Giving Back - Company Should be a Community

Almost of all Indian IT companies have enjoyed tax incentives in the name of IT export and creating high end technology jobs in India. We continue to enjoy monetary benefits in the name of tax incentives. These tax incentives in no way are less. IT industry have been enjoying these and it is fair to say that this has become one of the key strategies to make money (or at very least to increase profit). Whenever the government says its plan to cut the incentives, the industry voices and makes sure that they get some form of incentives.

If we look at the other side, are we fair enough. We simply forget the fact that we get incentive on tax which otherwise will go to welfare of the people (well some part to welfare of people and some part to welfare for politicians). Most of the IT companies fail to remember that they have to "give back". The companies have to give back to people in terms of money, time, efforts. Apart from transforming their businesses, the customer businesses, employees, we must "give back" to the country. Unless we give back, we will not get back. Simple logic.

When I traveled back to India from US, I happen to meet Mr Jayen Desai, Head Business Excellence, Applied Electronics. He talked about the role of an industry in national development. Particularly, with the technology expertise that IT industry possesses, we can do a lot to our nation. Will we get time to do it? Can each company become a community?

PS: The few minutes discussion with Mr Jayen Desai in Super Shuttle (from San Jose to SFO airport) is one of the defining moment and one of the most productive time in my professional career.

India and China - Propellant of Global Economy

The dream of India to become global economy propellant may soon come true. India, together with other developing economies in the region especially China, may drive the growth of global economy. As the time passes on, these developing economies are becoming more relevant to propel prosperity. This month's Harvard Business Review comes with a sweet news and alarms the global organizations to watch out for top ten trends - India and China being one among them.

While the consumer spending plummeting all over the world, post recovery, the consumer spending in India and China will be heading higher. US continue to be in the top followed by China at the second position. European countries will occupy the third position and fourth place by Japan. India will be the fifth country. China, India and Japan (Asian countries) put together will have consumers who are ready to buy products. What does it mean to us? It means that Asian countries will have new level of influence and responsibility to propel global economy. All the developed nations will be willing to do business with Asian countries and we will see "protectionism" will be underplayed and we will again step into controlled liberalization. We are going to see more liberal voices and policies soon.