A Quote by Chanda Kochhar
We believe that rural India is going to be the next driver of growth. You cannot make money overnight there, as you have to set up infrastructure there; the value of transactions is lower - you need a few years before you can really make all those businesses profitable.
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Targeted marketing delivers a lower customer acquisition cost and gets you to profitable growth faster. The goal is to quickly identify the costs associated with acquiring your most profitable segment of customers and the incremental value - if any - of going beyond your core.
We believe infrastructure is key to economic growth, and we will do what we can to develop infrastructure in India.
So many businesses get worried about looking like they might make a mistake, they become afraid to take any risk. Companies are set up so that people judge each other on failure. I am not going to get fired if we have a bad year. Or a bad five years. I don’t have to worry about making things look good if they’re not. I can actually set up the company to create value.
I realized some time ago that, while there are really, really high quality schools in urban India - my daughter attends one - there are very few high quality schools in rural India. And that is mostly because of the perception that there are not enough people to pay a reasonable fee in rural India.
I like the concept of 'Make in India'. But the orientation of 'Make in India' is slightly different than what I would. So, the orientation of Make in India is big business, and a lot of it is defence. My orientation of 'Make in India' would be small and medium businesses.
We cannot, with good conscience, expect the British to set up an orderly schedule for the liberation of India before we have decided for ourselves to make all who live in America free.
I am proud of my country. But we need to unite to make a unified India, free of communalism and casteism. We need to build India into a land of equal opportunity for all. We can be a truly great nation if we set our sights high and deliver to the people the fruits of continued growth, prosperity and equal opportunity.
India did not innovate with the ATMs. But when we brought ATMs into India and made the machines talk in 15 regional languages to the people in rural India, we got millions of transactions on the ATM.
We didn't set out to make some polemic about life in the digital age, I can only react emotionally to story ideas. You hear an idea and you go, 'That's cool. I can see spending a few years of my life working on that.' As a filmmaker, you approach it like, 'OK. They're going to give you all this money to make this movie. It's like an electric train set you get to play with.'
The next level of mass consumption - and India is known for its consumption story - is really going to come from consumption in the rural areas. So that's going to throw up a lot of unique opportunities.
I never really wear any make-up on my face, like foundation or anything - and I really wouldn't advise that you leave that on your skin at night - but I do often leave on my eye make-up overnight. I actually prefer it the next day; it looks more worn-in.
Growth isn't central at all, because I'm trying to run this company as if it's going to be here a hundred years from now. And if you take where we are today and add 15% growth, like public companies need to have for their stock to stay up in value, I'd be a multi-trillion-dollar company in 40 years. Which is impossible, of course.
I came into politics partly because I want to be able to reduce taxes so that individuals have more of their money to spend, so that businesses have more of their money to create jobs, but I believe that lower taxes are sustainable when you get the public finances in order, so I will only make promises I can keep on taxation.
...the mass media. What are they? They're huge corporations, massive corporations, linked up with even bigger corporations. They sell audiences to other businesses, namely advertisers. So when you turn on the television set, CBS doesn't make any money. They make money from the advertisers. You're the product that they're selling, and the same is true of the daily newspaper. They're huge corporations, selling audiences, potential consumers, to other businesses, all linked up closely to the government, especially the big media. What picture of the world do you expect them to present?
Banks can send big corporate payments through existing channels or send a small payment through Ripple. They don't have to rip out existing infrastructure; they can use Ripple to make the transactions more profitable or more efficient.
Economic theory dictates that the value of a company is basically the present value of its future profits. To estimate Facebook's value through its future profits, we need to have a view on its user growth and how this will evolve in the next 10 to 50 years.
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