DreamGirl Hema Malini Cross 66 Celebrate Birthday with Dharmendra and Family

DreamGirl Hema Malini Cross 66 Celebrate Birthday with Dharmendra and Family

   October 16, 2014       prabhakardalvi

---

Hema Malini 156 (Photo credit: Wikipedia)

(IANS) After several hectic travel schedules, veteran actress and politician Hema Malini, who turned 66 Thursday, is happy to spend a "quiet" birthday in Mumbai with her elder daughter Esha and son-in-law Bharat Takhtani. She says she looks back at her journey with "affection".

"I was supposed to be in my constituency Mathura. But it's impossible for me to travel right now. So this birthday is being spent with family in Mumbai, and that means Esha and her husband Bharat. My younger daughter Ahana was supposed to join me in Mathura from Delhi where she lives. And Dharamji (Dharmendra) is in New Zealand to attend a function. So, he is not here with me this birthday," Hema said.

The actress of "Sholay", "Seeta Aur Geeta" and "Dream Girl" fame, has been travelling incessantly of late.

"At the beginning of October, I was shooting for Ramesh Sippy's 'Shimla Mirch' for two days. Then on Oct 3, I had to rush to Kanpur for a function. The organisers were kind enough to arrange a private jet," she said.

"From Delhi, I flew straight to Mumbai in time for Karva Chauth (Oct 11). I was scheduled to be in Mathura with my constituents for my birthday. But I can't travel any more right now. I'm exhausted. I just wanted a quiet birthday," said the Bharatiya Janata Party's Lok Sabha member from Mathura.

Hema wants to thank her fans for being with her for so many years.

"I don't know what people saw in me. But I've only received love and respect from within the film industry and from my fans. I look back with a lot of affection at all the films that I've done. If you ask me to single out one film, it would have to be Gulzar saab's 'Meera'," she said.

That was the Dream Girl's dream role.

"I wish Lataji had sung for me in 'Meera'. That will remain the one regret of my career. I even requested her personally. But she had her own reasons for not singing in 'Meera'," she said.

Whatever bitterness transpired at that time is now washed away. Today Hema and Lata are mutual fans.

"She gifts me the most beautiful saris. I've been wanting to gift her one. But getting the right fabric and design for Lata-ji is not easy. I've finally managed it," she said.

{{ The Guest Post Blogger organization was not involved in the creation of this content. - Dalvi Prabhakar B, Founder & Digital Manager (SEO,SEM,SMO) }}

Read More

King Khan Purchase Bomb Proof Car for Family

King Khan Purchase Bomb Proof Car for Family

   October 16, 2014       prabhakardalvi

---

English: Indian actor Shah Rukh Khan with family at premiere of Drona (Photo credit: Wikipedia)

Shah Rukh Khan is one well-known name of the industry. He is currently busy with his upcoming movie Happy New Year, which is set to release next Friday, i.e. October 24.

Only 2 months back, a firing took place at Shah Rukh Khan‘s associate Ali Morani‘s residence in Juhu on Saturday night.

Four bullets were fired, of which one hit the trunk of the tree, glass pane of the building, and the bonnet of Morani‘s BMW.

Morani received extortion calls from Ravi Pujari, a gangster who targets big names like Shah Rukh Khan and Aamir Khan too, and informed the police guessing that it would be Ravi Pujari only who was behind the shootout.

Ravi Pujari fired only after knowing that nobody was present at Morani‘s residence. But the reason for his firing was allegedly Morani‘s ignorance to his calls.

Shah Rukh Khan was also getting Pujari’s extortion calls, which finally landed in his production house Red Chillies Entertainment’s landline (Pujari himself revealed to a journalist) since a very long time as to stop working with Morani brothers (Ali Morani and Karim Morani) since they have links with the underworld.

Just like Ali Morani, Shah Rukh Khan has also doubled his protection, and in fact brought himself a bomb proof car just in case.

But it is not just any bomb proof car. It is a Mercedes customized model, specially made for VVIPs that could cost anyone a fortune.

Recently, Aamir Khan had also gifted himself a whooping 10 crore car after he received threats ever since he broadcasted some issues on his TV show Satyamev Jayate, that deals with social issues, sometime very grave and sensitive issues.

As they say, Jaan Hai Toh Jahaan Hai. We cannot afford to lose such good actors, and they have made sure not to disappoint us.

Read More

Building Targeted B2B Prospect list, How to make it

Building Targeted B2B Prospect list, How to make it

   October 06, 2014       prabhakardalvi

---

Targeting is arguably the most important part of Business prospecting. You can have a brilliant product with a great offer and wonderful creative to sell it, but if it goes to someone who is just not going to be interested, none of this matters.

Targeting the right businesses with the right offer at the right time will substantially increase your chances of B2B prospecting success. But as well as maximising your opportunities for making a sale, careful targeting also saves you money by reducing waste, not to mention being good for the environment and for your reputation. Remember, ‘junk mail’ is only badly targeted prospecting.

Follow these simple steps, for the easiest, most cost-effective and profitable way to build a targeted business prospect list:

Step 1: Knowing your customers

First, think about who your existing customers are and build a picture of your best customers by looking at the information you have on them. Look at their business sector, size by turnover and employee number, geographical location and number of locations, ownership of products, purchasing behaviour and so on.

Step 2: Revealing look-a-like prospects

By building a list of new business prospects who most ‘look like’ your existing customers, you can target the people who share similar characteristics… and are therefore more likely to become your customers. It’s important to have a flexible database that allows you to refine the business prospect criteria. Applying selection filters on your data will add real depth and quality to your targeting. Other methods of finding out who your best prospects are include mailing a rented B2B prospect list and analysing the replies. You can also conduct research through a postal or telephone questionnaire.

Step 3: Segmenting your business prospects

Effective B2B prospecting is all about making the right offer to the right person at the right time. That said, your direct mail will still need to grab your reader’s attention, hold their interest, and compel them to the action you want. The way to do this is through an engaging proposition. ‘Segmenting’ means identifying a sub-group (or segment) of your prospects list that has a set of common needs. This will allow you to tailor your message to that need so they are more likely to be interested in your offer.

Step 4: Ensuring quality and accuracy

As well as using your own customer or prospect databases, you can buy or rent business lists to market to. There is a wide range of business lists and profile overlay databases for you to choose from. They are available from a variety of data providers, so you should be certain of the B2B lists’ quality before you use it. By doing this carefully you can save a lot of trouble with poor address quality.

Step 5: Buying B2B prospect data

Before you buy a business prospect list, be sure it gives you all the decision makers’ details, including address, telephone and email, and that these are updated regularly and are safe for you to contact. It means you can contact your new prospects with absolute confidence, improves your response rates and saves you time and money. Using an online B2B Prospect list builder that allows you to check the data before you buy will give you that final peace of mind that you’ve got the right

{{ The Guest Post Blogger organization was not involved in the creation of this content. - Dalvi Prabhakar B, Founder & Digital Manager (SEO,SEM,SMO) }}

Related articles

• Support from Retargeting of CRM to Growing Sales Roi (guestpostbloggerworlds.blogspot.com)
• Branded USB Power Bank In Edmonton (guestpostbloggerworlds.blogspot.com)
• B2B Marketer Need Help from Contact Databases Solutions Providers (guestpostbloggerworlds.blogspot.com)

Read More

3G Mobile Hike in Internet Rate by Big Telecoms Companies like Airtel, Vodafone, Idea

3G Mobile Hike in Internet Rate by Big Telecoms Companies like Airtel, Vodafone, Idea

   October 06, 2014       prabhakardalvi

---

Telecom operators have raised mobile internet rates up to 100 percent in June-September period across country. Airtel  is latest to increase mobile rates by up to 33 percent while Vodafone and Idea have started gradually implementing the increased mobile internet rates from June. The three companies jointly hold around 57 percent mobile services market share. 

While no comments were received from Airtel and Idea Cellular , Vodafone India spokesperson said "Around 2 months ago, we changed the base tariff of 2G for 1GB pack from Rs 155 to Rs 175. This has been carried out in a phased manner across circles." 

Airtel and Idea too have increased the rate of 1GB 2G mobile internet pack to around Rs 175 from about Rs 155 GB. Also read: Airtel may have to pay Rs 436cr for merging Qualcomm 4G arm Telecom operators generally don't make public announcement about increase in mobile tariff. 

The change is noticed on their website after the new rates are implemented. They generally inform their post paid customer through SMS about change in rates of services before their next billing cycle starts. 

Pre-paid customers, which constitutes over 90 per cent of market, get to know about rate revision when they go to recharge their mobile phone or through website of companies. Telecom operators are required to report change in tariff to telecom regulator TRAI. Vodafone and Idea Cellular increased rack rate, charged without any offer or scheme, by up to 100 per cent from 2 paise per 10 kb of data usage to 4 paise per 10 kb. 

Airtel is latest to increase mobile rates by up to 33 percent while Vodafone and Idea have started gradually implementing the increased mobile internet rates from June.

This means on Vodafone and Idea network 1 GB of 2G or 3G mobile internet will cost over Rs 4,000 (from Rs 2,000) which these companies under scheme are selling for around Rs 175. Airtel started increasing mobile internet rates around first week of September. The company is now at par with Vodafone and Idea in terms of rack rate which is 4 paise per 10 kb. However, the increase is only of 33 percent because the company was already charging 3 paise per 10 kb earlier. 

The 2G data pack rate of Airtel is highest among the three at 10 paise per 10 kb which means cost of 1GB mobile internet usage without any scheme or offer for a subscriber is over Rs 10,000 which company is now selling for Rs 176. Bharti Airtel stock price On October 01, 2014, Bharti Airtel closed at Rs 403.15, down Rs 1.1, or 0.27 percent. 

The 52-week high of the share was Rs 419.90 and the 52-week low was Rs 282.10. The company's trailing 12-month (TTM) EPS was at Rs 19.52 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 20.65. The latest book value of the company is Rs 166.93 per share. At current value, the price-to-book value of the company is 2.42.

{{ The Guest Post Blogger organization was not involved in the creation of this content. - Dalvi Prabhakar B, Founder & Digital Manager (SEO,SEM,SMO) }}

Read More

Narendra Modi Decleare Diesel Deregulation Is Fortnight Away

Narendra Modi Decleare Diesel Deregulation Is Fortnight Away

   October 06, 2014       prabhakardalvi

---

Fortune has smiled on Narendra Modi in the form of a quick and sharp decline in global crude prices. Modi should smile back at Lady Luck and do the right thing - which is to deregulate diesel prices after the election season is over on 19 October. 

Brent crude has fallen below USD 93 a barrel and our oil marketing companies have actually started making money on diesel - possibly around Rs 2 per litre. This is cause for some cheer, but not political stupidity. Modi will reap later what he sows now. UPA sowed nothing for eight years in terms of oil price reforms, and reaped a stunning defeat in 2014. Its belated efforts to raise diesel prices by 50 paise a month from January 2013 - its best decision in 10 years of economic misrule - was too little, too late. 

For the Modi government, the timely drop in global crude prices is a godsend but it would be thoroughly undeserved if the wrong decisions are taken now. Good luck is not forever and the thing now is to use favourable oil prices to sow the seed for better economic harvests later. If it does not do so, the government may well reap a bitter harvest in 2019. Bad luck has a way of biting you in the butt at the wrong time. 

There is, of course, no such thing as the one and only right answer in a situation, and Modi really has two options before him. One is politically easier, and the other is politically tougher. Both are doable. Policy one is to deregulate diesel only on the upside. The economy has adjusted to the higher price of diesel and so the government could say this is the minimum price at which diesel should be sold, but oil companies will be free to raise prices if global crude prices were to rise this winter or later. 

This deregulation on the upside has two major benefits: if oil prices fall, the subsidy bill will fall as oil companies can cross-subsidise LPG and kerosene with higher profits from diesel. Government, ONGC  , Oil India  �and Gail �will save on subsidy support to oil marketing companies (OMCs) like Indian Oil , HPCL  �and BPCL  . If oil prices rise, the OMCs can hike prices from the current threshold. If they fall, they will make higher profits on petrol and diesel and cut the subsidy bill further. This is politically pragmatic and economically bankable. 

The better option would be to do two things simultaneously. Deregulate diesel and propose a monthly increase in kerosene and LPG prices by say, 25 paise a litre and Rs 10 per cylinder, till we ultimately reach market prices or a sustainable level of subsidy. In any event, the government needs to use the Jan Dhan bank accounts to offer cash subsidies instead of lower prices on kerosene and LPG. This means deregulating kerosene and LPG and paying the difference between market and regulated prices as cash into beneficiary accounts. 

This will remove spurious recipients of subsidy and also force economies in the use of kitchen fuels. The first option is politically easier and economically defensible; the second option is politically tougher but economically the best thing to do. Whichever option Modi chooses, we are probably just about two to three weeks away from diesel price deregulation. If we are not, Modi would have squandered his good fortune away.  R Jagannathan Firstpost.com

The writer is editor-in-chief, digital and publishing, Network18 Group

{{ The Guest Post Blogger organization was not involved in the creation of this content. - Dalvi Prabhakar B, Founder & Digital Manager (SEO,SEM,SMO) }}

Read More

Moneycontrol says Investor Have Negative Focus after 2013 to India

Moneycontrol says Investor Have Negative Focus after 2013 to India

   October 06, 2014       prabhakardalvi

---

Just in a span of 12 months, the tide has turned for India, which was on a the brink of a credit rating downgrade a year ago thanks to the plunging rupee, subdued growth and policy paralysis. 

Global rating agencies have turned gung-ho on Asia’s third largest economy on anticipation of big-bang reforms by team Modi. Once a prominent member of the ‘Fragile Five’ club, the India story started selling like hot cakes among the foreign investor community after a business friendly government was voted to power at the Centre in May this year. Fragile Five is a term coined in August of 2013 by a research analyst at Morgan Stanley. 

It represents emerging market economies which were too reliant on foreign funds to finance their growth ambitions. Standard and Poor’s (S&P) revised its outlook on India's 'BBB-' sovereign credit rating to "stable" from "negative" last week. This outlook upgrade was on the back of improvement in India’s external position and growth prospects. ‘BBB-‘is the lowest investment grade. If any country is downgraded from this rating then the country’s sovereign rating earns a "junk" status. In August 2013, when the Indian rupee slid below 64/USD, S&P had said that it reaffirms its negative outlook on India and also warned of a downgrade. S&P first cut India's outlook to "negative" in April 2013. 

 Interestingly, S&P is the last of the three main global ratings agencies with a negative outlook on India. Rival Fitch upgraded India’s outlook from "negative" to "stable" in June 2013. At that time, the government in power, the UPA II, was taking steps to contain India’s sprawling current account deficit and revive economic growth, which has been below 5 percent level. While the rating agency acknowledged the then government’s efforts by maintaining its outlook, it cautioned that structural budget deficits coupled with high public debt could constrain India's ratings. With the political scenario becoming stable and strong investment flows, Fitch now expects India's growth to accelerate to 5.6 percent in the current fiscal and further to 6.5 percent in 2015-16. 

Fitch has 'BBB-' rating on India. "The new government has started rolling out a number of policies, which may improve the efficiency of the bureaucracy and strengthen the investment climate," Fitch said in its recent global economic outlook report. Moody's has assigned India a 'Baa3', the lowest investment-grade rating, with a "stable" outlook. It has not changed its outlook on India in the last one year. 

"Higher growth is likely to increase tax revenues and capital inflows. This will reverse some of the weakening that has occurred in India's fiscal and external position in recent years. India's macroeconomic outlook will also improve if, as we expect, the authorities implement policies that ease inflationary pressures and increase infrastructure investment," Moody's Investors Service said in a report released last month. Now that all key ratings agencies have stable outlook on India, all eyes are on how soon India will see a ratings upgrade. 

Finance Secretary Arvind Mayaram is confident of India getting a ratings upgrade from the S&P in the next few months. He said that the government will keep surprising with positive reforms and India’s GDP growth in FY15 will be over 5.5 percent. - Moneycontrol Bureau 

Read More

Support from Retargeting of CRM to Growing Sales Roi

Support from Retargeting of CRM to Growing Sales Roi

   October 03, 2014       prabhakardalvi

---

Next to every mid to large company now have their customer databases setup for building relationships and mining additional business. If you have not setup one in your company, its time you do it right away to stay updated. Once you’re through with this, then you will certainly want to make CRM Retargeting part of your marketing strategy. Its certainly a valued foil to your other techniques that enables you to base more effective & strategies marketing both online and offline.

What is CRM Retargeting?

CRM Retargeting permits you to serve online display ads directly to your existing customers as they browse on the internet. It uses your existing offline data to reach your customers online at any time, not just after they visit your website, unlike regular retargeting. CRM Retargeting interprets a company’s rich offline data into anonymized online segments that can be used to create highly targeted and more effective display advertising.

Is there any difference with other Retargeting forms?

CRM Retargeting uses your offline customer data residing on your CRM to reach your customers online directly; unlike regular website retargeting where after they visit your website. There are several forms of targeting and retargeting.

Behavioral targeting is one of them; it serves your display ads to a visitor based on information collected from that visitor's behavior across the web (i.e. keyword searches, site surfing). Your audience is created through data made available from third-party providers or several other available platform's behavioral data. However, Site retargeting serves your display ads to users anywhere on the internet based on their recent action on your website. This allows you to continue engaging site visitors after they have left your site; thus building an audience based on your website traffic.

Why should you consider CRM Retargeting?

Simply because of 4 quick and reliable reasons namely: - to improve your sales, lower your CPM charges, give your client the complete 360° experience and to provide your customers with precise and pertinent info.

As per a study conducted by Oracle, only 59% of catalogue recipients ever make purchases directly from the catalogue. By using CRM Retargeting, you can complement your catalogue campaign with online display ads that resemble your catalogue’s content or customers’ purchasing history. Not to forget, CRM retargeting is also a fabulous technique to engross your buyers who make a one-time purchase or have signed up for email notifications but never really respond to your emails.

So what about Email retargeting then?

Email retargeting is an easy and efficient way to complement your email campaign with display advertising so that it helps in drastically improving your campaigns reach. According to this Teradata study, email combined with display outperforms email on its own, and contributes to a significant increase in website and landing page traffic.

So, combine your direct marketing and email strategy with CRM Retargeting and reap the benefits of retargeting in the long haul. (www.smarteinc.com)

CRM retargeting is an extremely commanding foil to both direct mailing and email marketing. If your database consists mainly physical mailing addresses, this is one of the only effective ways to take those contacts online and begin serving ads to them.

{{ The Guest Post Blogger organization was not involved in the creation of this content. - Dalvi Prabhakar B, Founder & Digital Manager (SEO,SEM,SMO) }}

Read More

Why Leaders Must Fail in Targets have some Reasons

Why Leaders Must Fail in Targets have some Reasons

   September 29, 2014       prabhakardalvi

---

We are surrounded by the chase for perfection but unfortunately it doesn't exist. The crazy thing is that all of us KNOW it doesn't exist. How do we know? Well, we all have different opinions and no one agrees 100% with the media. Not everyone agrees that 4.0 is the greatest indicator of success and neither is 2400.

So, why is it that we continue to chase after perfection? The simple answer is that we haven't been taught how to fail. We haven't learned how to own up, accept responsibility for our results and continue to move forward. Sure, some of us do it. But, when something goes wrong, the majority of us immediately react by looking to place the blame on someone or something. Unfortunately, that is the reaction of many leaders as well. Many leaders blame the economy. Many leaders blame the worker morale. Many leaders blame the marketing department. Many leaders blame everyone but the person in the mirror. Maybe blame is a tough word because it makes it seem like all of the responsibility should lay in one place. That's not the intent. However, when things are not working, I'm suggesting that our first response should be to look inward, asking the question, "what can I do to move this forward?"

I read a quote by Harold Myra that said "Failure is the inevitable companion of a large vision."

If I flip that on it's head, the question becomes, "If you are not failing, how large is your vision?"

People don't always follow leaders with a large vision. But leaders who create and ultimately achieve a large vision make IMPACT! They make impact not only because they were consistent in sticking to the vision and executing, but also because they failed and were able to continue powerfully in the face of it.

Powerful leaders must be able to teach their teams not only to EXPECT failure but HOW to fail. In racing, the drivers learn HOW to crash and HOW to respond when the road conditions cause the car to spin. A crash is a fail but learning how to do it is important. When learning how to parachute, there is not really a great margin for failure. However, when a parachute fails, you are taught about the reserve parachute and rolling techniques that may lessen the impact as you reach the ground. (Check out this article)

When leaders fearlessly fail, several things take place:

1. They are able to practice rebound - They are able to understand the process of breakdown and how to come back from it. They can then effectively direct their teams on this process.

2. They show that it is a part of the process of progress - Achievement doesn't happen without failure even though we like to share the story of ideal. The real story is about how to push through the process.

3. They create a culture of safety - Too often, we work or live in environments where we FEAR messing up. If we mess up, we are going to get fired, be blamed, etc, etc. If the leader fails and provides the template for pushing through, that creates a culture where failure is safe, especially if they are taught HOW to fail.

4. They get to see FIRSTHAND what works and what doesn't - Too often leaders are removed from the process. It is in being closely connected that you are able to solidify relationships and create unity. When failure happens here, it's easier to brainstorm. It's easier to craft a new path. It's easier to move forward with an entire team that pushes in the decided direction. However, if the leader is removed, what tends to happen is simply meetings, meetings and more meetings that circle around blame and who's fault it was. It's not always possible for the leader to be in the middle of the pack. But, the show Undercover Boss is a perfect example of the perspective that is gained when this effort is made.

Perfection is all around us. Well, at least the chase for it is. Media tells women what is the perfect body shape and weight. Academically, 4.0 is a perfect GPA. Back in the day, 1600 was a perfect SAT score but apparently it is now 2400. (Shows you how long ago I took it.)

Perfect doesn't exist. Failure does. Why focus on the one that isn't real? Pursue fearless failure. Pursue progress. Pursue learning.

Can you remember a situation in which you were taught HOW to fail? Leave your answer in the comments.

------------

About The Author: Robert Kennedy III is trainer, author and speaker that works with organizations on personal performance and leadership. He believes that focusing on personal performance empowers individuals to create and achieve their best while allowing purpose-driven organizations to achieve maximum results. He is the author of 28 Days To A New Me: A Journey of Commitment and the also the forthcoming book, Purpose, Power & Profit: How To Create Maximum Impact Through Understanding Your Gifts. 

{{ The Guest Post Blogger organization was not involved in the creation of this content. - Dalvi Prabhakar B, Founder & Digital Manager (SEO,SEM,SMO) }}

Read More

Unhealthy People Fats Not Affordable to USA Country

Unhealthy People Fats Not Affordable to USA Country

   September 24, 2014       prabhakardalvi

---

Unhealthy public as Fatty people (sorry for this word) make bankrupt to own families. In USA many fat people spending lots of dollar for medicines. Medical costs of USA citizen $2.8 trillion means $9000 per person / per head in country. National health organization don’t make new grants why? USA nation spent almost half of budget on this unhealthy people.

As per Galloup & Healthways reports in USA, well condition health people 25%, unhealthy OR fatty & obesity peoples 57%, suffering from other diseases 11%. This reports shown how USA face Medically Unhealthy bankruptcy in last 10 years.

USA Centre of disease controls, declare 70% of country people too fat, they spent all money on cover disease cure (they almost bankrupt). Not helpful for national fund obesity until 2022.

USA issue grants, after debate they make expansion in medical funds raise to $2.8 trillion.

Author thought

Be healthy – be fit for child / parents, be fit for help National financial positions. Make strict to every person for Healthy to improve life. God bless USA

Read More

India can't grow as fast as China, Japan

India can't grow as fast as China, Japan

   September 22, 2014       prabhakardalvi

---

Warren Buffett once pointed out that it is easier to get big returns on small sums.

As he put it, "I was killing the Dow in the 1950s but that was when I was investing peanuts."

That is, he was outperforming the Dow Jones Industrial Average by large margins when his corpus was relatively small.

It got progressively more difficult for Buffett to outrun the indices, as Berkshire Hathaway's portfolio grew into billions.

High growth is also much easier to log in a small business than in a Reliance.

Similar issues of scale also hold true for national economies.

It is easier for a small economy with low per capita to grow quickly.

It is more difficult for a large economy to sustain high growth over long periods.

The prosperity and high living standards of Europe and America came about due to steady, low growth over very, very long periods.

Stable economic growth started with the industrial revolution (1760-1820), and continued through the colonial phase.

Nations in Western Europe and America saw GDP (gross domestic product) growth compounded at 1-2 per cent per annum for over a century.

Since World War II, several nations have demonstrated that sustained GDP growth at much higher rates is possible.

The possible reasons might be that technological changes came faster after 1945 and investment flows also became more efficient.

So, GDP growth rates accelerated.

Even so, China and Japan are truly amazing.

Both countries grew at breakneck pace for very long periods, starting from low bases. 

Japan lost its entire industrial base in World War II, many cities were obliterated and a large proportion of the working population was killed. Growth in the 1950s started from a very low base, therefore.

It continued until Japan became the world's second-largest economy in the 1980s. Since then, growth has stagnated but Japan is the third-largest economy.

Between 1930 and 1948, China suffered civil war, while also fighting the Japanese. After Mao Zedong came to power, famines and political purges led to the deaths of 10 million or more.

Mao died in 1976. In 1979, China liberalised its economic policies.

It has since grown very fast to overtake Japan and become the second-largest economy in the world.

In nominal terms, India's economy is one-fourth as large as China and one-third as large as Japan. But India only started liberalising in 1991, some 13 years after China.

Adjusting for time differentials, the macro-economic growth pattern is quite similar. India is more or less where China was in 2001.

However, researchers who point out this similarity also point out key differences.

China had far superior literacy rates and far more female workforce participation in 2001 than India does in 2014.

China followed a manufacturing, export-oriented growth model from the 80s onwards.

It exploited its much cheaper labour to gain market share versus other export-oriented nations like South Korea and Japan.

It is much more difficult for India to compete on this front in 2014.

The cheap-labour driven export-model has multiple players - Indonesia, Bangladesh, the Philippines, Thailand, etc.

China also got a lot of foreign direct investments coming from the well-established overseas Chinese business community.

India's upper-crust non-resident Indians are mostly professionals, and they might not be able to match this. So, India will have its work cut out emulating China's growth rates through the next phase.

The large Indian workforce is under-skilled.

The education system is in a shambles and might not respond effectively to the need to teach labour new skills.

Building scale in new manufacturing areas requires years of effort, and need changes in labour laws, land laws, etc.

The pace of movement in such areas is very slow. While these things could improve, India's growth is more likely to be driven by the positive trends that are already evident.

There are pockets of excellence in industries, where India is export-competitive, such as IT services, bulk pharmaceuticals, automobiles and auto-ancillaries.

There is a huge, under-served domestic market for many services and many goods.

As poverty reduces, there will be fortunes to be made catering to the lower end of the pyramid.

There is a massive shortage in physical infrastructure and efforts are being made to address this deficiency. India hopes to tap China and Japan for money and technical know-how.

Specific growth areas for India are liable to be different from areas in which Japan, China have scored, says Devangshu Datta.

That is fine, so far as it goes. But the specific growth areas for India are liable to be very different from the areas in which Japan and China scored.

Devangshu Datta

source: business-standard.com

Related News: China, India, Japan, Warren Buffett, GDP

{{ The Guest Post Blogger organization was not involved in the creation of this content. - Dalvi Prabhakar B, Founder & Digital Manager (SEO,SEM,SMO) }}

Read More