The economy is not struggling, but the business models are changing

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Dear Editor,

HERE is a very interesting insight. Often heard nowadays that “Indian economy is struggling.”

Sit back and dispassionately think “is the economy really struggling or are business models struggling?

Some food for thought:

1) Car sales are going down… but Ola/Uber are rising.

2)  Restaurants are going empty… but home delivery is rising

3) Tuition classes are not getting students but online studying is rising

4) Traders are struggling but online market sites are breaking all records in sales.

5) Old commission -based businesses are sniveling, but online services, at low cost, are finding takers.

6) Cell phone bills have reduced and internet penetration is increasing.

7) Stable (read “Govt Jobs”) are dwindling but ‘Startup’ jobs offering equity and flexible work time are expanding.

If truth be told what we are experiencing is a transition phase.

And any transition is painful for the “well set,” the “masters of the past.”  It’s challenging for those whose business models are based on ancient data.

It’s a mystery for those who have never looked beyond traditional methods or have assiduously resisted change of any kind. So the economy is not struggling, the business models are changing.


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