Adi Godrej Quotes


Our expectation is that by 2050, which is a long time away, India will be the largest economy in the world, overtaking both the U.S. and China.


Citations

Godrej, Adi. Interview. "India Will Be the Largest Economy by 2050." Forbes India, Network18 Media, 24 Aug. 2012.

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Zhou , Deng and other Chinese senior leaders carefully studied failures of 200th Century Communist nation economies from Russia to North Korea, and observed the successes of not only the United States and Western Europe, but South= Korea and Thailand å well and decided to transform to a capitalist style market and competitive economy. Zhou organized a cruse on which they invited Western economists and political economists to advise on how to make the transformation. Th Chinese took many of the Western ideas, placed them into a Chinese context, added some ideas of their own and proceeded ahead with the largest and most seectaculkar economic transformation and development in World history.


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.


Adi Godrej
Adi Godrej
  • Born: April 3, 1942
  • Nationality: Indian
  • Profession: Chairman Godrej Group

Adi Burjorji Godrej is an Indian billionaire industrialist and businessman, head of the Godrej family, and chairman of the Godrej Group. As of October 2020, he has a net worth of US$2.3 billion.