Being connected
Though technology can make life simpler, being connected using mobiles and the internet is risky, with loss of privacy a major problem.
http://www.indianexpress.com/news/stealthy-cellphone-software-stirs-outcry/883626/
http://www.indianexpress.com/news/boon-to-bane-execs-rue-web-mobiles/883287/
Forecasts for the Global economy
Forecasts for the Global economy
http://indiatoday.intoday.in/story/global-economic-meltdown-un/1/162426.html
This affects growth of the IT sector
Quarterly growth figures
This article has interesting quarterly growth figures
http://www.business-standard.com/india/news/india-headed-for-hard-landing/457176/
The Indian economy is affected by global trends as well as local factors.
In times of uncertainty, it is better to do nothing, just wait and watch.
Economic growth rate 6.9% for Q2, 2011-2012
India’s economic growth rate slipped to 6.9% in the second quarter of the fiscal year 2011-2012, the lowest in nine quarters, prompting the government to lower its full-year growth projection to 7.3%.
Economic growth during the July-September period of FY12 fell mainly due to poor manufacturing performance and declining output of the mining industry. Agriculture growth, too, showed moderation during the period
A reflection on the current economic conditions
Stock hype
Newspapers never fail to hype the sudden increase in stock prices . But these are not based on fundamentals, the real conditions remain the same or are becoming worse. Gullible investors who believe in the hype end up losing money.
Conduct vs Appearance
Conduct vs Appearance – one of the worst things in the last few years has been the increased emphasis on the looks and packaging to judge a person and disintegration of the value system. The mainstream media (no doubt keeping in mind the interests of their main advertisers) highlights assorted celebrities and does not cover any real news. A person’s appearance changes as he or she grows older, but the value system and what they learn remains with them through out their life.
Media layoffs and salary cuts
So newspapers in India are cutting salaries and laying off staff. In the past few years, the salaries in the media sector have increased to unrealistically high levels. After all, the media only reports on events , they do not create wealth . This was going to happen sooner or later.
Layoffs and life
From the comments, it appears that this laid off employee is from Infosys. It will be some time before this news appears online, the media treats some companies with kid gloves.
The main difficulty will be experienced by people who lead a lavish lifestyle. Many people in their twenties are very fond of Ipods, Iphones, Plasma TVs, Cars and other expensive gadgets, but do you really need them?
Many years ago, I have lived in hostels with a curfew time of 8.00 pm, where breakfast and dinner cost Rs 300 per month (don’t ask me about the quality, I had no choice) , may be that is why I can be happy with very little. Ultimately that could be the greatest advantage I have.
The next scam?
Disappearing crores – I wonder why the media wakes up only when it is too late. People lose their hard earned money when they read favorable reviews in the media and invest in the company. Another case of PR releases doubling as news?