Sanjaya Baru Quotes


Few disagree with the view that the 21st century will witness the return of Asia to the centrestage of global economic activity.


Citations

Baru, Sanjaya. Strategic Consequences of India's Economic Performance. Academic Foundation, 2006.

Related Quotes

Large financial companies insist on profits at regular intervals and predictability whereas the innovative companies do not do well trying to meet those conditions and spending their time with the large finance company. While large financial companies were important to finance companies on the latter part of the 20th century, it was the smaller finance companies who financed most of the very important start-ups. By the 21st century, companies like Google and Facebook, made their own public stock offerings bypassing the financial industry. Many other smaller companies were financed via crowd sourcing which also bypasses the financial industry. His point is that the large successful companies can get the funds the need for growth without large finance companies. Smaller firms and startups can (and do) obtain funds through small finance firms or direct private investment. The large finance companies not only inhibit innovative growth he warns but they become such a dominant and controlling force that the industry becomes too big to fail, and the failure of a single large finance company could destroy the entire country’s economy. It happened to Island when their largest bank failed, and to the United States in the Meltdown of 2008.


Sanjaya Baru
Sanjaya Baru
  • Born:
  • Nationality: Indian
  • Profession: Public Servant

Sanjaya Baru is a political commentator and policy analyst. He served as Secretary General of the Federation of Indian Chambers of Commerce and Industry from May 2004 until August 2008. He has also served as associate editor at The Economic Times and The Times of India, and then chief editor at Business Standard. His father B. P. R. Vithal was Finance and Planning Secretary during Dr. Manmohan Singh's tenure as Secretary of Finance in the Government of India.