How Japan's transformation in 1970s & not U.S. crisis is a model for India

The Indian economy and stock markets don’t necessarily have to follow their US counterparts and sink amid the global economic turmoil triggered by the pandemic and Russia’s invasion of Ukraine. The transformation of Japan in the 1970s is a strong model for India in 2022 because of the many similarities in Japan’s troubles then and India’s challenges now. The world belongs to countries and companies that can deal with exogenous shocks with enterprise, innovation and hard work, investment guru Saurabh Mukherjea of Marcellus Investment Managers tells ThePrint’s Managing Editor YP Rajesh in the latest episode of #QuarterMaster
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[ThePrintIndia]

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[karthikeyanv]

Thanks theprint team. Another excellent session with Saurabh. It is always some food for ( financial) thought when Saurabh speaks. Only negative comment I have about this session is its frequency. With so much happening in the world of finance and economics, just as in the world of politics, we deserve (and demand) more frequent sessions with Saurabh. Please consider.

[maitreyasharma]

Literally "MAZA AA GAYA SUNKE".
I LOVED THE ENTIRE ANALYSIS.
TIME TO ROLLUP YOUR SLEEVES AND START WORKING REALLY HARD.

[sr]

I guess when Saurabh says that over the past 10 years, India has financializing it's physical health, attributes this process due to Modi's push on digitalization.

[Buzzle]

What economist don't seem to realise is that in 70's US had huge influence in japan policy maker, one of the reason for their economy to stop growing.

[aryaaswale]

Trust me when i say ive been waiting for this for the past quarter

[truxlee]

Many people trace the beginning of Japan's true economic recovery post WW2 to the outbreak of the Korean War which quickly ejected slow paced dreamy American socialism from the driver's seat in Tokyo. Japan's geographic location, work ethic, and business acumen of its people was quickly needed to provide nearby logistical support and repair facilities to prevent the imminent defeat of American forces involved in defending South Korea. Money was no object.
Another feature of Japanese society is its insularity combined with a strong contradictory determination to excel at many things well outside its cultural comfort zone. For example, high achieving American style school student marching bands "optional clubs", like "Kyoto Tachibana May 8 2022" are hugely popular national institutions.

[Sam-zgvc]

Awesome session as always.. and as Saurabh said, the situation in Benguluru and Pune in IT is exactly as he mentioned.. we struggle to get people. Jobs are plenty people are less.

[pritigupta]

It's not the question of whether India will be able to pull off, the present ecosystem has been built up over past few years that is highly likely that it will.

[soudipsanyal]

Salaries in Indians IT sector has doubled, somewhere it has even tripled in just last 2 years. And still I am getting calls. IT sector salaries have gone up so much in recent years that I know folks who are rejecting onsite opportunities. If you are 10-12 years experienced, you can easily earn 40-60LPA INR. 5 yrs experienced are earning 15-30LPA. Previously getting a 10Lpa job was an achievement in India.

[poushalinag]

Everything is ok, i agree but India population can only be a leverage if it is skilled. And currently, Indian youth population is not as skilled as Japanese or the western world. Mostly because of the gap in skill education in the colleges, and stigma of education in old or medium age.

[Bhushan]

The session was just wowww...
I hope policymakers take a note of this...

[kpmurali]

Abs fab discussion. I always read every comment /view SM makes in the media

[ashokkumardas]

Saurabh is a genius! Brilliant interview!!!

[sashiyoutube]

Dear Yp Rajesh and Saurabh thank you for a very insightful discussion. I learnt a number of hitherto unknown facts about India’s economy. Well done !

[suhitanand]

This is the best interview of Saurabh mukherjee. The interviewer is awesome.

[nikhilpandey]

Started freelancing and found my market in the middle east. Great pay and scalable. Don’t think I’ll ever need a corporate job anymore. 26 M in Data Science.

[Punch]

The Indian tech industry got a boost due to the Y2|K bug. Companies like Infosys were hired to check all the mainframe coding to ensure computers did not crash on Jan 1 2000. |from there they were hired to tech jobs at lower cost by the west. Also the Govt did not interfere with IT as they did not understand it. The rest is history as IT has moved up the value chain

[RajivJainBangalore]

insightful, amazing, thoughtful as always with saurabh

[rishabbhattacharyyathecode]

With regards to what's the situation in Bangalore, I am a software developer working one full time and 2 part time job and getting paid like never have been paid. Have a 3 year experience but earning same salary of 8 year experience. Specially the software developer market is booming like hell.