas Wahaj | 13 aug 2013

The challenge to increase employability of Indian engineering graduates and to make them readily-employable is pushing institutions, companies and entrepreneurs seek innovative learning and training models and solutions. In the tough business and economic environment, IT industry employers with their clients wanting more for less and shrinking training budgets, are searching for low cost and job ready engineering talent. According to Swami Manohar, an entrepreneur and former academic, although India produces more engineers than both US and China combined but estimated 80% of these one million annually graduating engineers working in the IT industry were employed in non-core engineering jobs mainly as programmers, software architects, technical and customer support etc. Some experts like E. Balagurusamy, former vice-chancellor of Anna University, even consider the IT slowdown as an opportunity for engineers to explore real engineering related jobs and build things that would add value and contrubute to the national development. Read on...

Live Mint: Striving for quality in India's engineers
Author: Pankaj Mishra

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Mohammad Anas Wahaj | 08 aug 2013

Market research suggests that Indian business-to-business sector is on a growth path and continues to provide opportunities for entrepreneurs. However they require caution and complete understanding of the product offering before treading into the segment. According to experts since volume of B2B transactions is larger than B2C, therefore the marketing strategies need to focus on the customers that businesses are targeting. B2B marketing message concentrates on value, service and trust while B2C on consumer's needs and satisfaction. Read on...

Silicon India: B2B Models of Entrepreneurship: The Blessing or Mess-Up!
Author: NA

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Mohammad Anas Wahaj | 04 aug 2013

Indian IT association, NASSCOM, in its recent report estimates that India will account for more than 1/3rd of the expected US$ 50 billion global software testing market in 2020. Another report by Forrester Research predicts the allocation of 28% of IT budget for outsourced software testing by US and European companies within two years. Reasons for this rise in demand for offshoring of software testing are: Popularization of new technologies like cloud, social media and analaytics have led to the increased demand for 'specialist, independent third party testing service provider'; Shift from GUI based simple testing towards business-driven testing system that considers the underlying business process; Need for agility, faster time to market and low cost has led to newer models of Software Development Life Cycle making offshore testing a viable and attractive option; Need for transparency in performance measurements to ensure quality delivery. To continue as a top outsourcing destination for software testing India has to manage the diminishing labor arbitrage due to rising salary costs, invest in training of workforce, innovate at various stages of testing process and focus on developing a strategic approach to both technical and non-technical aspects of offshore software testing. Read on...

Information Week: Why India has emerged as a preferred destination for outsourcing software testing
Author: Bharti Rao

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Mohammad Anas Wahaj | 25 jul 2013

Household/Domestic savings are the most important constituent of the amount of money that a country saves (other contributors are private corporate sector and public sector). The recently released RBI report dated 27 June'2013 provides indicators of financial stability of India and mentions that the Gross Domestic Savings as a proportion of GDP has fallen to 30.8% in 2011-12 from the earlier 36.8% in 2007-08. This reduction is attributed to dramatic fall in financial savings, that includes savings in the form of bank accounts, life insurance, pension etc, which itself is a result of high inflation in recent times. This means people have to spend more money to buy the same amount of goods that they bought in the past, thus affecting their savings. Double digit rise in salaries and rate of return on consumer financial products like fixed deposits, public provident fund etc has also been neutralized by high inflation. This environment has created a surge for investment in gold and real estate and lot of Indian companies have been forced to borrow from outside India. These factors have further exacerbated the dollar-rupee problem as India has less gold production and it has to be bought in dollars in the international market and also the external borrowings are to be repaid in dollar, thus creating a high demand for dollar and devaluation of rupee. So inflation and to some extent other issues like mis-selling of insurance by insurance companies, financial frauds etc are the main cause of the current problematic state of the Indian economy. Read on...

FirstPost: This economic number shows all that is wrong with Indian economy
Author: Vivek Kaul

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