Which businesses will define the current decade?
E-commerce is the only obvious candidate, but is still unprofitable, and given the economics of the business, unlikely to turn profitable anytime soon
This decade—we are three years from its end—will be different from the 1990s and 2000s in India. Both those decades saw the economy expand sharply in the middle years, before slowing towards the end. That mid-decade bump has, unfortunately, been absent in the 2010s. There are good reasons why that did not happen—some have to do with India, some with the rest of the world—but for the purpose of this column it is adequate to just say that it did not happen.