Bangladesh has seen a rise in the no working women and is far ahead of India! (shocking stat) (2/n)
They are the most efficient when it comes to communicating. Also, the current generation is way more smarter and more aware then the previous as it has been historically. They're born with internet. They'll call out all bullshit by verifying on Wiki, etc. (6/n)
Many such products have become mere icons! (12/n)
(Whatta perspective of looking at history) (13/n)
1.A TelCo who has 500 mn customers decides to lend?
2.A hardware co having 300 mn phones decides to do Investments/MF? (since it knows everything about your demographics, income, spending style, etc)
They both have distribution and lack capabilities (14/n)
(this is GOLD) Applies to most new businesses all around in the startup space! (15/n)
1.Conglomerates emerge in countries which have low trust. People trust only a few brands and they have the power to sell everything from salt to tech to metals(TATA's)
2.Nepotism: star kids enjoy some partial trust. (17/n)
-We empty the fuel tanks before giving the cars for service.
-We double check the bill in an eatery.
-Prefer a DD v/s cheque.
(Can think of many more examples like not giving lifts to strangers, etc)
Thus removing trust barriers is critical for growth. (19/n)
Humans agreed on currency by having Trust within the community/society.
India has seen 10 instances of demonetization in the past. New ruler. new currency. Our love for *GOLD* is directly proportional to the lack of Trust & lack of willingness to pay taxes. (23/n)
Every currency&religion became big when a supreme leader endorsed it.
religion and currency are similar concepts. they blow up when multiple people come together and believe in a common concept. (24/n)
Tracking traffic in malls, we see kids events organised so that families come and spend. Similar concept exited in the past in India. Temples. They are the traffic drivers. Very high DailyActiveUsers (DAU). Shops around temple monitized the much better. (26/n)
Monologue ends. Q&A with Naveet Munot of @SBIMF (28/n)
"Any co that has an IT dept is not a tech co"
Entire audience chuckles on this remark(most of them work in such cos which have an IT dept :D ) (29/n)
-watches the same @netflix content
-is a global citizen
-laughs at the same meme's
-speaks english(like never before in the past, the entire country speaks english)
thus flow of ideas is more fluid.
Self driving driving cars may disrupt the hotel industry. People driving long distances might no longer need to park & sleep off at a motel. they might just sleep while the car drives itself(i'm startled here)
The competition is not coming from the same sector(31/n)