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Janmejaya Sinha

Articles by Janmejaya Sinha

A secure, efficient banking model for Global South

India’s mix of State-owned and private banks, reforms in the financial sector, the technology stack and credit bureaus can offer a more efficient template

Despite large-scale government bank ownership, the efficiency of the Indian financial sector improved markedly in the last decade. Financial reforms have been path-breaking. (Bharat Bhushan/Hindustan Times)

opinion

Published on Apr 27, 2023 06:30 PM IST

ByJanmejaya Sinha

The global demographic shift is an opportunity

There is a demographic transition towards aged populations underway in the world. Adaptation strategies will require governments, businesses and common people to make key adjustments. This may usher in a great opportunity for India

The search for young talent may give way to reskilling experienced employees. Company cultures will need to foster a lifelong learning mindset as working lives expand to 50 years. (Reuters)

opinion

Published on Feb 16, 2023 07:43 PM IST

ByJanmejaya Sinha

How the budget can spur India’s energy transition

There is no silver bullet to drive the green switch over. But India can take a few critical steps in the financial and economic sectors, such as priority lending to the renewable energy sector and increasing the nation’s share of nuclear power, to facilitate the net-zero target

A country with growing consumption will need all forms of energy. Sustainability will be driven by cleaner coal and refinery-efficiency improvement, expansion of the renewable energy sector and e-mobility proliferation (Shutterstock)

opinion

Updated on Jan 30, 2023 08:16 AM IST

ByJanmejaya Sinha and Kaustubh Verma

Public sector banks are sitting on a bonanza

An improved macroeconomic environment, the government’s policy push, and transformation efforts by public sector banks helped them post impressive results. Act on this opportunity

The CEOs of several PSBs have taken decisive action to improve their banks, investing in technology, processes, talent systems and governance. (Reuters)

opinion

Published on Nov 20, 2022 08:14 PM IST

ByJanmejaya Sinha, Ashish Garg

India is the best bet in the global economy

Major economies are facing headwinds. But India’s parameters are strong. Though rising global interest rates and high oil prices can still upset calculations, India can achieve success with some deft handling of the economy. Stay the course

ndia’s GDP is expected to grow at 7%, bank balance sheets are clean, credit growth has picked up, capacity utilisation has risen to over 70% and its relative overall debt-to-GDP ratio is manageable (Shutterstock)

opinion

Updated on Nov 07, 2022 08:03 PM IST

ByJanmejaya Sinha

A Centre-state pact to help India’s vulnerable

India turned 75 on August 15. It marked a moment of celebration but also of quiet reflection and planning. HT brings together India’s top minds with one question — what is your vision for India@100? Today, Janmejaya Sinha details his plan for India’s collaborative progress

India must become a country where all Indians can improve their lives. (Arun Sharma/HT Photo)

opinion

Published on Oct 13, 2022 07:49 PM IST

ByJanmejaya Sinha

Focus on the base of the pyramid

There are many Indias encapsulated in India. However, just in terms of per capita, there are three. While businesses will focus on the top two, the State must empower the last tier by providing water, health care, school education, and skills training

To be fair, the government has initiated many schemes for the poor. However, it must also continue strengthening delivery, using technological tools to ensure that the schemes reach their intended beneficiaries (Sanchit Khanna/HT PHOTO)

opinion

Updated on Aug 10, 2022 11:03 PM IST

ByJanmejaya Sinha

How to address the inflation challenge

The need of the hour is to control oil prices, both by buying oil cheaply from Russia and reducing taxes, continue with the divestment programme and accelerate spending on infrastructure

This is an important economic period for India. The medium-term augurs favourably for India’s growth prospects and even its place in the world. We must all work together to seize the opportunity (Shutterstock)

opinion

Updated on Jul 06, 2022 09:42 PM IST

ByJanmejaya Sinha

To get more women into the workforce, invest in crèches

If mothers had a safe place to leave their children, it would empower them to seek jobs easily. At the lower-income end, a clean space, with drinking water, toilets, and food can be beneficial

We will need high-quality and dependable personnel to manage these crèches, who are not to be confused with domestic help. (Shutterstock)

opinion

Published on Jun 01, 2022 06:58 PM IST

ByJanmejaya Sinha

Look back to look ahead: A foreign policy rethink

As the world order begins to change due to Russia’s war on Ukraine, India should work in its national interest and shift its arms purchases from Russia to the West

As Russia becomes a subaltern partner to China due to its miscalculations in Ukraine, India’s dependence on it for its arms supply will be risky. (AP)

opinion

Published on Apr 28, 2022 07:26 PM IST

ByJanmejaya Sinha

India@100: Plan to face the four big challenges

There are some inescapable trends that are affecting the world. The big four are: Demographics, climate, technology and geopolitics and reemergence of blocks

Jobs will continue to be India’s foremost need. Given the age of our workforce, I have often argued for education — school and adult and skilling (Bloomberg)

opinion

Updated on Mar 09, 2022 06:46 PM IST

ByJanmejaya Sinha

Budget 2022: A year to revive education

Bridge the learning gap that Covid has widened, invest in infrastructure, focus on well-being, and promote skilling and reskilling. This will boost long-term growth

Covid-19 has cost children two years of education in classrooms. It has also accentuated inequities, both economic and gendered. This is why we need to ensure greater female participation to address this gender gap. (Reuters)

budget

Published on Jan 24, 2022 08:41 PM IST

ByJanmejaya Sinha, Seema Bansal

An agenda to foster digital inclusion in India

The smartphone could be India’s weapon to improve economic productivity, attack pervasive inequality, and meet UN development goals

The first step is to provide access: Get all Indians a smartphone. The second step is to ensure connectivity to Indians in the remotest villages (HT PHOTO)

opinion

Updated on Dec 27, 2021 09:20 PM IST

ByJanmejaya Sinha

Techade: The reforms that India needs

Unless we get education and health right, we risk losing our demographic and competitive edge. “Techade” can be India’s moment. But we must seize it

In terms of government expenditure, we spend 5% on health and education combined. Most countries spend a multiple of what we do. A large proportion of our young population is unschooled and malnourished (PTI)

opinion

Updated on Dec 01, 2021 08:00 PM IST

ByJanmejaya Sinha

The story of public sector bank valuations

Markets discount State ownership. The government should boldly reduce its stake to 26% in five PSBs and privatise the other six public banks

opinion

Updated on Sep 06, 2021 07:07 PM IST

ByJanmejaya Sinha

Soft infrastructure, and a tablet for all, can catalyse India’s development

Addressing the digital divide, providing equal access to education, ensuring seamless health care delivery, water management, and unclogging the justice system should be prioritised in the next phase of reforms

The biggest enabling reform for the future has to be the JAM trinity — opening bank accounts for all Indian households, getting 1.2 billion Indians enrolled onto Aadhaar and getting almost all Indians a mobile phone (Hindustan Times)

opinion

Published on Jun 26, 2021 06:23 PM IST

ByJanmejaya Sinha

The priority sector lending India needs

Redefine what constitutes priority sector, expand scope for health care and education, and reconfigure loans into grants for the vulnerable

Converting some part of priority sector lending to a grant paid directly by the government can unlock large amounts of efficiency in the system, dramatically increase the valuation of public sector banks, and be of immense help to weaker segments (PTI)

opinion

Updated on May 30, 2021 05:49 PM IST

ByJanmejaya Sinha and Ruchin Goyal

The India-US tech partnership decade

US support enabled China’s high-growth trajectory. But the rift between the two offers India an opportunity

Technology, communications, and data play to our strengths. These are the areas redefining every industry and we have the technology talent; our standards will be closer to the US, and we have continental-size data. (REUTERS)

opinion

Updated on Mar 01, 2021 07:30 PM IST

ByJanmejaya Sinha

A budget for a ‘project finance economy’

FM Sitharaman broke free of taboos and bet on growth. Now, meet divestment targets and monitor outcomes

Union minister of finance Nirmala Sitharaman, New Delhi, February 1, 2021 (Ajay Aggarwal /HT PHOTO)

opinion

Updated on Feb 04, 2021 06:23 AM IST

ByJanmejaya Sinha

The working of a ‘project finance economy’

It is time to question neo-classical economic precepts on deficit and inflation for an economy of India’s nature

Project finance economies have different imperatives from working capital economies. They need investment to fill the gaps in their infrastructure and lack the resources to do so (Pratik Chorge/HT PHOTO)

analysis

Updated on Jan 22, 2021 06:19 AM IST

ByJanmejaya Sinha

The India moment in the $100-billion club

The shift in geo-economics opens up the possibility of an Indo-US tech partnership

It is worthwhile to appreciate the full achievement of TCS. In 2000, TCS was not a listed company. It was not even the segment leader in India. By 2010, its market cap had grown to a creditable $25 billion and it had become the segment leader in India(REUTERS)

analysis

Updated on Oct 22, 2020 06:31 AM IST

ByJanmejaya Sinha

Meritocracy is a myth. And that is not bad

A growing body of research in psychology and neuroscience suggests that believing in meritocracy makes people more selfish, less self-critical and even more prone to acting in discriminatory ways.

analysis

Updated on Aug 31, 2020 06:45 AM IST

ByJanmejaya Sinha

How India can come out of the recession stronger | Opinion

Enhance productivity; invest in skilling, digital infra, agriculture; and come up with a New Deal

Spending on infrastructure even by printing money will reduce transaction costs and raise productivity. As Benjamin Franklin said, “You may delay but time will not.”(PARWAZ KHAN/HTPHOTO)

analysis

Updated on Jun 08, 2020 10:21 PM IST

ByJanmejaya Sinha

The roots of the US-China rivalry | Opinion

The theatres of conflict include trade, geopolitics, technology, climate, and political values

An assertive China and an unpredictable US make geopolitics uncertain(AP)

analysis

Updated on Jan 22, 2020 07:33 PM IST

ByJanmejaya Sinha

The global variations in family business structures

Their concentration, nature and performance is different in the US, UK, Germany, Indonesia and India

When we examined how family-owned businesses are managed, another clear distinction became apparent. In developed countries like the US, UK and Germany, they are not often owner-managed(SHUTTERSTOCK)

analysis

Updated on Sep 29, 2019 08:12 PM IST

ByJanmejaya Sinha

In family businesses, identify issues and address discord

A family in business must have a vision and a governance structure to facilitate conversations on sensitive topics

The topics that can create contention in a family-owned business are not hard to anticipate — entry and exit from business, succession, dividend policy, capital allocation, role allocation among family members, performance evaluation and retirement(SHUTTERSTOCK)

analysis

Published on Sep 15, 2019 07:45 PM IST

ByJanmejaya Sinha

The art of dealing with conflict in family businesses

Prepare for conflict when relationships are smooth. Dispute suppression is the surest way to serious rift.

Family businesses are complicated because two strands intersect. What underpins a family is love, affection and equality of treatment. What underpins the business is hard metrics and financial performance. One is a meritocracy, the other is not(SHUTTERSTOCK)

columns

Published on Sep 01, 2019 06:03 PM IST

ByJanmejaya Sinha

Democracy or monarchy – which will family businesses choose?

Modern family businesses must decide if it is family first, or business first. They can then choose among various options to settle the future framework

Today, most of modern society draws from the ancient Greeks to define inheritance rules. It is now more common for estates to be split equally among siblings (regardless of gender). But this approach is not without its own challenges(Shutterstock)

analysis

Updated on Aug 18, 2019 06:06 PM IST

ByJanmejaya Sinha

The origin, evolution and growth of family businesses in India

Large family businesses have shown higher revenue growth and displayed an appetite for risk taking.

Some of the largest companies in India, for that matter the world, are family-owned and spread across industry and sector.(iSTOCK)

analysis

Published on Aug 05, 2019 07:52 AM IST

ByJanmejaya Sinha

What distinguishes family-run businesses and dynastic politics

Political families in a democracy do not have the advantage that those in business have. Here is why

Indira Gandhi with other members of the Nehru-Gandhi family. Is the logic of family predominance in politics and business the same? If not, what defines the difference?(HT Archives)

analysis

Published on Jul 21, 2019 06:19 PM IST

ByJanmejaya Sinha

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Janmejaya Sinha

India’s mix of State-owned and private banks, reforms in the financial sector, the technology stack and credit bureaus can offer a more efficient template

There is a demographic transition towards aged populations underway in the world. Adaptation strategies will require governments, businesses and common people to make key adjustments. This may usher in a great opportunity for India

There is no silver bullet to drive the green switch over. But India can take a few critical steps in the financial and economic sectors, such as priority lending to the renewable energy sector and increasing the nation’s share of nuclear power, to facilitate the net-zero target

An improved macroeconomic environment, the government’s policy push, and transformation efforts by public sector banks helped them post impressive results. Act on this opportunity

Major economies are facing headwinds. But India’s parameters are strong. Though rising global interest rates and high oil prices can still upset calculations, India can achieve success with some deft handling of the economy. Stay the course

India turned 75 on August 15. It marked a moment of celebration but also of quiet reflection and planning. HT brings together India’s top minds with one question — what is your vision for India@100? Today, Janmejaya Sinha details his plan for India’s collaborative progress

There are many Indias encapsulated in India. However, just in terms of per capita, there are three. While businesses will focus on the top two, the State must empower the last tier by providing water, health care, school education, and skills training

The need of the hour is to control oil prices, both by buying oil cheaply from Russia and reducing taxes, continue with the divestment programme and accelerate spending on infrastructure

If mothers had a safe place to leave their children, it would empower them to seek jobs easily. At the lower-income end, a clean space, with drinking water, toilets, and food can be beneficial

As the world order begins to change due to Russia’s war on Ukraine, India should work in its national interest and shift its arms purchases from Russia to the West

There are some inescapable trends that are affecting the world. The big four are: Demographics, climate, technology and geopolitics and reemergence of blocks

Bridge the learning gap that Covid has widened, invest in infrastructure, focus on well-being, and promote skilling and reskilling. This will boost long-term growth

The smartphone could be India’s weapon to improve economic productivity, attack pervasive inequality, and meet UN development goals

Unless we get education and health right, we risk losing our demographic and competitive edge. “Techade” can be India’s moment. But we must seize it

Markets discount State ownership. The government should boldly reduce its stake to 26% in five PSBs and privatise the other six public banks

Addressing the digital divide, providing equal access to education, ensuring seamless health care delivery, water management, and unclogging the justice system should be prioritised in the next phase of reforms

Redefine what constitutes priority sector, expand scope for health care and education, and reconfigure loans into grants for the vulnerable

US support enabled China’s high-growth trajectory. But the rift between the two offers India an opportunity

FM Sitharaman broke free of taboos and bet on growth. Now, meet divestment targets and monitor outcomes

It is time to question neo-classical economic precepts on deficit and inflation for an economy of India’s nature

The shift in geo-economics opens up the possibility of an Indo-US tech partnership

A growing body of research in psychology and neuroscience suggests that believing in meritocracy makes people more selfish, less self-critical and even more prone to acting in discriminatory ways.

Enhance productivity; invest in skilling, digital infra, agriculture; and come up with a New Deal

The theatres of conflict include trade, geopolitics, technology, climate, and political values

Their concentration, nature and performance is different in the US, UK, Germany, Indonesia and India

A family in business must have a vision and a governance structure to facilitate conversations on sensitive topics

Prepare for conflict when relationships are smooth. Dispute suppression is the surest way to serious rift.

Modern family businesses must decide if it is family first, or business first. They can then choose among various options to settle the future framework

Large family businesses have shown higher revenue growth and displayed an appetite for risk taking.

Political families in a democracy do not have the advantage that those in business have. Here is why

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