Business lessons from streets of india CAN SAVE US
The unorganized, "informal" industry as we call it, contributes to almost 50% of India's GDP and employs close to 90% of our country's workforce and outperforms tier 1 business, usually corporations in which we aspire to work, in most metrics in business. A part of India, that we usually don't recognize as a formal industry and in many reports and management schools what we call as marginalized industry, business we take for granted and don't even look at them, street businesses, local industries, actually have a viable profitable business model that outperforms major corporations in almost every business metrics and yet does not get it's deserved acknowledgment. There is always a big celebration whenever FDI inflows come in but as a matter of fact FDI inflows have never exceed more than 7% of India's GDP, ever. Let me show you how this street sector actually achieve such level of performance - with innovation and perseverance in many more ...