Weekend reads from India - April 28, 2018

  • India’s North-South Divide Is Major Political Problem (Bloomberg Quint)
  • Celebrating TCS’s triumph and the spunk of Flipkart (Livemint)

    We will still carp about how TCS isn’t a Microsoft and why it doesn’t have the same number of patents or why Flipkart couldn’t go on to become an Alibaba or a Tencent. It is after all, our right to expect more from our champions. But for all that, let us also celebrate the triumph of knowledge over physical assets, of mind over matter. The success of these two companies, and hundreds more like them, is nothing short of a modern day miracle.

  • Start of Indian outsourcing industry - Interview with TCS’s first CEO Faqir Chand Kohli (Livemint) - INFY, WIT

    I remember, in 1972, I went to Mr. Tata (JRD Tata) and told him that I have no work. I had finished all work that was available with banks. Mr. Tata was worried. But then I got elected as director on board of IEEE, New York. I built up my own connections. I worked with Burroughs, which was the No. 2 company after IBM. They gave us the first job. And after that, exports took off.

  • Why the Walmart-Flipkart alliance is about more than just taking on Amazon in India (Yourstory)

    At the end of the day, if it is benefiting the company and the consumer, it is a win for the Indian ecosystem altogether. Surely, Walmart brings in its unique culture as mentioned above. What is more, Walmart announced last week that suppliers have reported reduction of more than 20 million metric tons (MMT) of greenhouse gas emissions, as part of the company’s Project Gigaton initiative. It’s not just Flipkart, but India itself that could benefit from such initiatives.

  • Air India Sale Hits Roadblock Amid Government Restrictions (WSJ)

    Air India has a nearly 26% share of the international market when considering only Indian carriers. It also has a 12% share of the Indian market where traffic is surging as rising incomes allow more Indians to fly and the government’s efforts to improve connectivity to smaller towns make travel more affordable.

  • Outcome-based financing for development in India (Livemint)