New Year, New Cheer?
In this issue of BW Businessworld, we put the auto crisis as a cover story which shows no signs of abating. Yet, the auto majors are exploring various strategies and newer models in the hope that the new year will bring them some respite.
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“Blind belief in authority is the greatest enemy of truth.” — Albert Einstein
When did you last hear an industry leader stand up to the government? Rahul Bajaj recently lived up to his reputation as a perennial anti-establishment industry leader when he suggested before Union Home Minister Amit Shah and his colleagues Nirmala Sitharaman and Piyush Goyal that the government didn’t really appreciate criticism. Shah responded to the barb at the event. Sitharaman later presented an elaborate defence of the government.
India Inc leaders are not often known for taking on the government of the day. Some notable exceptions include the likes of Anu Aga, Kiran Mazumdar Shaw, Naushad Forbes, and, of course, Bajaj.
Some issues that have exercises the industry leaders in the recent past include tax terrorism. But is there an atmosphere of fear in the country where people are afraid to speak out? We beg to differ. Having said that, it’s time that the government engaged with industry and addressed their concerns. The government can very well argue that the Finance Minister has been routinely holding confabulations with the industry representatives across the country. Probably more needs to be done.
This adds to the pressure on the government which is already preoccupied with fighting a slowdown that appears to be getting worse every quarter.
It all began with the auto crisis which shows no signs of abating. Yet, the auto majors are exploring various strategies and newer models in the hope that the new year will bring them some respite. We then put it on the first cover in this issue of BW Businessworld — Can the new year bring cheer to the auto majors?
We have another interesting story as the second cover. Sony India completes 25 years of its presence in India. Many older readers can very well relate to the Sony Walkman and other products they grew up with. With its focus on the premium segment, there is a fear, however, that Sony India may be losing connect with the newer generation.
We also have a special section on Great Places to Work in IT & IT-BPM.
This has been an era where nationalism and protectionism have found new voices all over the world. What does it mean for a globalised world? Swadeshi Jagran Manch co-convener Ashwani Mahajan has an interesting take on Global Swadeshi in Last Word.
This issue of BW Businessworld comes with all other regular columns, features and sections. Do keep sending your feedback. Happy reading!