PrøvGOLD- Free

'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.

Denne historien er fra September 2024-utgaven av Outlook Business.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9500+ magasiner og aviser.

Denne historien er fra September 2024-utgaven av Outlook Business.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9500+ magasiner og aviser.

FLERE HISTORIER FRA OUTLOOK BUSINESSSe alt
Outlook Business

Driving Towards Sustainable Mobility

As India transitions into the era of cleaner and more sustainable mobility solutions, it has become imperative for automakers to do more than just electrify their line-up.

time-read
1 min  |
June 2025
A Historic Blunder
Outlook Business

A Historic Blunder

A ceasefire has been announced post-Operation Sindoor that destroyed nine terrorist bases in Pakistan and Pakistan-occupied Kashmir (PoK), its air defence infrastructure and other military bases.

time-read
3 mins  |
June 2025
‘India serves as a testing ground for scalable solutions’
Outlook Business

‘India serves as a testing ground for scalable solutions’

Swetha Ramdas, principal, APAC sustainability, Amazon tells Sudipto Dey in an email interview that the company is delivering orders with reduced or no packaging in over 300 cities in India. Edited excerpts

time-read
3 mins  |
June 2025
Third Time's A Charm?
Outlook Business

Third Time's A Charm?

As payments and lending lose their sheen, fintechs are betting on broking and wealth management as their next engines of growth

time-read
6 mins  |
June 2025
NSIC has been imparting skill training amongst aspiring entrepreneurs
Outlook Business

NSIC has been imparting skill training amongst aspiring entrepreneurs

National Small Industries Corporation’s CMD Subhransu Sekhar Acharya tells Outlook Business how the organisation is helping MSMEs grow. Edited excerpts:

time-read
4 mins  |
June 2025
War will affect India's attraction as an FDI destination
Outlook Business

War will affect India's attraction as an FDI destination

Ajit Ranade, senior fellow at Pune International Centre, tells Pushpita Dey that it is in India's interes to contain border conflicts. Edited excerpts

time-read
3 mins  |
June 2025
Building Blocks of a Circular Economy
Outlook Business

Building Blocks of a Circular Economy

Across our planet, the consumption of finite natural resources is placing a large strain on the environment, with changing geopolitical dynamics adding new dimensions to the challenge.

time-read
3 mins  |
June 2025
Mankind Gets A Booster Dose
Outlook Business

Mankind Gets A Booster Dose

The pharma company under Sheetal Arora is looking to increase its footprint on foreign soil by leveraging its recent acquisitions and increasing investments in R&D

time-read
5 mins  |
June 2025
Our Tier-II and Tier-III cities present youthful demographics and cost-efficient operations
Outlook Business

Our Tier-II and Tier-III cities present youthful demographics and cost-efficient operations

Ekroop Caur, secretary, Department of Electronics, Government of Karnataka in an email interview with Shruti Tripathi discusses the state's vision to strengthen the digital ecosystem. Edited excerpts:

time-read
3 mins  |
June 2025
Taste of Tradition
Outlook Business

Taste of Tradition

An iconic sweet shop from Pune is defying the three-generation rule to scale up the business and take its products global

time-read
5 mins  |
June 2025

Vi bruker informasjonskapsler for å tilby og forbedre tjenestene våre. Ved å bruke nettstedet vårt samtykker du til informasjonskapsler. Finn ut mer