Multiple Musings

We Are Living In A Fascinating Time

A 'feel-good' kind of news reached my inbox this morning. An Economist Intelligence Unit report states that the global economy is going to grow at 4.9% this year. That will be the highest in the last twenty years. The US economy is expected to grow at the same pace, a tough act for such a large and developed economy and so will Japan, after all most 14 years. The last year saw an unprecedented optimism in the Indian economy. The last quarter the economy grew by 8.4%. All this comes after the gloomy years since 2000 and this was the largest quaterly growth since the 1980s. Now this optimism will be shared by the entire world.
We are living in a fascinating period and it throws up immense possibilities not just for the economy but for us, young professionals. We (age bracket of 19-25) now make 45% of the nation's population. Its a young nation and while professionally it means more competition, it also means that we are part of a new nation, we can rebuild our nation's future.
Its the budget day, and while there are plenty of doomsday sayers, pointing at the presence of the Left in the government, I trust Chidambaram and Manmohan Singh will deliver and go forward with the reforms. Its going to be a unique day the newsroom at The Economic Times. Good amount of planning has gone into the budget issue. We will be doubling the number of pages as well as the number of copies we will sell tomorrow. The editor sent in a letter saying that there is absolutely no scope for any mistakes (as if for the editions he expects us to leave some opportunities for making mistakes). The ET team will be getting two or three hours to analyze and interpret Chidambaram's speech and a small mistake in interpretation and analysis can be disastrous for a company or for an entire sector.
The nation looks up to ET and its going to be a fascinating day at work too.