Entrepreneurship week

It appears that this is a global entrepreneurship week with various exciting events happening all over the world. To name a few are Stanford's Entrepreneurship Week and National Entrepreneurship Network (NEN) in India.

TeamAsha 5k/10k run/walk on 18th March, 2007

There is going to be a 5k/10k run/walk on 18th March, 2007 at Shoreline, Mountain View, CA. Cover charge is 25 bucks and one will get a Asha t-shirt and a goodies bag. Please register yourself at: http://sv.teamasha.org/5k

Will India's growth story continue ?

Among many of the ubiquitous Indian growth related stories, this one from Economist does a good job at reminding the basic economics fundamentals, which the Indian growth story is completely ignoring. So, whats wrong when Infosys is growing at an amazing YoY rate of 40-50%, or when Tata Steel has aquired UK based Corus group for US$11.3 billion. The Economist puts it as:

The economy is displaying alarming symptoms of overheating. This implies that demand is outpacing supply and hence the pace of growth is unsustainable. Despite lower oil prices, wholesale-price inflation has risen to 6%, which is above the 5.5% upper limit set by the Reserve Bank of India (RBI). India does not have a single rate of consumer-price inflation, but the crude average of the rates for industrial, non-manual and agricultural workers is above 7%. Capacity utilisation is higher than at any time in the past decade and severe skill shortages have caused wages to rocket.
The RBI is also concerned about a credit boom. Bank lending to firms and households has expanded by 30% over the past year. Lending on commercial property is up by 84% and home mortgages by 32%. Asset prices look bubbly. After rising more than fourfold over the past four years, India's stockmarket is one of the emerging world's most expensive, with a price-earnings ratio of more than 20. House prices in many big cities have more than doubled over the past two years.
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While the real outcome is yet to be seen, I agree that without proper reforms in infrastructure, public services and labor laws, the Indian growth story is imminent to an abrupt halt, leave alone slowing down.