What’s more important experience or expertise?
The new governor of the Reserve Bank of India, who was hastily appointed by the government, is a highly experienced bureaucrat, with a questionable past, if Subramanian Swamy is to be believed. An IAS officer of the Tamil Nadu cadre, he retired last year and is apparently a most trusted aide of PM Narendra Modi, [?]
- With a huge base of highly educated youth, willing to take an entrepreneurial risk, or rather at times compelled to take such risk for want of suitable jobs, together with a giant domestic market opportunity waiting to be exploited, India should ideally be brimming with prosperous start-up enterprises.
- With a support base of a formidable legal/banking/financial framework at least on paper, together with our dynamic homegrown talent, which is capable of interfacing with world markets.
- The Indian government recognizes the potential of our domestic start-ups, for our economic growth and for harnessing India’s deep and vibrant talent base, which for lack of opportunities at home, is often forced to emigrate overseas.
- The fact is that despite such raw dynamism and huge talent base, coupled with our giant domestic markets, investors have been a very cautious lot.