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Mr Kanoria is the Past President, FICCI. He was FICCI President for the year 2012.
Tête-à-Tête with R V Kanoria
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From my point of view there is no world in the economic dictionary of India called economic recession . The population In India is 120 crore , As per CIA WORLD FACE BOOK The poplulation density of Australia is 2.81 & of India is 361.75 (2010figure) The total no of people in 1 km radius is equal to no of people in 128 km radius in Australia.
I want to prove it by an example of mobile hand set .
In Australia to sell 100 pieces of mobile a co has to cater the market of 100 k m where as in India the same sets can be sold in just 1 km radius . To sell these 100 units mobile handsets co require 100 people who are ready to buy along with sufficient money in their pocket. Now Ist we take Australia ,In Australia if co wants to sell more products than co has to create more demand as co can’t add more no of buyers (population is limited) so it has to target existing users of mobile sets by providing new feature handset to the existing customers , where as in India there is no shortage of buyers the only thing which is missing is money in their pocket ,
By this example I want to say that to increase demand of Industrial products there is no need to look buyer we just have to increase the earning leval of an individual .
Today govt want to abolish middleman, but these middlemen are potential customers also & if we are abolishing them ,means we are abolishing our customers .
e.g. removal of PPF agents ,we lost our 5 lakh customers, Today’s Airlines have also reduced agents means step forward to remove middle man ,this again will remove approx 4 lakh prospective customers from market .
Introduction of FDI will again remove approx 5 cr customers
Sir In short I can say that the only mantra to stop economic recession is we have to add more & more customers by any mean.