'Growth is a Result of Risk-Taking Behaviour'
Outlook Business|September 2024
Sanjeev Sanyal, member, Economic Advisory Council to the Prime Minister tells Parth Singh that there is hope as many young people are moving away from the beaten track when it comes to jobs
Parth Singh
'Growth is a Result of Risk-Taking Behaviour'

What should we do to make India a nation that innovates with new products and embraces newage industries?

Economics and politics are ultimately downstream of culture. When a society has a culture of risk-taking, aspiration and chasing excellence, the economics and politics of that society will begin to reflect certain kinds of behaviours.

It is sometimes easier to understand our own society by drawing analogies from another. Let's look at the European Renaissance. After the decline of the Roman Empire, Europe remained a backwater for about a thousand years. Then, suddenly, in the 15th and 16th centuries, a large number of extraordinary innovators emerged [Leonardo] da Vinci, Michelangelo, Galileo, Vasco da Gama and Columbus. Even Shakespeare wrote his plays during this time. Within just a few generations, you witness a surge of risk-taking across diverse fields. This shift in culture led to five hundred years of European dominance.

The same phenomenon has happened in Bengal. For a century, from the mid-19th century to the mid-20th century, Bengal produced a large number of remarkable individuals like Swami Vivekananda, Sri Aurobindo, Netaji Subhas Bose, AJC Bose, Mohini Mohan Chakravarti and Rabindranath Tagore. These individuals excelled in diverse fields.

Diese Geschichte stammt aus der September 2024-Ausgabe von Outlook Business.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

Diese Geschichte stammt aus der September 2024-Ausgabe von Outlook Business.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

WEITERE ARTIKEL AUS OUTLOOK BUSINESSAlle anzeigen
'Automation is Redefining Efficiency and Precision in Jewellery Manufacturing'
Outlook Business

'Automation is Redefining Efficiency and Precision in Jewellery Manufacturing'

Increasing brand consciousness and awareness among consumers is helping expand the organised jewellery retail industry. MP Ahammed, chairman of Malabar Group, discusses prominent trends in the jewellery industry

time-read
1 min  |
November 2024
BATTLE TO WIN THE AI RACE
Outlook Business

BATTLE TO WIN THE AI RACE

In Supremacy, Parmy Olson tells the astonishing and behind-the-scenes story of the battle between the world’s two leading artificial intelligence firms, OpenAl and DeepMind and the continuing rivalry of its founders Sam Altman and Demis Hassabis respectively

time-read
5 Minuten  |
November 2024
A LEADER WHO EMPOWERS
Outlook Business

A LEADER WHO EMPOWERS

Anshul Arzare, MD and CEO of YES SECURITIES, wants to ensure a workplace where employees not only contribute to the company's vision but also feel content

time-read
2 Minuten  |
November 2024
EV Unplugged
Outlook Business

EV Unplugged

Electric vehicles are crucial to India’s climate change plan. But reliance on China for imports and technology constraints remain hurdles the sector needs to overcome

time-read
6 Minuten  |
November 2024
Every Lamborghini Owner is a Brand Ambassador
Outlook Business

Every Lamborghini Owner is a Brand Ambassador

Regional director of Automobili Lamborghini, Francesco Scardaoni, talks to Prachi Khanna about the brand’s approach to fostering a sense of community among its vehicle owners. Edited excerpts

time-read
3 Minuten  |
November 2024
NO ZEST FOR ZED
Outlook Business

NO ZEST FOR ZED

A government initiative to green MSMEs is not finding enough takers

time-read
4 Minuten  |
November 2024
SMALL PLANTS, BIG TROUBLE
Outlook Business

SMALL PLANTS, BIG TROUBLE

Climate-triggered stress is placing an unprecedented burden on small businesses. But a lack of access to climate aid hinders the sector's ability to adopt greener methods

time-read
6 Minuten  |
November 2024
'We Think About the Rider More Than Any Other Company
Outlook Business

'We Think About the Rider More Than Any Other Company

Rapido co-founder Aravind Sanka talks to Neeraj Thakur and Deepsekhar Choudhury about how flexibility and fair pay helped his company disrupt the Ola-Uber duopoly. Edited excerpts

time-read
3 Minuten  |
November 2024
LABOUR PANGS
Outlook Business

LABOUR PANGS

Rising cost of living in a fast-growing economy is making workers restless

time-read
5 Minuten  |
November 2024
'Hustle is No Virtue'
Outlook Business

'Hustle is No Virtue'

It has become fashionable to talk about the verb “hustle” these days, especially in professional settings.

time-read
3 Minuten  |
November 2024