Nice quotes

Got three good ones in a day from http://quotes4all.net/.

I have never met a man so ignorant that I couldn’t learn something from him.
Galileo Galilei

Simplicity is the ultimate sophistication.
— Leonardo da Vinci (1452-1519)

An atheist is a man who has no invisible means of support.
John Buchan

Liquidity for grabbing an opportunity!

Bloodbath at the stock market! Sensex sheds 619 points.
Realty drops with increasing interest rates!

How many times in the past hasn’t one despaired lack of liquidity? If you have felt this even once, it is reason enough for to say NO to the investment advisor who never ceases to give fantastic ideas to lock in your money all year long. In the process you might end up lossing money – but this loss is only in the short term he says. What about the age old tenet never loose money. Liquidity is key to leveraging on opportunities that come knocking every once in a while.

Violence!

Watching the TV yesterday with my 2 year old, I was taken aback by the amount of violence that makes into the News programs. Riots, lathi charges, angry mobs lynching criminals in the court, etc – visual evidence making it too easily into the TV programs. And the ubiquitous camera phones have made reporting even more visual.
No wonder I too prefer to read the newspaper back to front – sports/cartoons to page one items. And I definetely want to save my kid (as much as possible) from the unnecessary exposure to violence. But then, thatz the way the world is ..right? How long will one stay away from reality?

IT & Indian Economy

IT Services & Offshoring has done a tremendous job of putting brand India on the global map. In fact such a good job that the well being of India is very closely associated to IT services by many people. Ever so often, I am questioned about what will happen to the great Indian growth story if Indian IT exports dip?

Though the contribution of IT & ITeS (IT enabled Services) to the GDP* is increasing by the day, for 2005-06 this number was 4.8%. By 2007-08 this industry is expected to be contributing as much as 7%. It is interesting to note though that the industry has contributed up to 20 percent of the incremental GDP growth over the last 4-5 years.

As this article on the NASSCOM site explains, IT has had a much more diversified impact on the Indian economy than what the current contribution numbers indicate.

* The Indian economy is the fourth largest in the world as measured by Purchasing Power Parity.