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...It’s hardly a surprise to see people of all ages hailing an Ola or an Uber to get them across town. The dramatic growth of such services coincided with the profusion of smartphones across diverse segments of age and income. The phenomenon of “sharing” assets is however, not confined to urban India. Mahindra and Mahindra Ltd (M&M), the well-known maker of transportation equipment, sensed a large untapped opportunity in India’s vast countryside. Only around 15% of India’s 120 million farmers used mechanical equipment because they either could not afford to buy it or because renting options are too difficult. So M&M created Trringo, a sharing platform that allows farmers to rent agricultural equipment. Farmers can book equipment through smartphones or Trringo call centres, which have agents fluent in several local languages. ...Live Mint on Nov. 22, 2017, 1:10 a.m.
...AFP In India, as in other parts of the world, people have grown accustomed to the benefits of globalization. Access to global products, transformation of consumer and business technologies, and falling barriers to trade and travel have redefined life over the last 20-30 years. That “phase” of globalization appears to be over. The dominant narrative now in political circles, corporate boardrooms and the mainstream media is that nationalism and protectionism are on the rise, and globalization is in retreat. It is true that nationalism and protectionism are on the rise; however, drawing from Mark Twain, we believe that “the reports of [globalization’s] death are greatly exaggerated”. How else do we understand the number of travellers crossing international borders since 2005 increasing annually by around half, to 1.2 billion, of which only a small fraction are refugees? ...Live Mint on Sept. 21, 2017, 11:30 p.m.
...These two seemingly conflicting narratives of the world, the geopolitical and the digital, have fundamentally transformed the half century old model of globalisation. This dichotomy is further influenced by the seemingly opposing geopolitical approach of the two leading economic powers, US and China. While the United States has overturned its late 20th century policy as the champion of open borders and global trade and is embracing economic nationalism as a bargaining lever to achieve its objective of ‘fair trade’, China is pushing a new geopolitical order with its One Belt One Road initiative. ...TOI on June 16, 2017, 2 a.m.