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Ahsaas Channa chats about all things Bollywood, fashion and denim with her mother, veteran actor Kulbir Badesron on this special episode of Limitless. They talk about iconic Bollywood looks from Amitabh Bachchan’s denim-on-denim look in Deewar to Kareena Kapoor’s kurti and jeans combo in Jab We Met. The mother and daughter duo also bond over borrowing each other’s clothes, timeless fashion and who wore what better. Shop the look here: www.westside.com Follow Westside here: https://www.instagram.com/westsidestores CREDITS: Host: Ahsaas Channa Guest: Kulbir Badesron, Pranay Jaitly, founder of Who Wore What When Executive Producer: Umashan Naidoo Creative Director: Liana Deboo Created by Westside This is a Maed in India production. Head of Production: Mae Mariyam Thomas Project Manager: Shaun Fanthome Head of Audio Production: Kartik Kulkarni Sound Editor & Mix Engineer: Lakshman Parsuram, Nihar Temkar Senior Producer: Ruchi Sawardekar Junior Producer: Quoyina Ghosh Editorial Assistance: Meghna Gulati Production Coordinator: Natasha Vakil Director & Video Editor: Jishnu Guha Assistant DOP: Ihjaz Aziz Recorded at Stage 25 and Westside, Infiniti Mall, Malad, Mumbai
In this video, Pranay explains the secret of Maruti's success story. How Maruti, a government-owned company, created history in India's automobile sector. Was it because the government adopted a protectionist approach and kept foreign players out of the market? Or it did exactly opposite of this? Listen to this short explainer video based on insights from Montek Singh Ahluwalia's book – Backstage, the story behind India's high growth years. And understand what lessons we can learn from the Maruti story to create a developed Bharat.Thanks for reading पुलियाबाज़ी Puliyabaazi! This post is public so feel free to share it.Read more on this:Related Videos:Do listen to our previous episode with Montek Singh Ahluwalia to know more about the story of India's economic reforms.Thanks for reading पुलियाबाज़ी Puliyabaazi! Subscribe for free to receive new posts and support my work. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit www.puliyabaazi.in
In this episode of Zero to Infinity, Avnish, Vikram and Pranay dive into the latest trends shaping the future of AI and enterprise software. From the evolution of enterprise solutions to India's growing influence in the global AI landscape, this discussion unpacks the future of technology and its impact on businesses.
"If you are an AI founder, buy a .com domain and not .ai domain" says Pranay Desai (MD, Z47) as CIOs often restrict access to most .ai domains within their organisational networks. In conversation with Ashwin Pandian, Pranay addresses the facets of AI in SaaS, talking about various dimensions of the trade and shares insightful nuggets on the subject: He engages with key topics, including: ▶️ The shift in role of CIOs - from enabling businesses and creativity to protecting them. ▶️ The future being consolidated stacks instead of point solutions, as clients are sceptical about giving away their data. ▶️ The founder's conundrum: to ship fast, or take time and build a full stack. ▶️ Focus on distribution innovation to win in a mature product market. ▶️ A good AI business could be measured on the basis of product usage, repeat usage, revenue, and talkability. ▶️ Founders building in large markets need not build their own models, unlike players in smaller markets Globally, we are on the verge of a complete overhaul of the software stack, and India is positioned to capture a significant share of this emerging landscape due to its strong capabilities in data curation and labelling. Tune into the full podcast if you are a founder interested in AI in SaaS and want to know about the markets to consider.
August 2024 was an eventful month for the global social media landscape. Pavel Durov, CEO of the popular Telegram platform was arrested in France. In the same month, Musk's X was banned in Brazil after a months-long confrontation with the Supreme Court. While autocratic states have had a history of banning social media platforms or arresting tech moguls, liberal democracies have been reluctant to take such drastic steps so far. Even India, which has had difficulty with WhatsApp and X has not taken such drastic steps yet. In this episode of All Things Policy, Pranay and Lokendra discuss the recent churn in the global social media landscape. They unpack the deeper shifts that these developments reflect and weigh in on some fundamental questions about platform liabilities, application of jurisdictional laws to platforms and striking the right balance between free speech concerns and third-party liability requirements. They also discuss these issues in the Indian context. All Things Policy is a daily podcast on public policy brought to you by the Takshashila Institution, Bengaluru. Find out more on our research and other work here: https://takshashila.org.in/ Check out our public policy courses here: https://school.takshashila.org.in
हालिया बजट के बाद कई राज्य सरकारें आंध्र प्रदेश और बिहार राज्य को दिए जा रहे स्पेशल पैकेज के बारे में शिकायत करते हुए पाई गई। पर इससे बड़ा मुद्दा है केंद्र सरकार और राज्यों के बीच वित्तीय वितरण का। 62% राजस्व केंद्र सरकार द्वारा एकत्र किया जाता है जब कि राज्य सरकारें 62% खर्चे के लिए जिम्मेदार हैं। यह राजकोषीय असंतुलन राज्यों की अपनी जिम्मेदारियों को पूरा करने की क्षमता को सीमित करता है। आज की पुलियाबाज़ी पर इसे मुद्दे पर प्रणय अपने कुछ सुझाव साझा करते हैं। We often find state governments squibbling about revenue distribution amongst the Indian states, however the core of this issue lies in the vertical devolution of funds. A significant mismatch exists: while 62% of revenue is collected by the union government, the state governments are responsible for 62% of the expenditure. This fiscal imbalance limits the states' ability to meet its spending responsibilities. To address this, Pranay proposes an algorithmic approach to resolve this complex issue. Notes from Pranay:We discuss:* Vertical devolution is the key challenge* Share of Cess and surcharge is increasing* Ideas to reduce the fiscal imbalance* Central schemes* Non-tax revenue* What is the root cause of this imbalance?* HomeworkReadings:Let the Fiscal Federalism Games Begin by Pranay KotasthaneFifteenth Finance Commission Reports for 2021-2026Related Puliyabaazi:सोलहवे वित्त आयोग के लिए तीन सुझाव। 3 Ideas for the 16th Finance Commissionहमारी शहरी सरकारें इतनी कमजोर क्यों है? The state of India's Municipal FinancesIf you have any questions for the guest or feedback for us, please comment here or write to us at puliyabaazi@gmail.com. If you like our work, please subscribe and share this Puliyabaazi with your friends, family and colleagues.substack: Website: https://puliyabaazi.inHosts: @saurabhchandra @pranaykotas @thescribblebeeTwitter: @puliyabaazi Instagram: https://www.instagram.com/puliyabaazi/Subscribe & listen to the podcast on iTunes, Google Podcasts, Castbox, AudioBoom, YouTube, Spotify or any other podcast app. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit www.puliyabaazi.in
पेरिस ओलंपिक्स के नजदीक आने के साथ ही भारत में कई खेल प्रेमी सोच रहे होंगे: भारत ओलंपिक की मेजबानी कब करेगा? लेकिन अगर कोई खेल प्रेमी पुलियाबाज़ी का श्रोता है, तो वह सबसे पहले यह सवाल पूछेगा: क्या भारत को ओलंपिक की मेजबानी करनी चाहिए? क्या इस तरह के आयोजन से भारत में खेल को बढ़ावा मिलेगा या यह हमारे सीमित संसाधनों की बर्बादी होगी? क्या कोई और विकल्प है जो भारत में खेल प्रशासन को सुधार सकता है? प्रणय के पास ऐसे ही कुछ वैकल्पिक प्रस्ताव हैं जिन पर हमने पुलियाबाज़ी की। आप भी सुनिए और इन विचारों पर अपनी टिप्पणियां हमें भेजिए। As Paris 2024 is just around the corner, many sports enthusiasts in India may be wondering: When will India host the Olympics? But if the sports enthusiast happens to be a Puliyabaazi listener, they are likely to first ask: Should India host the Olympics? Will the sports ecosystem in India get a boost by such an event or will it be a wastage of our already limited resources? Are there any alternatives that can rejig the sports governance in India? Well, Pranay has a few heretical ideas to present on this Puliyabaazi. So hit that play button and get listening!We discuss:00:00 Introduction02:30 Should India host the Olympics?06:00 The Olympics is like a PLI scheme13:15 An impact on culture17:19 Ideas for improving sports governance20:40 The pyramid of sports governance30:40 Breaking the monopoly of sports bodies40:45 Sports beyond boundariesReadings:Boundary Lab: Inside the Global Experiment Called Sport by Nandan KamathAnticipating the Unintended #262: Heretical Ideas in Sports Governance by Pranay KotasthaneRelated Puliyabaazi:रन-नीति : क्रिकेट में डेटा क्रांति. Cricket and Data Science.If you have any questions for the guest or feedback for us, please comment here or write to us at puliyabaazi@gmail.com. If you like our work, please subscribe and share this Puliyabaazi with your friends, family and colleagues.Website: https://puliyabaazi.inHosts: @saurabhchandra @pranaykotas @thescribblebeeTwitter: @puliyabaazi Instagram: https://www.instagram.com/puliyabaazi/Subscribe & listen to the podcast on iTunes, Google Podcasts, Castbox, AudioBoom, YouTube, Spotify or any other podcast app. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit www.puliyabaazi.in
The Indian Internet Pioneer Starting Up AGAIN in AI Sharad Sanghi is a pioneer of internet in India: from the early days of VSNL to rapid cloud adoption, when it comes to internet infrastructure, he's seen it all. He founded among India's earliest IT infra startups, NetMagic in 1998. In 2012, the IT Services company was acquired by NTT, where Sharad also served as CEO. Sharad Sanghi was an early partner to many Indian startups, and the NetMagic story is required reading in the evolution of the internet in India. In 2022, Sharad & longtime NTT tech leader Anindya Das started Neysa Networks - spotting the opportunity in AI Cloud infrastructure early. Co-founded by experienced founders with deep domain expertise, Neysa is solving to democratise AI for enterprises, offering a suite of Generative AI platforms and services. Neysa's AI Cloud products help clients discover, plan, deploy, and manage their Generative AI projects cost-effectively, and secure their AI landscapes in the cloud and at the edge in a consumption-based model. Earlier this year, Matrix Partners AKA G47 led the investment in Neysa Network's $20mn seed round. On this special episode of Matrix Moments, AI SaaS investor Pranay Desai is joined by Avnish Bajaj, to talk to the Neysa leadership, Sharad Sanghi, Founder & CEO, and Anindya Das, Co-founder & CTO. From evaluating the hype around artificial intelligence to discussing the future of Indian AI startups, they break down the AI landscape in India. This one is unmissable, and covers:
“Not just wealth… I think experience is all about compounding” Says Manisha Raisinghani, founder of SiftHub. After her stint as the CTPO at LogiNext, Manisha Raisinghani spent some time looking for the right problem to solve before starting up again. In her search, she found a sales enablement problem that could be solved through AI: enterprise sales teams have over 100 touch-points to tap into when collecting the data needed to make an effective sale. This sapped sales team effectiveness, since sales teams spent time doing non-sales tasks. This is the problem Manisha & the team at SiftHub are setting out to solve, with AI. In this episode of Matrix Moments, she explains how SiftHub stands apart in a crowded space. Ultimately, just because a sector is ‘crowded', doesn't mean it has run out of problems to be solved.
अक्सर हमारे नेता भारतीय शहरों को सिंगापुर जैसा बनाने का सपना रखते है। क्या है जो हमारे शहर सिंगापुर से सीख सकते हैं? इस हफ़्ते पुलियाबाज़ी पर सुनिए सिंगापुर यात्रा से प्रणय के अवलोकन। इस सफ़रनामा में बात खुले व्यापार से लेकर स्ट्रीट लाइट्स तक। सुनियेगा ज़रूर। Singapore is often seen as a model for development for Indian cities. This week, Pranay shares his observations from his recent visit to the city-state of Singapore. We discuss:* Should we make our cities as union territory?* 100 Singapores in India* Can Indian cities learn from Singapore?* Kids travelling alone* Churn in city centre* Administrative outlook* Import dependence and free trade* Energy intense economy* Smart DiplomacyPranay's travelogue:https://publicpolicy.substack.com/i/144748014/global-policy-watch-a-singapore-summerListen to related Puliyabaazi:सफ़रनामा: अमरीका से थाईलैंड से केन्या तक। Travelogue from US, Thailand, Kenyaअमरीकी मैन्युफैक्चरिंग जगत का सफ़रनामा। US Travelogue - Trade Exhibitions, Saving Art, and Unisex ToiletsIf you have any questions for the guest or feedback for us, please comment here or write to us at puliyabaazi@gmail.com. If you like our work, please subscribe and share this Puliyabaazi with your friends, family and colleagues.substack: Website: https://puliyabaazi.inHosts: @saurabhchandra @pranaykotas @thescribblebeeTwitter: @puliyabaazi Instagram: https://www.instagram.com/puliyabaazi/Subscribe & listen to the podcast on iTunes, Google Podcasts, Castbox, AudioBoom, YouTube, Spotify or any other podcast app. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit www.puliyabaazi.in
Many are not familiar with what led up to the Kingdom of Hyderabad being annexed by India in 1948. A riveting watch for all to know the truth about Razakar #Razakar #Movie #moviereview #movies
इस हफ़्ते पुलियाबाज़ी पर हमारे दो बेंगलुरु निवासी होस्ट ‘कारे मेघा, कारे मेघा' का आलाप लगाते पाए गए। पानी कब बरसेगा ये तो पता नहीं, पर इस पानी की समस्या में छिपे कुछ पब्लिक पॉलिसी के पाठ प्रणय ने ख़ोज निकाले। जब किसी संसाधन की कमी हो तो उसकी सही कीमत लगाने से उसका सही उपयोग निश्चित किया जा सकता है, ये तो पुलियाबाज़ी के श्रोता जानते ही होंगे। आज की पुलियाबाज़ी में नज़र दौड़ाते हैं बेंगलुरु में मिल रहे पानी की सही कीमत और उसे कौन चुकाता है इसके बारे में भी। इसी साथ पब्लिक पॉलिसी समझने के एक फ्रेमवर्क विकसैलियन कनेक्शन को भी समझ लेते हैं। As the graph below shows, the silicon valley of India is experiencing a heat wave. This is going to exacerbate the ongoing water crisis. While many find the solution in drawing more from Kaveri, Pranay analyses the issue through the framework of Wicksellian Connection—a public policy framework that looks for an overlap between the three aspects of utilising a scarce resource. Who decides? Who gets the benefit? Who pays for it? How does Bengaluru's water supply fare when tested on this framework? What are the consequences of such a Wicksellian Disconnection and how can it be resolved? This and more on today's Puliyabaazi.We discuss:* A public policy view to water crisis* A Wicksellian Disconnection* Subsidising the elite* Water usage in Singapore* Solution based on this framework* Where to apply this framework?Readings:India Policy Watch #1: A Wicksellian Disconnection by Pranay KotasthaneWell Labs Bengaluru Urban Water Balance ReportBangalore Water Crisis: Marginal pricing of water, subsidies to poor may curb water woes by Anupam ManurListen to related Puliyabaazi:भारत: एक भूजल सभ्यता। India: A Groundwater Civilisation.कावेरी जल विवाद को कैसे सुलझाएं? Resolving the Kaveri water disputeIf you have any questions or feedback for us, please comment here or write to us at puliyabaazi@gmail.com. If you like our work, please subscribe and share this Puliyabaazi with your friends, family and colleagues.Website: https://puliyabaazi.inHosts: @saurabhchandra @pranaykotas @thescribblebeeTwitter: @puliyabaazi Instagram: https://www.instagram.com/puliyabaazi/Subscribe & listen to the podcast on iTunes, Google Podcasts, Castbox, AudioBoom, YouTube, Spotify or any other podcast app. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit www.puliyabaazi.in
Today my guest is Pranay Kotasthane who is the deputy director of the Takshashila Institution and chairs the High Tech Geopolitics Programme. Pranay co-writes Anticipating the Unintended, a newsletter on public policy ideas and frameworks, and co-hosts Puliyabaazi, a popular Hindi-Urdu podcast on politics, policy, and technology. He is the co-author of - Missing in Action: Why Should You Care About Public Policy, and the graphic nonfiction narrative We, the Citizens. He has co-edited India's Marathon: Reshaping the Post-Pandemic World Order. Today we are discussing his most recent book, When the Chips Are Down, coauthored with Abhiram Manchi. We spoke the evolution of the semiconductor industry, industrial targeting, Moore's law, Rock's law, Taiwan's Comparative advantage, whether India can lead in semiconductor chips and more. Recorded March 12th, 2024. Read a full transcript enhanced with helpful links. Timestamps (00:00:00) - Intro (00:08:35) - Moore's Law (00:14:08) - Rock's Law (00:21:41) - Geopolitics of the Semiconducter Industry (00:27:46) - Metacritical Technologies (00:38:49) - Geographical Concentration (00:48:34) - Zelenograd (00:59:44) - Unease of doing Business in India (01:09:45) - Industrial Targeting in Taiwan (01:30:57) - Outro Connect with Ideas of India Follow us on X Follow Shruti on X Follow Pranay on X Click here for the latest Ideas of India episodes sent straight to your inbox.
हाल ही में केंद्र सरकार द्वारा बिठाई गयी उच्च स्तरीय समिति ने भारत में समकालिक चुनाव पर अपनी रिपोर्ट पेश की। सरकार एक देश एक चुनाव को लेकर काफ़ी संजीदा है। तो क्या है इस समिति के सुझाव? क्या इनसे समस्या सुलझेगी या और उलझेगी? इसी बात पर सुनिए आज की पुलियाबाज़ी। This week on Puliyabaazi, we discuss the High Level Committee Report on simultaneous elections in India that has been released recently. What are its recommendations? What are the unintended consequences of such a drastic change to our election system? We discuss:* Disruptions due to Model Code of Conduct* Should uncertainty associated with elections be reduced?* Will this weaken federalism?* Will this undermine local issues?For your reading:High Level Committee Report [link]Pranay's newsletter on One Nation One Election [link]:Listen to related Puliyabaazi:एक सवाल, कई जवाब: एक देश-एक चुनाव के बारे में कैसे सोचा जाए? How to think about One Nation-One Election?स्वतंत्र भारत में मतदान की कहानियाँ. How India Conducts Elections.If you have any questions for the guest or feedback for us, please comment here or write to us at puliyabaazi@gmail.com. If you like our work, please subscribe and share this Puliyabaazi with your friends, family and colleagues.Website: https://puliyabaazi.inHosts: @puliyabaazi @saurabhchandra @pranaykotas @thescribblebeePuliyabaazi is on these platforms: Twitter, InstagramSubscribe & listen to the podcast on iTunes, Google Podcasts, Castbox, AudioBoom, YouTube, Spotify or any other podcast app. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit puliyabaazi.substack.com
कहते है न कि पब्लिक पॉलिसी में अक्सर पब्लिक ही गायब रहती है। इसलिए हमारी कोशिश रहती है कि किसी तरह लोगों की लोकनीति में रुचि बढ़ाई जाए । पुलियाबाज़ी भी उसी दिशा में एक कदम है। अब इस श्रृंखला में एक और कड़ी जुड़ चुकी है—ख्याति, प्रणय और अनुपम की नयी किताब ‘We, the Citizens' जो लोकनीति के मुश्किल पाठ चित्रों के द्वारा आसान भाषा में सीखाने की कोशिश करती है। आज की पुलियाबाज़ी इसी किताब और उसके पीछे की कहानी पर। This week on Puliyabaazi, Khyati and Pranay share the story behind their new book ‘We, the Citizens'. What was the idea behind the book? What was the process to bring it to life? Also, Khyati shares her journey as a comic illustrator, from drawing short comics for introverts to a fully illustrated 180-pager on public policy.[Book] We, the Citizens: Strengthening the Indian RepublicKhyati's Tech-stack for creating comics:Drawing Tablet: Huion Kamvas 13, Software: Sketchbook, Layout: Adobe Indesign***** more Puliyabaazi related to comics and animation ****** सिंधु घाटी सभ्यता की परिचित-अपरिचित बातें। The People of the Indus ft. Nikhil Gulatihttps://puliyabaazi.substack.com/p/the-people-of-the-indus-ft-nikhil-6ea* कॉमिक्स और एनिमेशन ख़ालिस देसी अंदाज़ में। Comics and Animation in India ft. Sumit Kumarhttps://puliyabaazi.substack.com/p/comics-and-animation-in-india-ft-b01Write to us at puliyabaazi@gmail.com Hosts(Twitter handle): @saurabhchandra @pranaykotas @thescribblebeePuliyabaazi is on these platforms:Twitter: @puliyabaazi Instagram: https://www.instagram.com/puliyabaazi/Subscribe & listen to the podcast on iTunes, Google Podcasts, Castbox, AudioBoom, YouTube, Spotify or any other podcast app. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit puliyabaazi.substack.com
This week on The Business of Open Source I spoke with Pranay Prateek, co-founder of SigNoz. Pranay talked about why open source is important to SigNoz's business, why it's super important to deliver value quickly, even for an observability product, and why founders shouldn't think of open source just as a distribution model. We also covered: How SigNoz is differentiated in the crowded observability marketWhy Pranay thinks being open source makes it much easier for developers to play around with the project and get to know it; so for them it made intuitive sense that the company that they'd build an open source company Why Pranay also thinks open source enables much deeper integrations, which is critically important for an observability company like SigNozHow one of their first lessons / mistakes was releasing an open source project that didn't work well on an individual developer's laptop, because it used too much resourcesThe GTM market, and the challenge delivering value within 30 minutes of trying out the project/product for an observability tool that provides maximum value during an incident — but no one is going to be trying out a new tool during an incident situation Why their first commercial product was a cloud offeringAnd much more! And if you're interested in more discussions of open source businesses, make sure to join us at Open Source Founders Summit this May.
In this essay, Pranay Somayajula critically examines the anarchist movement's relationship to anticolonial politics. Drawing on a rich history of anticolonial movements, from the Kurds in Rojava to the Zapatistas in Chiapas, who have sought national liberation and self-determination without being confined by the nation-state, he argues for an anarchist politics of anticolonial solidarity rooted in a radical conception of nationhood without nationalism. Pranay Somayajula is an Indian-American writer, researcher, and cultural critic currently based in Washington, D.C. His writing has appeared in outlets including Jacobin, The Nation, and The Drift, as well as on his Substack blog, culture shock. He can be found on Twitter at @p_somayajula. Anarchist Essays is brought to you by Loughborough University's Anarchism Research Group and the journal Anarchist Studies. Follow us on Twitter @arglboro. Our music comes from Them'uns (featuring Yous'uns). Artwork by Sam G.
It seems like you cannot open a newspaper, listen to a foreign policy podcast, or open Twitter/X without somebody somewhere sounding off on the emerging geopolitical battle over semiconductors. Semiconductors, which we colloquially refer to as chips, have quickly moved from the periphery to center-stage of global high politics.To discuss this high-stakes race, and India's role in it, Milan is joined on the show this week by the scholar Pranay Kotasthane. Pranay is Chair of High-Tech Geopolitics at the Takshashila Institution in Bangalore and, with Abhiram Manchi, is the author of the new book, When the Chips Are Down: A Deep Dive into a Global Crisis.Pranay and Milan discuss the history of the technology, importance of semiconductors at the current geopolitical crossroads, and how the world will balance national security interests and with rapid technological change. Plus, the two discuss India's most recent attempt to build a semiconductor ecosystem and the policy missteps that bedeviled past efforts.Episode notes:1. “India's Tryst With Policymaking (with Pranay Kotasthane),” Grand Tamasha, January 25, 2023.2. Pranay Kotasthane and Raghu S. Jaitley, Missing In Action : Why You Should Care About Public Policy (New Delhi: Penguin India, 2023).3. Pranay Kotasthane, “Anticipating the Unintended,” weekly Substack newsletter.
इस हफ़्ते चर्चा भारत की व्यापार नीति पर। कैसे कुछ बड़ी कम्पनियों के फायदे के लिए लगाए जा रहे आयत कर से भारत की महिलाओं को रोज़गार देनेवाली टेक्सटाइल और अपैरल इंडस्ट्री को नुक्सान हो रहा है? This week on Puliyabaazi, we discuss how some flawed trade policies are hurting the Indian textile industry which employs a huge proportion of women. Join us on this Puliyabaazi and do let us know what you think about this topic. Check out: Pranay's Substack | PolicyWTF: How Pro-Business Protectionism Hurts Indian Women Reigniting the Manmade Clothing Sector in India | Working Paper by Abhishek Anand and Naveen Joseph Thomas Lerner Symmetry Theorem ***** related Puliyabaazi ***** भारत की Global Value Chains में हिस्सेदारी कैसे बढ़ाई जाए? Ft. Saon Ray आज़ादी की राह: स्वदेशी बनाम खुले व्यापार की १५० साल पुरानी बहस। Historical Debate on Swadeshi vs Free Trade ***************** Website: https://puliyabaazi.in Write to us at puliyabaazi@gmail.com Hosts: @saurabhchandra @pranaykotas @thescribblebee Puliyabaazi is on these platforms: Twitter: @puliyabaazi Instagram: https://www.instagram.com/puliyabaazi/ Subscribe & listen to the podcast on iTunes, Google Podcasts, Castbox, AudioBoom, YouTube, Spotify or any other podcast app.See omnystudio.com/listener for privacy information.
Prediction Time—RSJIn a year when countries as diverse as India, the United States, the United Kingdom, Russia, Taiwan, Pakistan and Palau go for their elections, it is tempting to go for an overarching theme for the year while looking ahead. Unfortunately, like these aforementioned elections and the many others that will see about 50 per cent of the human population exercise their democratic choice, there seems to be only a messy mix of political signals emerging from them. Illiberal forces are rising in some places, and autocrats are rubber-stamping their authority in others. Democracy is blooming afresh in a few, while the trends of deglobalisation and closed borders are resonating among others. Of course, there are the wars old and new and, maybe, a few more round the corner to complicate any attempt at a broad narrative for the world. To add to the woes of anyone trying to write a piece like this, the economic macros globally look volatile and inchoate. There is increasing talk of a soft landing of the US economy while the EU and the UK stare at another lost year. Depending on who you speak to, China has either put its economic issues behind it and is ready to charge back with its investment in future technologies like AI, EVs and hi-tech manufacturing, or it is at the “Japan moment” of the late 80s. Japan, on the other hand, is itself having a brief moment of revival, and no one knows if it will have legs or if it is yet another false dawn.It is foolhardy to purvey macro forecasts in this environment. But then this newsletter won't write itself. No? So, I guess the best course then is to make more specific predictions instead of taking big swings and hoping those come true while the macros swing wildly. This will also satisfy Pranay's pet peeve about generic predictions that I mentioned in the last newsletter. So, let me get going with 10 somewhat specific predictions for next year.* President Biden will decide sometime in early February that he cannot lead the Democratic Party to power in the 2024 elections. He will opt out of the race and give possibly the most well-backed Democrat, financially and otherwise, a really short window of four months to clinch the nomination. In a way, this will be the best option for his party. If he continued to run for the 2024 elections, it would have been apparent to many in the electorate that they are risking a President who won't last the full term. If he had opted out earlier, the long-drawn primary process would have led to intense infighting among the many factions of the party, eventually leading to fratricide or a Trump-like populist to emerge perhaps. A narrow window will allow the Party to back an establishment figure and reduce the fraternal bloodletting. Who will emerge from this is anyone's guess. But whoever it might be, if (and it is a big if) they have to come up against Trump, they will lose. To me, the only way Trump doesn't become the next President is if he isn't on the ballot. And the only way that looks possible is if he loses his legal battles. Otherwise, you will see a second Trump term which will be worse than the first one. * There's way too much confidence about the Fed having piloted a ‘safe landing' for the US economy despite the many odds that were stacked against it. I think this is fundamentally misplaced. The fiscal deficit is unsustainable, and much of the soft landing is thanks to it. The GDP growth has been supported by an almost doubling of the federal fiscal deficit. This won't last. The higher rates that haven't yet led to any real string of bankruptcies or asset bubble collapses will begin to make an impact. The geopolitical risks that have only been aggravated in the last 12 months and the increasing protectionism worldwide will make it difficult to sustain growth at 2023 levels. My view is that the real landing will be in 2024, and it won't be soft.* China will get more adventurous geopolitically as it weakens economically. Look, the property market crisis is real in China and given the influence it wields on its economy, it is difficult to see any return to the ‘normal' 8 per cent growth anytime soon. The local government finances will worsen, and there is a real possibility of a few of them defaulting. There will be more fiscal support to prop up the numbers and more packages for sectors in stress. Foreign inflow will continue to be anaemic, though it won't be negative, as it turned out late last year. The Chinese customers' long-awaited consumption spree isn't coming in 2024. All in all, China will stutter while still wowing the world with its progress in tech.* BJP will come back to power, but it will fall a bit short of 300 seats. This will surprise many, considering the continued electoral success of its machinery and all the Ram Mandir ballast it plans for itself from this month onwards. There are a couple of reasons for it, largely driven by electoral arithmetic across the states where it did very well in 2019 and where a repeat showing will be difficult. Also, the sense of complacency about winning it hands down will mean a letup in the door-to-door mobilisation model that it has perfected. All of this will mean a decline in 30-40 seats across the board. The new Modi cabinet will be a surprise with new Finance and Defence ministers and a whole host of new faces as it goes for a generational change in leadership.* The somewhat surprising trend of record US deficit going hand-in-hand with the relatively strong showing of the dollar in the past two years will eventually come to a face-off. And my guess is 2024 is when the dollar will blink. As other emerging economies start to trade in currencies other than dollars - who wants to risk more exposure to the dollar? - and its economy doesn't have a soft landing like I predict, US dollar will be hit. My guess is that 2024 will be the first year of a 3-4-year dollar down cycle. In the next year, I predict the dollar to fall by 10 per cent against most world currencies. This might not hold with India because we are a bit of a unique case. But a dollar slide looks inevitable to me.* I had predicted a more aggressive anti-trust stance and significant moves against Big Tech by the FTC. It didn't pan out. So, I will repeat the prediction. Lina Khan, the FTC Commissioner, has a nine-month window to go after them, after which it isn't certain she will continue to be in her post. I predict a big scalp during this time, which will then be legally challenged. But expect a tough couple of quarters as she and her team do their best to leave a mark for the future.* The Indian economy will continue its trend of surprising on the upside, though I think global headwinds will temper the overall growth. I expect a 6.5 per cent growth with the inflation at the 4.5 per cent mark through the year. The much-awaited capex cycle will not be broad-based and will show up in select sectors led by large Indian conglomerates or global platform players. I expect FII inflow to be among the lowest in many years in 2024, and much of the equity market will be buoyed by domestic fund inflow into the market. The Nifty will remain flat or be up 5 per cent because of global weakness and the relative overvaluation seen already.* The Israel-Hamas war will end faster than people think. Maybe by April. Not because there will be some solution agreed between the parties. There's nobody to fight any more in Giza. The Hezbollah won't get involved, and the Houthi insurgency will be a mere storm in the teacup. On the other hand, the Ukraine war will continue with no real end in sight during the year. A Trump (or Republican government) in 2025 will likely stop funding the war, and that will pressure Ukraine to negotiate with Putin. But that's for 2025.* Two specific corporate predictions: One, AI will continue to impress us with its capabilities without making a dent on real business. So expect to be surprised by a best seller written by an unknown author that will later revealed to be an AI-trained algorithm. Or a music album, even. There will be many conferences and papers, but AI's wider impact will still be distant in 2025. Two, I think Novo Nordisk will be well on its way to becoming the most valued company in the world in 2024. It might become the most valued in Europe during the year itself as it will struggle to produce enough of its weight loss drugs to keep up with demand.* I forecast one of two contentious pieces of legislation will come into play after the elections are over. We will see a real move on either the Uniform Civil Code or on one-nation one-election (ONOE) at the back end of the year. These are issues close to this government; they will get these going right after the elections.That's that, then. We will see how they go during the year.India Policy Watch: The Services vs Manufacturing DebateInsights on current policy issues in India— Pranay KotasthaneBreaking the Mould: Reimagining India's Economic Future, a book by economists Raghuram Rajan and Rohit Lamba, has started a much-needed discussion on India's future growth trajectory. The authors challenge the dominant narrative that India should imitate the manufacturing-led growth strategy followed by the East Asian countries. They instead point to India's comparative advantage in low-end and high-end services, making a case for a policy reprioritisation to double down on these strengths. The book argues that replicating China's manufacturing success is neither possible nor desirable. Not possible because manufacturing supply chains are shortening due to increased protectionism and higher rates of automation, making the conditions far more difficult than what China faced. Moreover, China hasn't gone away; it remains a formidable competitor in manufacturing. Replicating that success might not even be desirable, they contend, as the value added in a product's manufacturing stage is dwarfed by the value captured in the upstream R&D stage and the downstream services (branding, marketing, content production, etc.) stage. And hence, they are against the kind of subsidies on offer for electronics and chip manufacturing assembly. The Micron chip assembly plant is a particular thorn in their eye because it will cost Indians $2 billion and produce a mere 5000 direct jobs with no R&D spillover. They argue that services and Services for manufacturing are the sweet spot for India to focus on. The money splurged on manufacturing and assembly should be ploughed back into education and health, priming India's human capital for global success.In sharp contrast, international trade economist Devashish Mitra makes the case that low-end export-led manufacturing (such as in textile, apparel, and leather) is the only way out for India. In his book review for the Economic Times, Mitra writes:“India is a labour-abundant economy. This abundance is in low-skilled labour, given that almost 80% of its working-age population does not have even a higher secondary education, with only an eighth of the working-age population having studied beyond high school. While India adds 8-10 million people to its labour force annually, roughly 2 million are college-educated or beyond. There is also a wide variation in the quality of degree programmes across India, most of which cannot impart marketable skills. Thus, high-skilled workers are scarce.Standard international trade theory tells us that an economy abundant in low-skilled labour, when open to international trade, will specialise in low-skilled labour-intensive production activities, which are the ones in which such a country has its inherent comparative advantage. Furthermore, India's technology-driven comparative advantage is also expected to be in low-end manufacturing activities, as those would be the ones in which India's productivity disadvantage relative to advanced economies would be the least, for example, textiles, apparel and footwear. Thus, high-skill specialisation for India, as envisioned by Rajan and Lamba, would have to defy standard international trade theory.”Mitra also points out that the government should prioritise solving the unemployment problem, the only way around which is low-end manufacturing because IT and IT services have historically had comparatively low levels of employment growth.Reading these two perspectives over the past few days has been rewarding. This is precisely the debate that needs the attention of our policymaking elite. At this stage, I have three initial observations.One, the services vs manufacturing is a false binary. Both views are actually quite similar in their essence because they both advocate capitalising on India's comparative advantages. That advantage lies in high-end services such as chip design and in low-end manufacturing such as textiles and footwear. There is no need to choose just one of them. Success in both areas needs the same ingredients—eliminate self-defeating policies, improve skilling, pass trade-friendly reforms, and invest in health and education.Two, I feel the criticism of low-end chip and electronics assembly misses an important consideration. If chips are the building blocks of the Information Age, it makes sense for India to begin the journey at the lower end of the chip manufacturing supply chain and climb up that ladder over two decades or so. Jobs generated per rupee of money spent is not the only criterion that should motivate economic decision-making. For example, India's nuclear energy sector is not evaluated primarily on the number of jobs it creates. Similarly, the primary goal of building the intellectual and manufacturing capability for making chips is to reduce critical vulnerabilities in the future. India can pursue the twin goals of doubling down on comparative advantages and reducing vulnerabilities simultaneously. In any case, attracting a single 65-nanometre specialised fab (which would cost around ₹10,000 crores) doesn't come at the expense of a better university education system. India can do both. Third, the book brilliantly emphasises that the services sector needs a lot more policy focus. Trade economists propose that we are heading towards a future where manufacturing supply chains will become shorter (because of protectionism and China-related fears) while services supply chains will become longer (because of better technology). This implies that services as a percentage of global trade will only rise. When that happens, nation-states will start imposing trade barriers for services, too. So, the Indian government needs to champion trade frameworks that bring down services trade costs. An analogous case is that of the Information Technology Agreement (ITA) of the WTO. Signed in the nineties, the ITA substantially brought down tariffs on information technology goods and their intermediate products. This move immensely benefited multinational companies and consumers worldwide, including in India. Similarly, it's time for India to champion a Global Services Trade Agreement that lowers barriers that Indian service providers face in participating in global trade. It also becomes clear why data localisation policies that hamper services exports will have a disproportionately negative impact on India's economic future. Finally, do read both the book and Devashish Mitra's paper linked in the HomeWork section. And yes, check out our Puliyabaazi with Rohit Lamba, which discusses some of these themes.PolicyWTF: How Pro-Business Protectionism Hurts Indian WomenThis section looks at egregious public policies. Policies that make you go: WTF, Did that really happen?— Pranay KotasthaneBy now, it's widely known that Bangladesh has eaten away at India's share in textile and apparel exports. This industry is labour-intensive and employs a significant proportion of women in the formal labour force—46% of all Indian women in the manufacturing sector are employed by apparel and textile industries taken together. Hence, it's important to diagnose the reason for India's decline. As with policy success, policy failure can also have multiple causes. Bangladeshi exports received preferential treatment in the West as part of the latter's policy to help poorer countries. This is one important reason that helped Bangladesh. However, this reason alone doesn't explain India's decline in fibre production. It turns out that the reason is our favourite villain: pro-business protectionism. I learned about this causal linkage from an excellent 2022 paper, Reigniting the Manmade Clothing Sector in India, by Abhishek Anand and Naveen Joseph Thomas.This is how I understood the story that Anand and Joseph narrate. India has been losing global market share in textiles and apparel since 2011 to Bangladesh and Vietnam. The global demand for artificial fabric-based cloth (such as polyester) is far higher than that for natural fabric-based cloth (such as cotton) for cost and durability reasons. Thus, India's underperformance is largely due to a decline in its exports in the artificial fibre segment. And why is that the case? The most important input for the polyester fabric is a chemical called Purified Terephthalic Acid (PTA). The villain enters the scene. In October 2013, the two major domestic producers of PTA (Reliance Industries Ltd. and Mitsubishi Chemical Corporation India Ltd.) petitioned the government to impose anti-dumping duties on imported PTA. The government agreed. The anti-dumping duties were supposed to remain in force for six months. But they were kept in force for over six years! To make matters worse, the government imposed additional import tariffs on PTA in 2018 as part of its atmanirbharta driveoverdrive. This rise in PTA costs had a cascading effect on the downstream fibre-making and apparel industries, making their products costly even as Bangladesh continued enjoying preferential tariff treatment in the EU. Vietnam benefited from trade agreements with Australia, Canada, the EU, and also the RCEP. The productivity of India's textile sector declined, and many potential jobs vanished in thin air, disproportionately impacting women.There's an even uglier face to this fiasco. While large sections of Indians lost out, the position of a select few protected businesses improved. Vertically integrated firms with a presence in the entire supply chain from PTA to polyester yarn, and finally, apparel, benefited immensely as their competitors had to pay higher rates for the imported PTA. Protected from the cost of imports due to their in-house PTA production capabilities, these companies cornered a bigger domestic market share. Notably, their lower productivity means that even these protected firms can't compete in the global market. This a canonical example of how pro-business policies hurt markets and people. Even though the government dropped the anti-dumping duties on PLA in 2020 and started a Production-linked Incentive (PLI) for textiles, it simultaneously increased import duties for the downstream polyester to now protect domestic yarn producers from foreign competition! Talk about learning from past mistakes. PolicyWTF indeed.In any case, do read the entire paper. It's written lucidly, without the jargon and the scary Greek alphabet.HomeWorkReading and listening recommendations on public policy matters* [Article] Martin Wolf has an excellent column in the Financial Times on liberalism and its discontents. It cites the Inglehart-Welzel Cultural Map to argue that even if there is no ‘clash of civilisations', there seems to be a ‘divergence of civilisations' on freedom-related questions. As an aside, I observed that there is no data for India in the seventh round of the World Values Survey, which covers the period 2017-21. Does any reader know why? Is it a story similar to India pulling out of the PISA rankings? * [Video] This is a good conversation on Devashish Mitra's paper Manufacturing-fed, Export-led Growth for Gainful Employment and Skill Creation. The presentation has no scary equations, and the discussion is insightful. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit publicpolicy.substack.com
Pranay Kotasthane, Co-author of "Missing in Action," and Devashish Dhar, Author of "India's Blind Spot," come together for a unique duet in the realm of policy. Drawing inspiration from the classical music approach of jugalbandi that allows artists to showcase their mastery of instruments, Pranay and Devashish leverage their experiences at Takshashila Institution and NITI Aayog, respectively, to weave a harmonious narrative on public policymaking. Having both spent time at the Takshashila Institution, they bring a rich understanding of the intricate world of policy. As they collaborate and build upon each other's work, this policy jugalbandi aims to unravel the complexities of policymaking for our audience. In this episode of BIC Talks, our speakers, Pranay Kotasthane and Devashish Dhar, delve into the core of public policy, offering fresh insights and perspectives. Pranay, with his co-authorship on "Missing in Action," challenges the prevalent perceptions about the Indian State, urging us to reflect on its workings. Meanwhile, Devashish, the author of "India's Blind Spot," sheds light on the challenges and opportunities that define India's experiment with urbanization, emphasizing how cities have become the country's blind spot. In this exploration of policy, our participants dissect fundamental concepts and propose innovative solutions to the complex issues. This episode was adapted from a live event at the BIC premises. Subscribe to the BIC Talks Podcast on your favourite podcast app! BIC Talks is available everywhere, including Apple Podcasts, Spotify, Google Podcasts, Castbox, Overcast, Audible and Amazon Music.
Happy New Year— RSJHappy 2024, dear readers! We hope 2023 was good for all of you. If it wasn't, we are glad that it's behind you. We didn't have too bad a 2023 ourselves. This newsletter went along swimmingly (or so we think) and we had our book ‘Missing in Action: Why You Should Care About Public Policy' published on 23 January 2023. Why haven't you bought it yet? Anyway, it seems to be doing well based on the modest expectations we had of it. I'm yet to see the pirated versions of it peddled at traffic signals. Heh, that will be the day. But then I see it on shelves of all decent bookstores and that's quite reassuring. That apart, Pranay had another book (one productive chap, I tell you), When The Chips Are Down on semiconductor geopolitics which is an area that's going to get more interesting and contentious in this decade. All in all, we ended up writing 44 editions during the year totaling up to over a hundred thousand words. A good year, I guess.On to 2024 then. Like in the past, we will indulge ourselves a bit in the first edition of the year. First, looking back at our predictions for 2023 and seeing how badly off we were and then next week, I will be doing a bit of crystal ball gazing for 2024.Before I bore you with that, let me share with you this wonderful excerpt from a paper I read recently. Titled ‘Enlightenment Ideals and Belief in Progress in the Run-up to the Industrial Revolution: A Textual Analysis', it covers an area of eternal fascination for me - Enlightenment and its impact on Western Europe. Interesting conclusions and a must-read:“The role of cultural attitudes—specifically, of Enlightenment ideals that had a progress oriented view of scientific and industrial pursuits—in Britain's economic takeoff and industrialization has been emphasized by leading economic historians. Foremost amongst them is Joel Mokyr (2016), who states that the progress-oriented view of science promoted by great Enlightenment thinkers, such as Francis Bacon and Isaac Newton, among many others, was central to what would become the “Industrial Enlightenment,” and ultimately Britain's Industrial Revolution. In this paper, we test these claims using quantitative data from 173,031 works printed in England in English between 1500 and 1900. A textual analysis resulted in three salient findings. First, there is little overlap in scientific and religious works in the period under study. This indicates that the “secularization” of science was entrenched from the beginning of the Enlightenment. Second, while scientific works did become more progress-oriented during the Enlightenment, this sentiment was mainly concentrated in the nexus of science and political economy. We interpret this to mean that it was the more pragmatic works of science—those that spoke to a broader political and economic audience, especially those literate artisans and craftsmen at the heart of Britain's industrialization—that contained the cultural values cited as important for Britain's economic rise. Third, while volumes at the science-political economy nexus were progress-oriented for the entire time period, this was especially true of volumes related to industrialization. Thus, we have unearthed some inaugural quantitative support for the idea that a cultural evolution in the attitudes towards the potential of science accounts in some part for the British Industrial Revolution and its economic takeoff.”2023 Predictions ScorecardI had 8 predictions across the global economy, Indian economy and Indian social and political order. So, this is how does the 2023 report card looks like.Global EconomyThis is what I had written:#1 The trend of securing your supply chain for critical products will get stronger.….but it is clear to most large economies that on issues that concern national security, it will be foolhardy to not plan for worst-case scenarios any longer. And national security could mean anything, really, but I can see on energy and key technology, nations will opt for more secure supply chains with watertight bilateral partnerships than be at the mercy of distributed, multilateral chains. I won't go as far as calling it ‘de-globalisation' yet, but this ‘gated globalisation' is a trend that's here to stay.This is playing out but a bit slower than what I expected. Disentangling and building domestic capabilities isn't easy. And it is costly. But through the year we had increasing curbs on what hi-tech (GPU chips, AI research) and defence companies domiciled in the West could export to China. At home, we continued the push on PLI on electronics and tech equipment with debates on how much value-added manufacturing is really coming through in these schemes. Also, interestingly, we are continuing down the path of decoupling from global ‘default platforms' especially in financial services. The Rupay platform is continuing to get bigger with a specific push from the government to derisk payment infrastructure from global networks like Visa and Mastercard. Also, in a recent statement, the central bank has suggested building a homegrown Cloud Computing infrastructure that will be used on regulated entities in India so that they aren't tied into global Cloud service providers. #2 The fears of elevated inflation and a recession in the US in 2023 are overblown. The recession is due, but it will come a bit laterMy view is that as supply chain issues ease up with China opening up, energy demand going up and the US continuing to be at almost full employment, we might have a 2023 where for the most part, the US inflation will be higher than target, Fed will continue to remain hawkish, and the growth will hold up. This will mean the real risk of recession will be more toward the end of the year than now.Turns out I was accurate. In fact, the US economy has held up even better than I expected. And the Fed almost softened their tone by their last meeting of the year.#3 Big Tech will continue to be under the coshI half expect India to gradually move all payment and eCommerce arms of Big Tech into a structure that's domestically controlled and owned in 2023. Third, FTC, with Hina Khan at the helm, will accelerate antitrust and competition law changes to reduce the dominance of Big Tech.I think I got this right in a big way. Through the year, fintechs have offloaded ‘troublesome' shareholders (read Chinese investors) and there is a real trend of what's called ‘reverse flipping' where unicorns that were domiciled outside of India for tax and regulatory reasons are coming back home. Reason? Well, if you ask them they will tell you because they believe in the India story. That's very convenient. The real reason is domestic regulators are making it difficult for a non-domiciled company to get a full bite of the Indian apple. From data security and storage requirements to tax and fund transfer regulations, the entities that are essentially Indian but are registered outside India to avoid ‘regulatory inconvenience' are now facing business inconvenience in following that model. Here's more on this. Indian EconomyI think I wrote more about the Indian economy in 2023 than any previous year. Much of it was about my surprise, in a positive way, on how much better it was doing than my expectations. Now as I read what I had written at the start of 2023, I think I had somewhat forgotten during the year that I was quite optimistic about the economy at the start of the year. Here's what I had written:#1 Greater optimismI am a bit more optimistic about the broader numbers than most, and I will explain why. I think GDP growth will come in around 6.5 per cent for FY24, and inflation will be around 5 per cent. We might see a couple of rate hikes in the next few months, taking the repo rate to 6.75 per cent, but that will be it. I see domestic consumption to remain strong and exports, in the light of the shift away from China, to be good for manufacturers, and how much ever I might struggle to get behind the PLI scheme, it will yield some short-term benefits. IT exports might be a dampener, but on balance, I see more upside to these predictions.Couldn't have gotten it more right. I think the growth for FY 24 might come in at 7 per cent. Repo ended up at 6.5 per cent and domestic consumption and manufacturing have stayed strong while IT exports have gone worse over the year. #2 Digitalisation: Wave 2There will be a significant push on digitalisation in lending and eCommerce. The UPI infrastructure has revolutionised payments and, along with GST, has accelerated the formalisation of the economy..... Also, as I mentioned in an earlier point, doing this will also mean shifting the balance of power from Big Tech-owned entities to an open platform or domestically controlled entities. I sense a strong push in this direction in 2023.This was a no-brainer, really. I expected a bit more traction on platforms like OCEN and ONDC which haven't taken off yet. The digitisation of the financial services sector has made low-value credit much easier for people to access. And UPI and digital KYC have enabled that to an extent that unsecured individual lending saw its biggest year ever in 2023. In fact, by the end of the year, we saw the central bank intervening to increase risk weights on these advances for banks and NBFCs and trying to bring down growth rates. The risk of an asset bubble because of faster and easier access to credit seems to become real based on the data they were reading. #3 The expected capex cycle push from the government will not come.There are a couple of reasons for it. First, this government has always been careful about fiscal deficit, and it is particular about the risk of the fiscal space. The government has committed to a 4.5 per cent target for the union government deficit in the next 3 years from the current levels, that's expected to be 6.4 per cent. I see a tightening in the fiscal stance during the year with a gradual reduction in some of the pandemic-related subsidies and better targeting of the benefits improving distribution efficiency. The other reason for a muted capex spend is the likely belief that the private sector credit capex cycle seems to be picking up. Got it mostly right except for the private sector capex cycle bit. That didn't show up in 2023 as I was expecting. Government capex actually slowed as it kept its glide path to a 4 per cent union deficit by 2026. The efficiency improvement in tax collections and subsidy disbursement also helped in broadly sticking to the fiscal plan for the year. And as I expected, this government doesn't need to loosen its purse strings in an election year. It has multiple other tools in its armoury to swing people's opinion in favour of it. India: Political and SocialI had generally anticipated a more-of-the-same year despite some of the noise surrounding opposition efforts at the start of 2023. BJP with PM Modi at the helm, is possibly the most formidable political force in the world and it can turn its missteps too into its advantage. We saw this during the pandemic when its response was poor and too late. But that's all water under the bridge now. It is also helped by a coincidence of circumstances where China has gone off-track and India is able to play its ‘swing power' role to its fullest advantage in global geopolitics. All of this has meant it has a compelling domestic narrative to offer to the people of India rising in global prominence. This has tremendous capital at least among the middle class and the Hindi heartland. Back to what I wrote at the start of the year:#1 More of the sameThe expected consolidation of opposition forces to counter the BJP isn't going to happen early enough for it to mount a credible challenge in 2024. There are eight state elections in 2023, and I suspect BJP will see reverses or very close fights in a couple of them where it is the incumbent (MP and Karnataka)....But it is hard to see opposition consolidation or a credible case that they can make to counter the electoral juggernaut of the BJP at this time. Congress, the other national party, isn't capable of moving the masses either with its agenda or its leadership. The vacuum in national politics looks set to stay.Ho hum. BJP lost Karnataka like I thought they would. MP was a surprise and it only shows how poorly Congress has performed through the year. Everything else is, as they say, same same.#2 More Exit, Less VoiceI have made the point in the past about social fault lines tripping us up while we magically have a growth window that's opened up for us again. This holds true. The space for opposition or dissent has shrunk; more importantly, even the fight for protecting or broadening that space has gone out....The state would be dependent on citizens if they value their loyalty and would then pursue a policy that listens to their voice. However, if the state doesn't value it and the citizens know their voice won't matter, the only option is to exit. For certain sections of our citizenry, they are possibly at this stage of engagement with the state. This scenario might not hurt the majority today, but we would do well to remember it has never been a good idea for the state to not value the loyalty of its citizenry in the long run. Nothing has changed on this. I guess this macro trend has only exacerbated in 2023.So there I am with my report card. Not too bad, I guess though Pranay may again complain that these were quite generic and unless we make very specific predictions, it all seems to come true at the end of the year. Well, I will try to do that next week with my 2024 predictions. But don't hold your breath on that, Pranay. A Framework A Week: Four Components of an Economic StrategyTools for thinking about public policy— Pranay KotasthaneMontek Singh Ahluwalia writes that any economic strategy has four components: slogans, targets, programmes, and policies. Slogans refer to rhetoric employed by the government. Ahluwalia calls it the “front end” of economic strategy. Rhetoric is necessary in a representative democracy for communicating the government's position on an issue in a simple, catchy form without going into the details of the accompanying policy measures. Think Garibi Hataao, Shining India, Inclusive Growth, Sabka Saath Sabkaa Vikaas, and Minimum Government and Maximum Governance. Targets are specific, measurable goals of an economic strategy. An example is the articulation that India will become a developed country by 2047. The World Bank comes up with a GDP per capita threshold for classifying an economy as a high-income one. So the target becomes a guiding light for policies and programmes and also serves as a tool for holding the government accountable.Programmes refer to government-led measures involving public expenditure. Policies are government directives that allow or disallow specific economic activities. The difference can be understood using another popular three-fold classification which says that all governments do only three things — produce, finance, and regulate. This means programmes are government actions that involve producing or financing, while policies are about regulating. For example, bank recapitalisation is a programme where the government is financing public sector banks. In contrast, the Foreign Trade Policy 2023 lays down the rules that govern all exports and imports. This four-fold classification is useful for policy analysts for two reasons. One, it doesn't look at slogans cynically. Economic narratives are important. Slogans are often launchpads for powerful narratives.Secondly, differentiating policies from programmes is crucial. The default government tendency is often to bat for government-run programmes. Think Production-linked Incentives (PLI) and export subsidies. There are enough and more programmes from the past to tinker with and regurgitate them into a new programme to “solve” the economic problems of the day. However, chronic economic problems might need a fundamental change in policies that cannot be fixed by programmes alone. India's manufacturing underperformance is one such example. Though there have been many a programme for overcoming this challenge, the solution lies in changing trade, tax, labour, and doing business policies. Another example comes from the 1991 economic reforms. At the time, many politicians thought that India only needed a debt restructuring programme. However, the reformers successfully argued that India needed a change in tax, business, and investment policies; a new programme alone wasn't good enough. For an illustration of this framework, check this article by Montek Singh Ahluwalia on the problem with India's public sector banks.PolicyWTF: Screws are Strategic This section looks at egregious public policies. Policies that make you go: WTF, Did that really happen?— Pranay KotasthaneThe Department to Ground Foreign Trade, or less accurately, the Directorate General of Foreign Trade (DGFT), is a gift that keeps giving. Their latest policy move is to restrict the import of cheap screws so that India can become a self-reliant vishwaguru of screws. A screwpower, maybe? In a notification issued on 3rd Jan, the DGFT banned the imports of screws priced lower than ₹129/kg. Indian manufacturers used to import these from France, China, Australia, Bangladesh, Brazil, and Belgium.So, the government wants to do an import substitution of a humble product that costs ₹129 per kg and already has a diversified supply chain. If this isn't ridiculous enough, think about the impact on Indian manufacturers who relied on these imports. They are the ones getting screwed here because they will end up paying more for the same product. Long-time readers might experience déjà vu as there was a similar policy restricting the imports of mosquito electronic racquets in 2020, to which RSJ had paid proper obeisance in edition #129. In other news, one of the issues blocking the India-UK FTA is that Indian EV car manufacturers don't want the high import duties to be dropped. Currently, electric cars priced above $40000 are slapped with a 100 per cent import duty, while those below $40000 are levied a 70 per cent duty. Domestic manufacturers argue that a reduction in import duty will stall the sunrise industry. These two stories in recent months illustrate the slippery slope of industrial policy in low state capacity conditions. A domestic subsidy for manufacturers can still be justified because every other country is doing that. It's become an entry pass of sorts to play the manufacturing game. But to couple domestic production subsidies with import restrictions makes these policies scarily close to the import substitution regime in the pre-1991 era. Every government makes mistakes. However, low state capacity results in governments repeating the mistakes of the past as there is no institutional memory. We seem to be reaching that point with India's industrial policies. This observation also stands empirically. Check out the New Industrial Policy Observatory (NIPO) released by the IMF (hat-tip to Niranjan Rajadhyaksha for sharing the accompanying paper on X). The database classifies industrial policy actions over the last few years into eight categories: export barriers, import barriers, domestic subsidies, export incentives, FDI measures, Public procurement measures, Localisation content measures, and miscellaneous. This is by far the most detailed database of industrial policy measures I've seen—a fantastic tool for scholars working in economic policy.Now here's my initial analysis looking at the data for India in NIPO. Of the 195 industrial policy measures that India has taken, 55 are distortionary trade measures, illustrating that we are repeating import substitution ideas of the past. There's more to this. In the database, one can also classify industrial policies sectorwise. Here again, we see that import tariffs feature across most sectors. Such mindless import substitution will lead to export contraction, as Indian companies become uncompetitive and bow out of international competition. We have seen this movie before.P.S.: Look at this chart of trade as a per cent of GDP for the world's five largest economies. Trade is a higher proportion of India's GDP than is the case for Japan and China. It's been that way for the last ten years. Trade is far more important to India than we realise. HomeWorkReading and listening recommendations on public policy matters* [Book] Vivekananda: The Philosopher of Freedom is a thoroughly enjoyable, myth-busting biography. * [Blogpost] This post has a mind map of market failures and corresponding government interventions. A boon for anyone interested in public policy.* [Podcast] Listen in to a Puliyabaazi with economist Rohit Lamba on India's future economic trajectories. This is a fun episode. * [Paper] A useful take on Foreign Trade Policy 2023 in Economic and Political Weekly. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit publicpolicy.substack.com
NEW YEAR NEW SEASON! Welcome to Season 2 of How Yoga Changed My Life a Podcast!To kick off 2024, Mia and Adrienne took a roadtrip to Houston and met up with Alicia Dugar Stephenson (aka @AfroYogaQueen on IG. Alicia dives deep into her yoga journey, including how she utilizes Yoga to help manage her Lupus. Her passion and love to share yoga within her community is inspiring! Show Notes:Click Here to purchase Alicia's Book, Yoga Best Life: 5 Keys to Unlock Abundant Health, Wealth, and HappinessClick Here to sign up for Alicia's upcoming trainingClick Here for more info on Yoga Sutra 2.1 from Yoga International Click Here to register for Adrienne's upcoming Advanced 300 RYT Training in SATXFollow us on TikTok:https://www.tiktok.com/@yogachangedFollow us on Instagram:https://instagram.com/yogachanged?igshid=YmMyMTA2M2Y=For more, go to https://howyogachangedmylife.com Wanna be on the show? Click here to fill out our guest info form or drop us a email at yogachanged@gmail.com
इस हफ़्ते पुलियाबाज़ी पर चर्चा भारत की इजराइल विदेश नीति पर, और प्रणय की इजराइल यात्रा पर आधारित कुछ अवलोकन। This week we dive into the history of how India's ties with Israel have evolved over time. What has been India's stance on the Israel-Palestine issue? How has diplomatic ties with Israel strengthened over time? And some observations from Pranay's Israel visit. Book referred to: The Evolution of India's Israel Policy by Nicolas Blarel https://amzn.eu/d/55ZINod Suez Crisis https://en.wikipedia.org/wiki/Suez_Crisis Actor David in the movie Boot Polish https://www.youtube.com/watch?v=jSNFQmNagE0 Maharashtra Day celebration in Israel https://www.hindustantimes.com/india/indian-jews-celebrate-maharashtra-day-in-israel/story-gb1BjvN488Bm5AhHg955cP.html ***** related Puliyabaazi on Foreign Affairs ***** Puliyabaazi Playlist on Foreign Policy: https://youtube.com/playlist?list=PLRvXciEh5eJ2hFgca1JoPcHx6OjTz1UE_&si=tpr_NUOQkY0Telgk दूसरे देशों के झगड़ों में क्यों पड़े? International Peace Mediation and India. https://puliyabaazi.in/episode/duusre-desho-ke-jhgdddho-me-kyo-pdddhe-international-peace-mediation-and-india क्या भारतीय राज्यों की अपनी विदेश नीति होनी चाहिए? Should Indian States Engage in Economic Diplomacy? https://puliyabaazi.in/episode/kyaa-bhaartiiy-raajyo-kii-apnii-videsh-niiti-honii-caahie-should-indian-states-engage-in-economic-diplomacy भारतीय विदेश नीति : आधारस्तंभ और प्रभावस्रोत. India's Foreign Policy Principles. https://puliyabaazi.in/episode/bhaartiiy-videsh-niiti-aadhaarstmbh-aur-prbhaavsrot-indias-foreign-policy-principles ***************** Website: https://puliyabaazi.in Write to us at puliyabaazi@gmail.com Hosts: @saurabhchandra @pranaykotas @thescribblebee Puliyabaazi is on these platforms: Twitter: @puliyabaazi Instagram: https://www.instagram.com/puliyabaazi/ Subscribe & listen to the podcast on iTunes, Google Podcasts, Castbox, AudioBoom, YouTube, Spotify or any other podcast app.See omnystudio.com/listener for privacy information.
Quick Take - (Full Episode - #83 - Link Below to Full Episode) We have an excellent discussion that will ring true to any professionals who are looking to recapture their time from the grueling hours put into a W-2 job. Welcome Dr. Pranay Parikh, a practicing physician who is also helping doctors build generational wealth through real estate. Dr. Parikh understands the grueling demands of a high-stress profession such as medicine - the years of education, the sacrifices through one's 20's and 30's to build a career while assuming mountains of debt, and the actual demands of the job. Many doctors dream of being more present with their families, and Dr. Parikh educates his peers on how to establish wealth for the next generation, and practice medicine on their own terms. Dr. Parikh is a medical doctor, serial entrepreneur, online course creator, and podcast host. His unconventional journey to medicine helped him learn the skills to excel in entrepreneurship and help hundreds of physicians gain financial security and control of their own time. The concepts that we discussed in this episode ring true for people in high-paying professions that required years of education and thousands of dollars of student loans- medicine, attorneys, business professionals, and many more. In this episode, we discussed: - Addressing the unique challenges that medical professionals have when starting with real estate investing - What revelations that Pranay had that brought him into real estate investing. - How does being a medical doctor fit in with the FIRE movement? - What are some of the advantages that medical professionals have in the space of entrepreneurship? - Building a team and the opportunities that abound when networking with professionals in other fields - Starting a podcast and building an indwelling audience before figuring out the ultimate direction of a venture - Tips for real estate professionals to make a connection with doctors and other professionals :: Link to Full Episode - https://youtu.be/K5pEH0hUOiA Where you can find Pranay: LinkedIn - https://www.linkedin.com/in/pranay-parikh/ Website - https://pranayparikh.com/ Facebook - https://www.facebook.com/pranayparikhmd Ascent Equity Group - https://ascentequitygroup.com/ From MD to Entrepreneur Podcast - https://www.frommd.com/ Join Jason Muth and Attorney / Broker Rory Gill of NextHome Titletown and UrbanVillage Legal in Boston, Massachusetts for another episode of The Real Estate Law Podcast! #realestatepodcast #nexthome #humansoverhouses #realestate #realestatelaw #realestateinvesting #realestateinvestor #realestateagent #financialfreedom #entrepreneurship #passiveincome #entrepreneurship #timemanagement #impostersyndrome #firemovement #financialindependence _____________________ Follow us! Following and subscribing to The Real Estate Law Podcast not only ensures that you'll get instant updates whenever we release a new episode, but it also helps us reach more people who could benefit from the valuable content that we provide. The Real Estate Law Podcast on Instagram and YouTube NextHome Titletown Real Estate on Facebook and LinkedIn Straightforward Short-Term Rentals on Instagram Attorney Rory Gill on LinkedIn Jason Muth on LinkedIn Help us Spread the Word If you've found our podcast helpful, entertaining, or informative, please consider leaving us a rating and review. It only takes a minute and can make a huge difference in helping us reach more listeners. Hospitality.FM The Real Estate Law Podcast is part of Hospitality.FM, a podcast network dedicated to bringing the best hospitality-focused podcasts to those in and around the industry, from Food + Beverage, Guest Experience, Diversity & Inclusion, Tech, Operations, Hotels, Vacation Rentals, Real Estate Law, and so much more!
Do you ever feel stuck in a never-ending work cycle with no financial freedom in sight? Join us as Pranay Parikh shares "hacks" that have been instrumental in helping him find financial freedom and work less. He stresses how he has avoided decision fatigue and focused on important decisions related to investments. This episode explores the importance of creating a rule and iterating it multiple times while emphasizing the need to take action without procrastinating or being a perfectionist. Tune in now to learn how having clear rules and taking action can help you speed up your journey towards financial freedom! Dr. Pranay Parikh is a medical doctor, serial entrepreneur, and podcast host. His unconventional journey to medicine helped him learn the skills to excel in entrepreneurship and real estate. Over the past 36 months, he's bought over $250 million in real estate and helped 100s of others invest in real estate without being a landlord. [00:01 - 04:52] Pranay's Hacks for Achieving Financial Freedom and Working Less • Systems are the way to go to achieve goals • Pranay shares his rules and how they help him focus on important decisions • How you can maintain your willpower and save time [04:53 - 09:41] Taking the Fear Out of Decision Making • How Pranay uses rules to make progress towards his goals • Trial and error process to decide when to implement a rule • Give yourself maximum time to think of the best rule possible • Iterate rules until the desired outcome is achieved [09:42 - 13:30] Closing Segment • Perfectionism can be procrastination due to fear • Stealing from future self by not taking action Connect with Pranay: Website: ascentequitygroup.com Facebook: Pranay Parikh LinkedIn: Pranay Parikh Podcast: From MD to Entrepreneur with Dr. Pranay Parikh Key Quotes: "You can have goals, but if you build the systems to get you there, you're much more likely to have success." - Pranay Parikh "The less decisions that I need to make, the more I can really focus on the important decisions." - Pranay Parikh "The people who say they're perfectionists are actually procrastinating." - Pranay Parikh WANT TO LEARN MORE? Connect with me through LinkedIn. Or send me an email at sujata@luxe-cap.com Visit my website, www.luxe-cap.com, or my YouTube channel. Thanks for tuning in! If you liked my show, LEAVE A 5-STAR REVIEW, like, and subscribe!
“No one tells a toddler…Hey, you know, you fell 5000 times, I don't think walking is going to be for you.” - Dr. Pranay ParikhSo, what makes entrepreneurship a tricky feat for doctors?Well, it comes down to how they were trained. Doctors have to be very risk-averse and have a very perfectionist approach. Add to that time limitations and a low skill diversity outside of medicine and you can see why becoming a risk-taking entrepreneur seems pretty far-fetched.But as Dr. Pranay Parikh explains, it IS possible. But we need to take the steps to overcome the analysis paralysis we often stumble into.For more on this, listen to the full episode here: https://vikramraya.com/taking-the-leap-from-doctor-to-entrepreneur-with-dr-pranay-parikh-limitless-md-episode-78/ Resources:- Free community of high-performing physicians: the Physician Wealth Accelerator - https://vikramraya.com/programs/ - Group Coaching Now Open. https://www.freedom5doc.com/home58481126 Connect with Vikram:- Website: https://vikramraya.com/ - Instagram: https://www.instagram.com/vikramraya/ - Facebook: https://www.facebook.com/Vikramrayamd- LinkedIn: https://www.linkedin.com/in/vikramraya/- YouTube: https://www.youtube.com/channel/UCdq9M-kD0L2hy1UlfOK-hwQSpecial Thank You to Music Provided by Music Library: https://soundcloud.com/music-library-non-copyrighted-sounds/300-violin-orchestra-jorge-quintero-copyright-and-royalty-free
लेखक - आचार्य चतुरसेन शास्त्री Writer - Acharya Chatursen Shastri स्वर - समीर गोस्वामी Narration - Sameer Goswami https://kahanisuno.com/ http://instagram.com/sameergoswami_kahanisuno https://www.facebook.com/kahanisuno/ http://twitter.com/goswamisameer/ https://sameergoswami.com
How do physicians diversify their income streams and ensure access to money for investments? Today, we delve into Pranay Parikh's journey in medicine and real estate. From graduating from Caribbean medical school to completing residency at USC and investing in real estate, Pranay shares his story of overcoming obstacles to success. He talks about how to achieve success in business and medicine, including the importance of diversifying income streams and access to money for physicians. Pranay shares his unique perspective on how to use one's skills and knowledge to learn new subjects outside of medicine quickly, identify what one wants in life, and create decisions that are aligned with who they are. Let's dive in! Dr. Pranay Parikh is a medical doctor, serial entrepreneur, and podcast host. His unconventional journey to medicine helped him learn the skills to excel in entrepreneurship and real estate. Over the past 36 months, he's bought over $250 million in real estate and helped 100s of others invest in real estate without being a landlord. [00:01 - 06:50] Unconventional Path to Medicine Leads Pranay Parikh to Real Estate Success • How Pranay became a doctor, entrepreneur, and podcast host • A course to teach others about real estate • Real estate market doesn't always work your way • Reputation is more important than money [06:51 - 13:33] Working Hard to Achieve Success • In deals, sometimes things go wrong, and you need to be able to pick yourself up and move on • How a team of 3 full-time people and contractors owns 310 million worth of real estate • Doctors often live hand to mouth due to high salaries becoming a 'golden handcuff' • White Coat Investor suggests living like a resident for a few years and working like one in the first year out of residency [13:34 - 19:29] How to Create a Life of Balance and Abundance • The tax benefits and access to money through real estate investments • How to create a stream of income that doesn't make the tax situation worse • The effective life formula: Identity, what you want in life, making decisions aligned with values, and diversifying work [19:30 - 23:12] Closing Segment • The gold medal syndrome - feeling lost after achieving goals • Physicians need to focus on having more options for their work hours Connect with Pranay: Website: ascentequitygroup.com Facebook: Pranay Parikh LinkedIn: Pranay Parikh Podcast: From MD to Entrepreneur with Dr. Pranay Parikh Key Quotes: "It is more important what I do with my money than how much I make." - Pranay Parikh "The deeper you are in one subject, the more fearful you feel about knowing something else." - Pranay Parikh "You need to have a way to make decisions that are aligned with who you are and what you want." - Pranay Parikh "We get super excited, and we want to do something, but we need to make sure the systems that we build are something that we can have consistency over time." - Pranay Parikh WANT TO LEARN MORE? Connect with me through LinkedIn. Or send me an email at sujata@luxe-cap.com Visit my website, www.luxe-cap.com, or my YouTube channel. Thanks for tuning in! If you liked my show, LEAVE A 5-STAR REVIEW, like, and subscribe!
On the 42nd episode of the What is a Good Life? podcast, I am delighted to welcome Pranay Sanklecha as our guest. Pranay is a philosopher, the founder of The Philosophy Practice, and a former philosophy professor at The University of Graz.In this episode, Pranay looks to explore my own perspectives as well as sharing his own. We discuss the motives I had for starting this project, our realisations of the pitfalls of striving for particular states or experiences, and that real change may appear slow in the moment but can be considerable when viewed over time.He also breaks down bigger concepts or questions into more relatable and applicable chunks, like a good life into a good day, and notions of oneness and loving everyone to focussing on truly loving your partner in the more trying moments of life.Much of what Pranay is pointing to in this conversation is that if love, beauty, or God, are to be found anywhere, or if there is a good life to be experienced, it is right here in the mess of daily life, and not from escaping it.This episode will give you plenty to consider in terms of where, and how, you are looking to experience a good life!Subscribe for weekly episodes, every Tuesday, and check out my YouTube channel (link below) for clips and shorts.Contact me at mark@whatisagood.life to book a free 30 minute consultation for one-on-one coaching programs or to hear about corporate workshops I am offering around this question.Running Order:02:34 Mixing the profound questions and the necessities05:14 Why did I start this What is a Good Life? Project12:16 Seeking a feeling rather than an outcome15:16 Not taking ourselves seriously but being committed20:39 Making peace with our commitments25:54 Dissolving a gap between daily life and enlightenment31:06 Mystical experiences and chasing states38:14 Just caring about my present day41:07 Feeling at home in your life45:36 Attachment and aversion and freedom50:10 What if everything was God?59:43 The effect of getting comfortable with who we are1:08:54 What is a good life for Pranay?For further content and information check out the following: - For the podcast's YouTube page: https://www.youtube.com/@whatisagoodlife/videos- My newsletter: https://www.whatisagood.life/- My LinkedIn: https://www.linkedin.com/in/mark-mccartney-14b0161b4/- Pranay's LinkedIn: https://www.linkedin.com/in/pranay-sanklecha/- Pranay's Website: https://www.thenewphilosophy.com/
If you want to raise capital from doctors, learn Pranay Parikh's four steps to do it on today's episode. Welcome to Pillars of Wealth Creation, where we talk about building financial freedom with a special focus in business and Real Estate. Follow along as Todd Dexheimer interviews top entrepreneurs, investors, advisers and coaches. Pranay Parikh is a Physician, investor, and entrepreneur. Pranay has a passion for helping other doctors reach financial independence and do more of what they love. He is obsessed with becoming the best version of himself whether it be in business, education, fitness, marriage, or family. Now Prayany seeks to teach others so they can skip all the missteps and struggles he had to go through. Four steps to raising capital from doctors 1. Identity 2. Figure out your Why 3. Figure out what you want 4. Build a system together 3 Pillars 1. Personal development 2. Real estate 3. Stock market Books: The Dictionary of Obscure Sorrows by John Koenig You can connect with Pranay at www.ascentequitygroup.com/start or Pranay@ascentequitygroup.com Interested in coaching? Schedule a call with Todd at www.coachwithdex.com Connect with Pillars Of Wealth Creation on Facebook: www.facebook.com/PillarsofWealthCreation/ Subscribe to our email list at www.pillarsofwealthcreation.com Subscribe to our YouTube channel: www.youtube.com/c/PillarsOfWealthCreation
Dr. Pranay Parikh is a medical doctor, serial entrepreneur, online course creator, and podcast host. His unconventional journey to medicine helped him learn the skills to excel in entrepreneurship.Main point:Why do Doctors Make Great Entrepreneurs?Why do anything outside of medicine?What part, if any, of your training in medicine helped you in entrepreneurship?What advice do you have for other professionals that feel stuck? How and Why to Make Time for Real Estate InvestingHow do you choose what to spend your time on?The 5 Steps to Invest in a Commercial Real Estate SyndicationHow to Succeed as an Entrepreneur While Working a Full-Time JobWhy It's Important to Have a Side Hustle Despite Having a High Paying JobReal Estate as a Source of Financial FreedomConnect with Pranay Parikh: Check out ascentequitygroup.cominfo@frommd.comhttps://www.facebook.com/pranay.parikh2https://www.linkedin.com/in/pranay-parikh/Podcast- From MD to Entrepreneur
--------- EPISODE SUMMARY --------- What if you could transition from trading time for money to creating passive income that builds generational wealth? Today's guest, Pranay, did just that! As a medical doctor, he understood the importance of his time and found a way to invest it wisely by venturing into real estate. The transition wasn't a cakewalk, but he leveraged his medical discipline into the world of investments and syndications, eventually becoming a real estate mogul. Along his journey, he developed a course to help others navigate these financial waters, with a focus on the benefits of investing locally and passively in syndications. Pranay's story isn't just about wealth creation, but also about wealth conservation and propagation. He talks about the often confusing world of real estate investment in the United States, walking us through the complexities, including the criteria for becoming an accredited investor. If you've ever wondered about the benefits of group investment and its related tax benefits, Pranay has some insights for you. He shares his definition of generational wealth and how it can be achieved through strategic and well-informed real estate investments. Tune in to this episode to discover the art of leveraging money for generational wealth. Get ready to be enlightened and empowered! About Dr. Pranay Parikh From MD to Entrepreneur is the podcast that teaches fellow medical professionals how to find financial security outside of medicine. Hosted by Dr. Pranay Parikh who was a fresh attending with zero business experience. Despite loving the work and medicine, he soon realized the lack of financial security or control over his schedule. Today, Dr. Pranay is a serial entrepreneur, President of a private equity firm (https://ascentequitygroup.com) in passive investing, and is now practicing medicine on his own terms. Listen on to learn how he's helped hundreds of doctors do the same using the link below: Listen to From MD to Entrepreneur with Dr. Pranay Parikh on his podcast
October 10: Today on the Conference channel, it's an Interview in Action with Pranay Kapadia, Co-Founder & CEO of Notable. What pushbacks are common from organizations regarding AI implementation? How is Notable using conversational AI to help with scheduling, bill pay and more to improve the patient experience? What is the difference between a chat bot and utilizing an LLM to guide the patient experience?This Week Health SubscribeThis Week Health TwitterThis Week Health LinkedinAlex's Lemonade Stand: Foundation for Childhood Cancer Donate
We wear many hats in life, and one of them can become disproportionately large: our professional identity. Don't get me wrong, being a physician is amazing and the associated identity is imbued with meaning and purpose. The challenge comes when identity becomes calcified and too narrowly defined. When that happens, it can limit us. In this episode, we delve into the diverse and often unforeseen roles of a physician, the constraints placed on one's identity due to deeply entrenched beliefs about our own capacities, strategies to overcome limiting beliefs, how the term "just" can undermine one's potential, the significance of embracing alternate identities, and the common thread between Ted Lasso and Deion Sanders. Stay Connected Sign up for our newsletter here Read our last newsletter “The Kids Who Hated Math Have Something to Teach Us” here Elevate Your Career To learn more about 1 on 1 coaching, start here Guest Bio: Pranay Parikh is a principal of Ascent Equity Group, a real estate, private equity company, predominantly for physicians with over 310 million in assets. Pranay is also the purveyor of the Passive Real Estate Income Academy course, which teaches doctors to be able to find vet and invest in real estate syndications; part of the Passive Income MD podcast, and most recently The Effective Living Formula Course - doing more of what matters. (here's his free webinar) On the side, he is a hospitalist, nocturnist, husband, and father of two young sons. We Discuss: You are more than ‘just' a doctor Pranay's system for how he approaches life An over-the-top identity exercise What assumptions do you make about yourself? Unpacking the word 'Just' Exercises to Overcome ‘Just' The Power of Alter Egos Belief impacts outcome
We wear many hats in life, and one of them can become disproportionately large: our professional identity. Don't get me wrong, being a physician is amazing and the associated identity is imbued with meaning and purpose. The challenge comes when identity becomes calcified and too narrowly defined. When that happens, it can limit us. In this episode, we delve into the diverse and often unforeseen roles of a physician, the constraints placed on one's identity due to deeply entrenched beliefs about our own capacities, strategies to overcome limiting beliefs, how the term "just" can undermine one's potential, the significance of embracing alternate identities, and the common thread between Ted Lasso and Deion Sanders. Stay Connected Sign up for our newsletter here Read our last newsletter “The Kids Who Hated Math Have Something to Teach Us” here Elevate Your Career To learn more about 1 on 1 coaching, start here Guest Bio: Pranay Parikh is a principal of Ascent Equity Group, a real estate, private equity company, predominantly for physicians with over 310 million in assets. Pranay is also the purveyor of the Passive Real Estate Income Academy course, which teaches doctors to be able to find vet and invest in real estate syndications; part of the Passive Income MD podcast, and most recently The Effective Living Formula Course - doing more of what matters. (here's his free webinar) On the side, he is a hospitalist, nocturnist, husband, and father of two young sons. We Discuss: You are more than ‘just' a doctor Pranay's system for how he approaches life An over-the-top identity exercise What assumptions do you make about yourself? Unpacking the word 'Just' Exercises to Overcome ‘Just' The Power of Alter Egos Belief impacts outcome
The 16th Finance Commission is expected to be set up by November. So, this week on Puliyabaazi we discuss how vertical and horizontal devolution is decided based on the formula set by the Finance Commission, why some redistribution is inevitable, and Pranay's three ideas to incentivize better fiscal performance in the states. वित्त आयोग की फार्मूला के अनुसार केंद्र और राज्यों के बीच टैक्स का बंटवारा कैसे होता है? इस आवंटन में क्या बदलाव किये जा सकते है ताकि राज्यों के वित्तीय कामकाज में सुधार हो? इसी पर प्रणय देते है कुछ सुझाव इस पुलियाबाज़ी में। तो सुनियेगा ज़रूर। ***** useful links ***** Let the Fiscal Federalism Games Begin by Pranay Kotasthane https://publicpolicy.substack.com/p/227-looking-ahead-looking-back#%C2%A7india-policy-watch-let-the-fiscal-federalism-games-begin Why the south-vs-north debate is a flawed way to analyse the 15th finance commission formula by Pranay Kotasthane https://theprint.in/opinion/why-the-south-vs-north-debate-is-a-flawed-way-to-analyse-the-15th-finance-commission-formula/44706/ India's Debt Dilemma by Barry Eichengreen, Poonam Gupta and Ayesha Ahmed https://www.ncaer.org/wp-content/uploads/2023/07/Paper-I-Barry-Poonam.pdf Fifteenth Finance Commission Reports for 2021-2026 https://fincomindia.nic.in/ShowContent.aspx?uid1=3&uid2=0&uid3=0&uid4=0 ***** more Puliyabaazi on Public Finance ***** सरकार का पैसा आख़िर जाता कहाँ है? Understanding India's Public Finance ft. Avani Kapur https://puliyabaazi.in/episode/srkaar-kaa-paisaa-aakhhir-jaataa-khaa-hai-understanding-indias-public-finance-ft-avani-kapur हमारी शहरी सरकारें इतनी कमजोर क्यों है? The state of India's Municipal Finances https://puliyabaazi.in/episode/hmaarii-shhrii-srkaare-itnii-kmjor-kyo-hai-the-state-of-indias-municipal-finances ***************** Website: https://puliyabaazi.in Write to us at puliyabaazi@gmail.com Hosts: @saurabhchandra @pranaykotas @thescribblebee Puliyabaazi is on these platforms: Twitter: @puliyabaazi Instagram: https://www.instagram.com/puliyabaazi/ Subscribe & listen to the podcast on iTunes, Google Podcasts, Castbox, AudioBoom, YouTube, Spotify or any other podcast app.See omnystudio.com/listener for privacy information.
In episode 132 of Jamstack Radio, Brian speaks with Pranay Prateek of SigNoz. This talk explores application performance monitoring, insights on utilizing OpenTelemetry, and reasons to consider open source observability solutions instead of those from SaaS vendors.
Thank you for listening to FROM MD To Entrepreneur PodcastTune in every Wednesday, 5 AM PST. Follow Us on our socials Instagram - https://www.instagram.com/frommdpodcast/ LinkedIn - https://www.linkedin.com/company/from-md-to-entrepreneur/ Website - https://www.frommd.com/episodes/
In this episode, we are joined by the multi-talented Pranay Parikh, M.D. Pranay is not only a Physician but also a Real Estate/Venture Capital Investor, Co-Founder of Ascent Equity Group, Co-Creator of Passive Real Estate Academy, and Host of the From MD to Entrepreneur Podcast. His expertise and passion lie in collaborating with fellow physicians to foster a community focused on ethical and equitable real estate investing. With his extensive knowledge and experience, Pranay has been a sought-after speaker at conferences like the Financial Freedom Through Real Estate, where he imparts his wisdom on real estate investment strategies. Through his podcast, From MD to Entrepreneur, he provides valuable tools and resources for doctors looking to take control of their lives and finances as physician entrepreneurs. Join us in this episode as we delve into the world of real estate investing, passive income strategies, and the inspiring journey of Pranay Parikh, M.D., as he empowers physicians to achieve financial freedom through real estate entrepreneurship. HIGHLIGHTS FROM THE EPISODE Pranay's journey into real estate 00:00 - 6:30 Ways to find the right partner 6:30 - 9:31 Why brand building is so important 9:31 - 14:26 Maximizing assistance 14:26 - 16:36 Platforms for education 16:36 - 19:07 Ascent equity future plans 19:07 - 22:10 Ways to contact Pranay 22:10 - 23:50 CONNECT WITH THE GUEST Website- https://ascentequitygroup.com CONNECT WITH THE HOST Website- https://upstreaminvestor.com/ Facebook- https://www.facebook.com/TwoSmartAssets/ Instagram- https://www.instagram.com/upstreaminvestor/ Twitter- https://twitter.com/twosmartassets LinkedIn- https://www.linkedin.com/company/two-smart-assets/ ----------------------------------------------------------------------------------------------------------------------- Listen, like, subscribe, and comment!
How did Dr. Pranay transition from saving lives to creating wealth? Tune in to our latest podcast episode to discover his journey from medicine to real estate investing, and how he built a successful career in both fields. Dr. Pranay shares his insights, challenges, and lessons learned along the way, offering valuable tips and inspiration for anyone seeking to follow a non-traditional path to financial freedom. Don't miss this fascinating conversation on The Real Estate Vibe!Dr. Pranay Parikh is a medical doctor, serial entrepreneur, and podcast host. His unconventional journey to medicine helped him learn the skills to excel in entrepreneurship and real estate. Over the past 16 months, he's bought over $200 million in real estate and helped 100s of others invest in real estate without being a landlord.In this Episode, Vinki & Dr. Pranay chat about:- His story arc from medical student to successful entrepreneur and investor- What skills his medical career brought to his investment career- The ideal type investment for you- Why he chose to help other doctors multiply their wealth- Dr. Pranay's podcast and best golden nuggetsContact Dr. Pranay: https://www.linkedin.com/in/pranay-parikh/If you've liked this episode, please leave us feedback through a five-star rating and comments below! Also be sure to like, share, and subscribe!The Real Estate Vibe Show!Follow us @https://twitter.com/loombainvesthttps://www.instagram.com/loombainvestmenthttps://www.facebook.com/Loombainvesthttps://www.linkedin.com/in/vinkiloomba#realestate #realstateinvesting #multifamilyinvesting #passiveinvesting
Are you an Accredited Investor that's tired of getting crushed by paying so much in income tax? Find out how we're helping others like you keep Uncle Sam out of your pocket. Click the link HERE. Going Long Podcast Episode 310: How Collaborating With Others Can Be The Key to Your Investing Success ( To see the Video Version of today's conversation just CLICK HERE. ) In the conversation with today's guest, Pranay Parikh, you'll learn the following: [00:35 - 03:34] Show introduction with comments from Billy. [03:34 - 07:56] Guest introduction and first questions. [07:46 - 16:22] The backstory and decisions made that led Pranay to this point in his journey. [16:22 - 22:57] Pranay explains how he was able to come back from failures and move forward towards success. [22:57 - 27:24] What it was that initially attracted Pranay to Real Estate when there were so many other paths that he could have taken. [27:24 - 30:16] Why Pranay decided to take the route of collaboration in investing rather than the solo route. [30:16 - 32:06] Pranay tells us all about his podcast, ‘From M.D. to Entrepreneur'. Here's what Pranay shared with us during today's conversation: Where in the world Pranay is currently based: Echo Park, Los Angeles. The most positive thing to happen in the past 24 hours: Pranay found out that he is going to save hundreds of thousands of dollars on a rate cap because of the current economic climate! Favourite city in Europe: Paris, France. A mistake that Pranay would like you to learn from so that you don't have to pay full price: Don't put all your eggs in one basket when you are going into a totally new kind of investment that you aren't knowledgeable about. Book Recommendation: The Dictionary of Obscure Sorrows, by John Koenig. - https://www.amazon.co.uk/Dictionary-Obscure-Sorrows-John-Koenig/dp/1501153641 Be sure to reach out and connect with Pranay Parikh by using the info below: Company Website: https://ascentequitygroup.com/ Podcast Website: https://www.frommd.com/ Podcast: https://podcasts.apple.com/us/podcast/from-md-to-entrepreneur-with-dr-pranay-parikh/id1625547221 To see the Video Version of today's conversation just CLICK HERE. How to leave a review for The Going Long Podcast: https://youtu.be/qfRqLVcf8UI Start taking action TODAY so that you can gain more Education and Control over your financial life. Are you an Accredited Investor that's tired of getting crushed by paying so much in income tax? Find out how we're helping others like you keep Uncle Sam out of your pocket. Go to https://www.firstgencp.com/goinglong Be sure to connect with Billy! He's made it easy for you to do…Just go to any of these sites: Website: www.billykeels.com Youtube: billykeels Facebook: Billy Keels Fan Page Instagram: @billykeels Twitter: @billykeels LinkedIn: Billy Keels
Get ahead of your real estate game as Dr. Pranay Parikh breaks down how acquisitions, asset management, syndications, and capital raising work. Stay connected to establish great partnerships and generate steady deal flow to achieve long-term business success today!WHAT YOU'LL LEARN FROM THIS EPISODEHow Ascent Equity helps real estate syndicators do their investmentsWhy consistent communication matters in business relationshipsAdvantages of implementing the right operating systems for your businessThe power of establishing your company's core values Significant benefits of finding the right partners and participating in mastermind groups RESOURCES/LINKS MENTIONEDPeter Kim: https://www.linkedin.com/in/peterkimmd/ Vivid Vision by Cameron Herold | Paperback: https://amzn.to/3J7M6sD Hardcover: https://amzn.to/3SE2tAd, and Kindle: https://amzn.to/3J8y8qp Actively Passive Investing Show with Travis Watts: https://www.bestevercre.com/podcast/tag/actively-passive-show ABOUT DR. PRANAY PARIKH Dr. Pranay Parikh is a medical doctor, serial entrepreneur, and podcast host. His unconventional journey to medicine helped him learn the skills to excel in entrepreneurship and real estate. Over the past 16 months, he's bought over $200 million in real estate and helped hundreds of others invest in real estate without being a landlord.CONNECT WITH DR. PRANAY Website: Ascent Equity Group: https://ascentequitygroup.com/ | From MD to Entrepreneur with Dr. Pranay Parikh: https://www.frommd.com/ Podcast: From MD to Entrepreneur with Dr. Pranay Parikh | Apple: shorturl.at/itAGZ and Spotify: shorturl.at/bpHITLinkedIn: Pranay Parikh M.D.: https://www.linkedin.com/in/pranay-parikh/CONNECT WITH USWant a list of top-rated real estate conferences, virtual meetups, and mastermind groups? Send Tate an email at tate@glequitygroup.com to learn more about real estate using a relational approach.Looking for ways to make passive income? Greenlight Equity Group can help you invest in multifamily properties and create consistent cash flow without being a landlord. Book a consultation call and download Tate's free ebook, "F.I.R.E.-Financial Independence Retire Early via Apartment Investing," at www.investwithgreenlight.com to start your wealth-building journey today!
What does it take to purchase $1.1 billion in real estate? I'm glad you asked because today's guest has not only done it, but he's teaching other MDs how they can do it too. I'm thrilled to welcome Pranay Parikh to the podcast. Pranay is a hugely successful doctor, podcaster, and course creator who's created tons of opportunities in passive investing for others, with a focus on helping doctors become entrepreneurs in real estate. When Pranay graduated from med school, he had a solid salary, which came with a ton of debt. Instead of playing the stock market, he paid off his loans, did his first syndication, and fell in love with multifamily investing. In today's conversation, Pranay and I get into how he's looking at multifamily in the wake of a frozen market and the plays investors can make to take advantage of opportunities as we approach a potential recession. We'll also talk about what investors need to know to de-risk their businesses and how busy medical professionals can add real estate investing to their portfolios! The Forever Passive Income Live Virtual Event The next FPI Live Virtual Event is coming up on May 19-21, 2023 where I'll be sharing the step-by-step blueprint on how we raised tens of millions in capital and acquired over 4,300 units. Buy your FPI tickets today by visiting ForeverPassiveIncome.com Key Takeaways with Josh Cantwell The ins and outs of loan assumptions, which ones are good and which ones aren't. How to actively do passive real estate–and make sure you have passive returns. Why Pranay created a course and how it has boosted his credibility. What it takes to buy $1.1 billion in real estate–and how he's helped hundreds of physicians invest in multifamily through his deal flow. Steps you can take right now to de-risk your business. Want the Full Show Notes? To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit https://acceleratedinvestorpodcast.com/356 Rate & Review If you enjoyed today's episode of The Accelerated Real Estate Investor Podcast, hit the subscribe button on Apple Podcasts, Spotify and YouTube so future episodes are automatically downloaded directly to your device. You can also help by providing an honest rating & review over on Apple Podcasts. Reviews go a long way in helping us build awareness so that we can impact even more people. THANK YOU! Connect with Josh Cantwell Facebook YouTube Instagram LinkedIn Twitter Sign up for the Forever Passive Income Partnering, Mastermind and Coaching Program with Josh Cantwell To unlock your potential and start earning real passive income, visit joshcantwellcoaching.com
Investing in real estate is one of the most common side gigs for physicians. Pranay Parikh, MD of From MD to Entrepreneur Podcast shares his story of how he got started with real estate, what he enjoys about it, what to look out for, and why you should do it too. Despite loving medicine, Dr Parikh felt like he had little control over his time, and little financial stability. Today, he's a serial entrepreneur, and he practices medicine on his own terms. This episode is sponsored by charmeconomics.com The ideas expressed on this podcast are those of the interviewer and interviewee and do not represent those of their respective employers.
ABOUT PRANAY PARIKHDr. Pranay Parikh is a full-time physician, Co-Founder and President of Ascent Equity Group, online course creator, and host of the MD to Entrepreneur Podcast. Dr. Parikh started out as a fresh attending with zero business experience. Despite loving his job and medicine, he didn't feel like he had financial security or control over his time. Today, he is a serial entrepreneur and practices medicine on his own terms. He has a passion for helping other doctors reach financial independence and do more of what they love. Dr. Pranay consistently strives to become the best version of himself whether it be in business, education, fitness, marriage, or family. THIS TOPIC IN A NUTSHELL: Pranay's background and why he got into real estateGetting into his first deal and Syndication Creating an online coursePartnership and Fund to fund dealsBuilding a brand with partnersThe learning curve with buying propertiesInvesting in Real Estate from a doctor's perspectiveInvesting in Tools and App for Investor's privacyObstacles encountered as a doctor and how to overcome thoseDoing pre-mortem in all dealsAdvice to his 25-year-old selfFirst Entrepreneurial EndeavorFormal and informal training that shaped his journey His biggest mistake and what he learned from itConnect with Pranay KEY QUOTE: “What beats mindset or any issues is Action. You'll get past those obstacles if you just take action. The mindset issue is still gonna be there, but the more action you take, the quieter and quieter is that voice gonna get at the back of your head.” SUMMARY OF BUSINESS:Ascent Equity Group is a nationally focused real estate investment firm that seeks to acquire cash-flow and tax-efficient opportunities that allow our investors to grow and preserve wealth outside the stock market. Ascent Equity Group is built by doctors, for doctors. With decades of experience investing in projects covering single-family, multi-family, and mixed-use, we know all the ins and outs of introducing and onboarding new or experienced physicians to our portfolio. Our mission is to serve as a touchstone for our physicians and to give them the ability to passively invest and build returns while simultaneously shielding them from the day-to-day responsibilities of property management. ABOUT THE WESTSIDE INVESTORS NETWORK The Westside Investors Network is your community for investing knowledge for growth. For real estate professionals by real estate professionals. This show is focused on the next step in your career... investing, for those starting with nothing to multifamily syndication. The Westside Investors Network strives to bring knowledge and education to real estate professional that is seeking to gain more freedom in their life. The host AJ and Chris Shepard, are committed to sharing the wealth of knowledge that they have gained throughout the years to allow others the opportunity to learn and grow in their investing. They own Uptown Properties, a successful Property Management, and Brokerage Company. If you are interested in Property Management in the Portland Metro or Bend Metro Areas, please visit www.uptownpm.com. If you are interested in investing in multifamily syndication, please visit www.uptownsyndication.com. #realestateinvesting #passiveincome #REinvesting #cashflow #MultiFamily #PropertyManagement #RealEstateSyndication #Doctors #Physicians #DoctorsHelpingDoctors # Podcaster #NestEgg #AscentEquity #PassiveInvesting #DoctorDads #FinancialIndependence #MedicalProfessionals #OnelineCourseCreator #Entrepreneur #PassiveInvestors #WealthCreation #Apartments #ApartmentInvesting #newepisode #podcasting #RoadToFinancialFreedom #WIN #JointheWINpod #WestsideInvestorsNetwork CONNECT WITH PRANAY PARIKH: Website: https://ascentequitygroup.comFacebook: @AscentEquityGroup@PranayParikhInstagram: @AscentEquityGroupLinkedIn: @ascentequitygroup@Pranay ParikhPodcast: https://www.frommd.com CONNECT WITH US For more information about investing with AJ and Chris: · Uptown Syndication | https://www.uptownsyndication.com/ · LinkedIn | https://www.linkedin.com/company/71673294/admin/ For information on Portland Property Management: · Uptown Properties | http://www.uptownpm.com · Youtube | @UptownProperties Westside Investors Network · Website | https://www.westsideinvestorsnetwork.com/ · Twitter | https://twitter.com/WIN_pdx · Instagram | @westsideinvestorsnetwork · LinkedIn | https://www.linkedin.com/groups/13949165/ · Facebook | @WestsideInvestorsNetwork · Youtube | @WestsideInvestorsNetwork
How do you see and define yourself? A doctor? An engineer? A real estate investor? How about a doctor-artist? Or an engineer-poet-father? Or a real estate investor-podcaster-husband? We are an amalgamation of various aspects of ourselves that when taken together make up our self-identity. We are more than just one person, and diversifying our identity and embracing our different aspects can help us weather life's challenges and make us stronger. Dr. Pranay Parikh of Ascent Equity Group joins us in this episode to talk about diversifying our identity, not just our finances or investments. Dr. Pranay believes in pursuing other interests apart from our primary career, as it can lead to personal growth and fulfillment. He reflects on his personal journey from challenges in medical school to finding success in an unexpected area - real estate investing. Dr. Pranay also talks about overcoming mental barriers, his company's efforts to uphold its values and partnerships, and their constant refinement of growth strategies. Listen now and gain a well-rounded perspective on challenges and setbacks and achieving success and fulfillment in both your personal and professional pursuits. Key Points from This Episode: Dr. Pranay talks about his backstory, his education, and his early career in medicine. How did setbacks in his medical career push Dr. Pranay to pursue real estate investing? Dr. Pranay discusses the types of diversification in a person's life and why they are crucial to achieving success in one's career, business, or life in general. How did income or investment diversification allow Dr. Pranay to protect and grow his assets and finances and help him weather economic downturns? How did diversifying his identity help Dr. Pranay broaden his knowledge and skills, do more, and achieve more? What advice would Dr. Pranay give to his younger self given his past experiences? Dr. Pranay'd advice on being creative in finding ways to add value to your organization as an intrapreneur. The origin story of Ascent Equity Group What strategies and structures did Dr. Pranay's team employ to scale the company's portfolio? What is Dr. Pranay's outlook for Ascent Equity Group's future plans and growth? What core beliefs have been critical to Dr. Pranay's success? What mental barriers did Pranay have to overcome to achieve high performance in his various endeavors? Dr. Pranay answers the Rare Air Questionnaire. Tweetables: “Diversify your job, your investments, and your identity.” “There's no cutting corners. We'll do it the hard way as long as it makes life better.” “Inside your company, intrapreneurship is a great way to be successful.” “One of the best skills you can have in life is how to Google things well or how to look up things well.” “We do things that are outside of our comfort zone and we'll choose the one that's best for our tenants and our investors even if it's more work for ourselves.” Links Mentioned: From MD To Entrepreneur Podcast Ascent Equity Group Dr. Pranay Parikh on LinkedIn Elevate Podcast Episode 102 with Seth Godin Elevate Podcast Episode 156 with Greg McKeown Elevate Podcast Episode 171 with Dr. Vasu Kakarlapudi The ONE Thing by Gary Keller and Jay Papasan Influence: The Psychology of Persuasion by Dr. Robert Cialdini The Dictionary of Obscure Sorrows by John Koenig Bird by Bird: Some Instructions on Writing and Life by Anne Lamott Invest with CF Capital About Dr. Pranay Parikh Dr. Pranay Parikh is a medical doctor, serial entrepreneur, online course creator, and podcast host. His unconventional journey to medicine helped him learn the skills to excel in entrepreneurship. He's helped launch a 7-figure online course on passive real estate, buy over $150 million in real estate, and help hundreds of physicians launch their own businesses. He helps doctors invest passively in real estate through the Ascent Equity Group.
When times are harder innovation happens. As for what that means to syndicators, it means we will see new innovative lending products and creative finance like assumable loans. Let's here what Pranay had to say! Dr. Pranay created the most amazing landing page for listeners of the Capital Raiser Podcast. Definitely check it out! crp.ascentequitygroup.com Get your videos produced at pitchdecks.com like the Capital Raiser Show. If you would like to find out more about Family Office Capital Raising events you can visit lnkd.in/gD6mJ5gp Book a call with Ruben at calendly.com/rlgreth
Pranay is a proponent of scaling with Massive partners as a part of a scaling business model and using fund of funds while avoiding deal operations as much as possible by instead managing your own security (fund). Lets talk about conservative deals and preservation of capital too and diversification of risk! Dr. Pranay created the most amazing landing page for listeners of the Capital Raiser Podcast. Definitely check it out! crp.ascentequitygroup.com Get your videos produced at pitchdecks.com like the Capital Raiser Show. If you would like to find out more about Family Office Capital Raising events you can visit lnkd.in/gD6mJ5gp Book a call with Ruben at calendly.com/rlgreth
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