BRICS Business Magazine English Edition No.4(15)

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Sometimes, if a discussion calls for it, I’ll show my companions a short video of Bollywood star and TV presenter Amitabh Bachchan. His baritone voice is recognizable to over a billion people, and so his words are chosen meticulously. His subject is the two Indias. One India is straining at the leash. The other India is the leash. One India asks to be given a chance to prove itself. The other India says that you must prove yourself first, and then you’ll have the chance. One India lives in the optimism of our hearts, while the other lurks in the skepticism of our minds. One India leads, while the other is only capable of following.

Dramatic? Absolutely. In fact, Bachchan goes on to say that while the world isn’t looking, a new and dynamic India is being born, and more and more people are coming over to her side. The message is clear, and we should not shy away from excessive pathos. India is an astonishing country, which in just a few decades, has dragged itself out from a state of complete disarray to become one of the fastest growing economies in the world. What is required to continue this advance? Faith and optimism. Some may say this is a naive statement, but in my experience, it is your attitude and integrity that make or break complex and long-term projects.

It’s unlikely that you can set goals, make plans, and implement them, over a period of 15 to 20 years if you are full of skepticism and pessimism. I am not a theoretician or a social psychologist, but a practical person, and I am absolutely convinced of the necessity of thinking positively. Otherwise, there is no point engaging in business, government work or charity. This is equally true for the new India, as it is for Russia, Brazil, and many other countries. Whether the video inspires you or not, it explains wonderfully the problems facing all developing and some developed economies – a deficit of optimism and a surplus of grumbling and complaints. And India, in the meantime, as Amitabh Bachchan reminds us, is changing from a country that once boycotted foreign-made goods into a country that now buys the companies that make these products.

Authors & Experts

Hernando de Soto
Hernando de Soto

President of the Institute of Liberty and Democracy; author of The Mystery of Capital

Robert J. Shiller
Robert J. Shiller

Professor of Economics at Yale University; co-creator of the Case-Shiller Index of US house prices; 2013 Nobel Laureate in economics

Moha Ennaji
Moha Ennaji

President of the South North Center for Intercultural Dialogue and Migration Studies in Morocco; president of Cultural Studies at Fez University

Kemal Dervis
Kemal Dervis

Former minister of Economic Affairs of Turkey; former administrator for the United Nations Development Program (UNDP); vice president at the Brookings Institution

Zia Qureshi
Zia Qureshi

Former director of development economics at the World Bank; non-resident senior fellow at the Brookings Institution

Olga Lemeshko
Olga Lemeshko

Research associate at the Institute for Emerging Market Studies (IEMS), Moscow School of Management SKOLKOVO

Ekaterina Molchanova
Ekaterina Molchanova

Project leader at the Institute for Emerging Market Studies (IEMS), Moscow School of Management SKOLKOVO

Viktor Kladov
Viktor Kladov

Director for international cooperation and regional policy at Rostec

Alexander Mikheyev
Alexander Mikheyev

General director of JSC Russian Helicopters

Achyuta Ghosch
Achyuta Ghosch

Head of research at NASSCOM

Leonid Boguslavsky
Leonid Boguslavsky

Chairman of ru-Net’s Board of Directors; one the richest businessmen in Russia

Semen Davydov
Semen Davydov

Managing partner at Sevimura Capital

Onkar Kanwar
Onkar Kanwar

Chairman of Apollo Tyres Ltd.; chairman of BRICS Business Council (India Chapter)

Simon Anholt
Simon Anholt

Independent policy advisor on strategies; author of the Nation Brands Index; winner of the 2009 Nobels Colloquia Prize for Leadership on Business and Economic Thinking

Jonathan Batty
Jonathan Batty

External relations leader of IBM Watson Internet of Things at IBM

Adam Greenfield
Adam Greenfield

Founder and managing director of Urban Scale

Anton Emelianov
Anton Emelianov

CEO of Unified Electronic Trading Platform (UETP)

Branko Milanovic
Branko Milanovic

Visiting presidential professor at City University of New York Graduate Center; former lead economist in the World Bank’s research department

Kundapur Vaman Kamath
Kundapur Vaman Kamath

Chief of the New Development Bank of BRICS countries

Keith Townsend
Keith Townsend

Head of International Paper Russia

Oleg Remyga
Oleg Remyga

Head of China Studies, SKOLKOVO Institute for Emerging Market Studies

Andrei Bystritsky
Andrei Bystritsky

Chairman of the Development and Support Fund of Valdai

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