A new Pepsi ad has coined the phrase ‘Youngistan’ by combining Young & Hindustan. The actor in the ad claims to be an alien from the planet Youngistan. However is Youngistan really a planet in outer space or is India and Youngistan one and the same? I say this as I can’t help but note that India is being totally customized for the young, rich and the healthy. I certainly don’t have anything against the Youngistanization of society. The young definitely should enjoy the prosperity and the growing disposable incomes of new India, but not by steadily ignoring other segments of society.
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The Share Market Bull Run Infection
Every few days, newspaper frontpages announce the Sensex’s march past another milestone, 10000, 15000, 20000 and so on. You have photos of brokers jumping for joy and quotes from experts. Business channel hosts are all smiles and it feels like it’s already Diwali. Media portrays the event as a big win for India.
Why the markets surge when nothing seems to have changed or why they crash suddenly is beyond the understanding of every expert, let alone a layman like me. There’s always some exotic reason put forward, like change in interest rates in Timbuktoo. However the fact is that no one knows. If the experts knew, wouldn’t they be making millions and then relaxing on a private island rather than giving tips on TV all day?