The crystal ball

One may be tempted to draw parallels to the US real estate boom, which has now shown signs of a painful slowdown. The outlook for appreciation in 2007 is relatively fl at out there, while at least a third of American metro areas are expected to see slight declines in housing prices. According to RREEF (research firm with Deutsche bank), capital allocated in real estate in US in 2007 is expected to be less than its value in 2006, while in EU, an additional $70 billion is expected to be invested. Investment in Asia Pacific reached $63 billion in 2006, five times its value since 2000; and is expected to shoot up to $366 billion by 2010.

One area that shows a huge promise, even to us, is the SEZ space. Just 8-9 SEZs are currently operational, while around 230 SEZs are formally approved. But critically, the major fault with the sector lies with the government, which, instead of initiating a long standing public-private partnership to plan economic growth & ensure coordinated development of housing for masses & development of commerce, has limited itself to using the ‘interest’ stick as an electric control rod.

Unless the government reworks its understanding of structural macroeconomics, the real estate sector, uninhibited during both boom times and depressions, could lead to India’s economy being exposed to extremely dangerous vagaries of yo-yo economics, where markets rise and crash very fast and during very short periods. Real estate was never meant to be a speculative industry; unfortunately, that is what it has started becoming, with players buying and selling property in order to make money over the short term. Can our government put an urgent stop to this? We haven’t got a reply from them; if you do, call us.

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Source: IIPM Editorial, 2008

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

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Ministry of good sexual practices

When her tall persona fails to intimidate Indian menfolk, the Women & Child Development Minister, Renuka Chowdhury uses candour to bring home the point – if Indian men really care for their wives, they need to use condoms on a regular basis. She even suggests to women that if their husbands are irresponsible in picking up the safety device on their way home, wives should take matters in their own hand and do the needful. In as much, the minister is rightly out to shake up the very foundations of India’s orthodox Patriarchal setup. And the drive behind her bold utterances? Yes! To prevent Aids and other ills plaguing Indian society.

One should applaud Renuka for spearheading a frontal attack on the sometimes hypocritical moral fibre of Indian society, but oft en she does give a feel of overstretching her brief and indulging in glib talk. This was evident when she recently talked about registering all pregnancies & abortions within the country. Of course, one doesn’t dispute her intentions, which are primarily directed towards preventing female foeticide (a study by The Lancet, a British medical journal, reported last year that upto 500,000 female fetuses are aborted each year in India, leading to birth of nearly 10 million fewer girls over the past two decades), but what one does argue against is the wishful thought that such a measure can be effectively implemented in a country like India.

For Complete IIPM Article, Click here

Source: IIPM Editorial, 2008

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

IIPM Arindam Chaudhuri 4Ps Business & Marketing Business & Economy

Kkoooljobs Planman Media Planman Consulting Planman Marcom GIDF

Planman Technologies Planman Financial Planman Motion Pictures

The Daily Indian IIPM Think Tank

The Sunday Indian