madhukar shukla

Renaissance (VNIT, Nagpur April 3rd, 2010)Madhukar Shukla


A new option…


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Which perhaps also explains why…

India lost out to Sri Lanka and just about beat Bangladesh


How is Poverty Defined in India?Income-wise Population Distribution in Rural & Urban India

Rural India Urban India

per month popn. per month popn.

Below Poverty Line < Rs.329 33.60% < Rs.457 28.50%

Not Poor Rs.329-470 33.80% Rs.458-775 37.40%

Middle Class Rs.470-775 25.30% Rs.775-1500 26.30%

Rich > Rs.775 7.30% > Rs.1500 7.80%

Source: Reports No. 468 & 469, NSSO, 2001


World WorldPopulation Income Richest 20% 82.7% Second 20% 11.7%Third 20% 2.3%Fourth 20% 1.9%Poorest 20% 1.4%


Interview with KV Kamath, ICICI

Useem: As you look ahead over five years, many things can go wrong. What do you most fear in the Indian economy and the global economy that could derail your plans?

Kamath: I guess in the Indian context, I would say something that is unforeseen, like social strife, because we are living in a world of haves and have nots. And there is a divide. Now is this going to be something that could bother us? To me, this is the single most important thing which could impact business.


Chetan Ahya (Exec Dir, Morgan Stanley)

The worrying aspect of the trend in globalisation and capitalism is the rising social challenges on account of increasing inequality. We believe the rise in inequality, when absolute poverty levels are still very high, poses a major political challenge.

The inequality gap in wealth is even starker. … our analysis indicates that India has witnessed an increase in wealth of over $1 trillion (over 100% of GDP) in the past four years — and that the bulk of this gain has been concentrated within a very small segment of the population.


Where are the solutions?...

= > Entrepreneurship to create Social Change


SocialEntrepreneurship

BusinessEntrepreneurship/

Corporate Business

BeneficiariesOfWealthCreation

Entrepreneur /Business

Society

Nature of Wealth Creation

EconomicDiverse

The Entrepreneurial Space

e.g.•Social Provision Providers/ CSR• Social Business •Stand-alone NGOsetc.

e.g.,•Grameen•MFIs etc.

e.g.,•Biotech,•Goonj,etc.


How to make an Impact?

Innovation to Serve an Un-Served Need (e.g. Selco-India)

Systems Change: Breaking the “Unequal Structure of Opportunity” (e.g., Super-30)

Think Big & Scale up (e.g., Aravind Eye-Care)

Advocacy for Policy Change (e.g., Childline)


Courtsey: Ingrid Srinath, ex-MD, CRY Secretary General, CIVICUS


Demand /Dream for an “Alternative” Career among young professionals

Easy2commute.com

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