India is a country with a rich cultural heritage and a fast-growing population and economy. However, it still faces a enormous challenge of poverty. According to the World Bank, in 2018, about 44.8% of India’s population lived below the international poverty line of $1.90 per day. Those are the most up-to-fate figures since India
Breaking the cycle of poverty requires addressing the root causes of poverty and providing individuals and communities with the resources they need to build better lives. One of the most effective ways to do this is by creating sustainable jobs that provide stable employment opportunities and access to the resources needed to build assets and
In 2019, about half of American households had no savings in retirement accounts, according to the Survey of Consumer Finances (SCF). These accounts include individual retirement accounts; Keogh accounts; certain employer-sponsored accounts, such as 401(k), 403(b), thrift savings accounts; and pensions.
Personal saving has grown more important as
Businesses can play a crucial role in addressing poverty issues in the USA and throughout the world by implementing strategies that promote economic and social equity. Business needs to be part of the equation of alleviating poverty. Ask any one who is struggling financially what would improve their situation and the answer will usually
Poverty is most often assessed using objective measures such as absolute and relative income levels. However, different individuals may experience different levels of financial stress at the same income level. Studies have found that the perception of income is only moderately correlated with actual income level and that it is the perception itself that relates
Corey Rosen, Founder, National Center for Employee Ownership
Johnny’s Pizza House is a chain of 38 company-owned pizza and eleven franchise restaurants in Louisiana, Arkansas, and Mississippi. Johnny’s employees don’t just serve up slices—they get a slice of the company too. Johhny’s is 100% owned by its almost 1,000 employees though an Employee Stock Ownership Plan
It is a well-known fact that India’s economy faced a drastic blow during the COVID-19 initiated lockdowns. While this led to unemployment across various sectors, informal vocations, due to a lack of documentation and formal agreements, faced the brunt of this unemployment. This was further exacerbated for the female workforce, since they were shouldering responsibilities
As has been explored in earlier articles on this blog, there are numerous obstacles – political, social, and structural – that prevent the integration of women into the Indian economy on equitable terms and footing with their male counterparts. These issues are deeply rooted in the Indian economy and society more broadly, and addressing them
India is a country where gender inequality has been a crucial issue for generations. Starting at a very young age, girls face a variety of barriers that contribute to unequal economic and educational opportunities. The empowerment of women, both through education of girls and employment of women, has a direct impact on the Indian economy.
John Hoffmire: I find it fascinating that you have been both an entrepreneur and an intrapreneur in the field of digital media. You’ve started companies from scratch, and you created new business enterprises within a multinational corporation. Tell me about your journey from start-up entrepreneur to a GroupM intrapreneur.
Tushar: In many ways, there is not
John Hoffmire: I remember when I met you at Oxford in 2015, feeling like you and I had similar interests and unusual career tracks that bounced us back and forth between working to alleviate poverty, management consulting, and public policy. Am I right about the unusual career paths?
Param: I’ve always been interested in both development
John Hoffmire: Kasturi, you have covered multiple fields in your work life so far. Tell me about your professional journey, if you will.
Kasturi: That’s right, John. In my professional journey spanning more than two decades I have worked in multiple capacities – conducting research, advisory, advocacy, teaching, academic administration, and community service. My journey has
Here is a case study that aims to explore the efforts of a small start-up company, whose unique solutions are being deployed in the fight against COVID-19, with encouraging results. Using innovative technology and local volunteer networks, they have set out to identify the medical needs of local care providers, while reducing the effects of
John Hoffmire: You’ve had an interesting career that spans mechanical engineering, the transportation sector, and cultural preservation. That’s an unusual mix. I’d love to learn more about how that came about?
Vinita: I don’t see it as such an unusual mix. I’ve always had a love for the Indian railroads. You see, a railway isn’t just tracks and
John Hoffmire: You are an increasingly rare entity in management these days — you’ve stayed with the same company for nearly 20 years. Tell me about your work with Bharat Heavy Electricals and why you’ve felt comfortable staying there for so long.
Sanghamitra: You are right, I’ve been with Bharat Heavy Electricals Limited (BHEL) for a
John Hoffmire: I met you when you were a scholar in the Chevening Research Science and Innovation Leadership Programme (CRISP) at Oxford in 2016. If I remember right, you were creating a plan for a more effective cruise industry in India at the time. I believe that was the assignment you had taken on for
John Hoffmire: Big congratulations, Siddharth, on your recent appointment as the Managing Director for Pearson-India & Asia. It has been a few years since you were a CRISP (Chevening Research Science and Innovation Leadership Programme) Fellow at Oxford in 2013. Tell us what you have been up to over the years.
Siddharth: Thank you, John. When
Actis Capital
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Rishika Jay Prakash – Director
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William F. McCalpin, Managing Partner, Impact Investments
Bill & Melinda Gates Foundation Strategic Investment Fund
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John Hoffmire: Like so many CRISP scholars, you’ve had an interesting journey including everything from being a research engineer to managing two successful venture capital funds you co-founded. Tell me how your career has taken shape.
Shyam: For me personally, it began back in 2001 when I got an opportunity to be part of a nanomaterials
John Hoffmire: I always like to start an interview by asking for a broad brushstroke picture of a career. Will you tell me about yours?
Shailesh: A British friend described my career as poacher-turned-gamekeeper-turned-poacher. After my MBA in 1986 I worked in project finance and investment banking with ICICI for four years in Bombay, as it
