Nitin Birla

Sustainable performance, look beyond the windows

[Nitin Birla @nitinbirla_8]

@AshwiniVaishnaw Thankyou Railways for making the journey wonderful in Tejas Express..!!

[Nitin Birla @nitinbirla_8]

@ManojSharmaIPS Sir a courageous journey. "Evening Self-talk (mic-off)" was key to personality growth. I practice this myself and share it with my students. I request for your support in promoting personality growth in village schools. With Regards https://t.co/tAMKSgwP9V

[Nitin Birla @nitinbirla_8]

Indian COMPANY Global BRAND

https://t.co/IUI7qOQ6Vx

[Nitin Birla @nitinbirla_8]

2024 be the year of ONE TEAM https://t.co/6iuvENSMHl

[Balaji @balajis]

INVESTING IN INDIA IS IMPROVING INDIA

If you see a startup growing, does that mean it doesn't have any flaws? That it's the best in the world? That you're going to use it for everything right away?

No, of course not. But you might start using it, and putting money into it, and talking about it to your friends. And that's how I think about India — an ancient civilization that's simultaneously like a startup country, as you can see from the graph below.

That's why I'm investing in India and Indians: because I see the growth potential, because it helps build up Bharat, and because a strong and self-sufficient India is good for the world. Now, let me address a few common arguments.

1) Civilizational Reincarnation. First, note that I used the phrase "ancient civilization" above. Of course I'm well aware that the Indus Valley civilization is one of the oldest in human history. But India is still analogous to a tech startup, because the country experienced a civilizational rebirth in 1991 after liberalization, just as China did in 1978. Whenever we use the term "leapfrogging" we acknowledge this. Why could India jump straight over landlines straight to mobile, or from cash to UPI? Because it was reborn recently, after centuries of colonialism and occupation. And reincarnation is something we are familiar with.

2) Underdog Millionaire. Second, observing that something is improving doesn't mean saying that it's already number one. In fact, one of the most important things about India is that Indians think of themselves as underdogs. Not starving "slumdogs" like the regrettable epithet, nor overconfident overdogs, but underrated underdogs — with a chance to win but certainly no guarantee.

That's the message of movies like Super 30 (https://t.co/N6U5UfNZ2H), which couldn't be more different than Black Mirror. Indians know they aren't #1, or even #2, because they aren't. But the diaspora helps show that Indians can be world class, and that India itself could become world class, which is part of why India is now rising to the occasion.

3) Decentralized Diaspora. Third, that brings us to one of India's greatest strengths: its diaspora. In this century China may end up playing the world's best home game, but India is on track to play the world's best away game. So India's development will look different than China's.

For one thing, Indians are willing and able to move anywhere. Westerners mostly aren't willing to move, because they still think their societies are the only places that are "First World". And the Chinese increasingly aren't able to move, because they're restricted from any countries where the Chinese state lacks hard power.

That leaves Indians to fill the gap. As Chinese emigration drops off, Indian emigration picks up to fill the holes in tech talent. As individual Indians become wealthier, more are financially able to emigrate. And as India as a whole becomes stronger, the passport improves, and more people are diplomatically able to emigrate. All this means the age of Indian emigration is just beginning. If China is the centralized state, India is the decentralized diaspora.

4) Special Economic Zones. Putting that all together, that means (a) India is reborn, (b) Indians know they are rising-yet-underdogs, and (c) Indian development is going to be quite different from Chinese development, with much more focus on the diaspora.

So, that's one of the reasons I think so much about special economic zones. Indians thrived in Dubai and Delaware, in Singapore and the Anglosphere — once they got out into a different economic system. And they're now starting to thrive in India itself — once India itself changed its economic system in 1991.

So, it's all about changes to the economic system. And with every investment we make in India or Indians, we build up a feature list of things to change.

Because there are a series of conceptually simple things India can do to be as good a place to do business as Dubai or Singapore. For example, you need to be able to send money into and out of the country for investment without hassle. You need to get a better passport so Indians can attend conferences. You need to rank higher on the economic freedom index (https://t.co/bRMsIKRX6P). And so on.

At India's current rate of improvement, I think much of that will eventually be possible in a place like GIFT City, as a kind of special economic zone, even if not for all of India at once.

Put another way: India's internet connectivity, digital payments, and basic infrastructure has dramatically and visibly improved in the last 10 years. But while it's improving, it doesn't yet have certain "power user" features for international business that Singapore, Dubai, and Delaware do.

Once it does, it'll get even more of my business — and more importantly the world's. But it's already investable, and improving — which is why I'm writing about India, putting money into Indians, and regularly meeting founders on the ground.

5) Investor, not cheerleader. In summary, that's what the quoted tweet gets wrong.

It's not about being a "cheerleader" who has to "stay" in a place to invest in it — imagine if every business had to be funded solely by neighbors down the street.

Instead, it's about being an international investor looking for the best talent around the world — and finding quite a lot of it in India.

Maybe I'll find one of you at the next meetup!

[Nitin Birla @nitinbirla_8]

https://t.co/T8AniAOGdK

[anand mahindra @anandmahindra]

At the Reserve Bank’s board meeting today I learned about the @RBI digital currency-the e-rupee. Right after the meeting I visited Bachche Lal Sahani, a nearby fruit vendor who is one of the first merchants to accept it. #DigitalIndia in action! (Got great pomegranates as well!)

[Sonam Wangchuk @Wangchuk66]

SIRF HANGAMA KHADA KARNA MERA MAKSAD NAHI
MERI KOSHISH HAI KI YEH HALAT BADALNI CHAHIYE !
Want to thank u all for ur support. It was only to save others from similar experiences.
After calls & assurances, I'll be removing this soon
Thank you @GoFirstairways
@BcasHq
@MoCA_GoI

[Nitin Birla @nitinbirla_8]

@airindiain @JM_Scindia @DGCAIndia @airindiain AIRINDIA PLEASE provide me with confirm date of refund as this matter is 8 months overdue. AIRINDIA to sensibly understand the pain of a customer who is making hundreds of request and follow-ups for REFUND. @JM_Scindia @DGCAIndia

[Nitin Birla @nitinbirla_8]

Air India flight was booked on 15.03.2022 Kuwait-Delhi-Kuwait e-ticket H7W96 for 28.04.2022 & 06.05.2022. Flight canceled by Air India on 25.03.2022 for operational reasons.Ticket Cost KWD 248.700. REFUND NOT RECEIVED Customer Care contacted & Email sent MANYTIMES @airindiain

[Nitin Birla @nitinbirla_8]

@airindiain AIRINDIA DM "Dear Mr. Birla, the refund has been initiated for the ticket 0982126358466 and ARN number already shared. However the ticket 0982126358467 is not refunded yet. Let us forward your details to our concerned team to expedite your refund request."@JM_Scindia @DGCAIndia

[Nitin Birla @nitinbirla_8]

@airindiain @JM_Scindia @DGCAIndia

[Nitin Birla @nitinbirla_8]

@airindiain @JM_Scindia @DGCAIndia @airindiain

[Nitin Birla @nitinbirla_8]

@airindiain @JM_Scindia @DGCAIndia Any updates

[Nitin Birla @nitinbirla_8]

@airindiain @JM_Scindia @DGCAIndia Sharing 1st Twitter transmission 5 Sep 2022 @airindiain clearly describing customer has not received a REFUND even after 5 months of emails and calls since March 2022. Now after 8 months still half refund balance 124.350KWD. Please let me know when????????

[Nitin Birla @nitinbirla_8]

@airindiain One final date when the refund will be in my account and 8 months story of awaiting a refund will be closed.@JM_Scindia @RNTata2000 @DGCAIndia @dr_harpreet

[Nitin Birla @nitinbirla_8]

@airindiain Refer to my tweet on 26 Oct 2022, which clearly states part receipt with supporting document resend of 5 Sep 2022. Which has been agreed by you. And on 12 Nov 2022, u again promised to pay within 7 to 10 days. The payment of 124.350 KWD is still balance. @JM_Scindia

[Nitin Birla @nitinbirla_8]

@airindiain One final date when the refund will be in my account and 8 months story of awaiting a refund will be closed. @JM_Scindia

[Nitin Birla @nitinbirla_8]

@airindiain Refund not received @ds_harpreet

[Nitin Birla @nitinbirla_8]

@airindiain Refund not received even after 8 months @airindiain @de_harpreet