"Indian consumers are showing a propensity to save more as the immediate future seems uncertain," Doctor said. Porus Doctor, Partner and Consumer Industry Leader, DTTILLP, said that the first three months of 2022 have been an adventurous roller-coaster ride with Indians witnessing the third wave of COVID-19 (Omicron variant), leading to a surge in prices of everyday items and supply chain disruptions.1 “With corporate India returning to “business as usual” and travel restrictions gradually easing, Indians have resumed their business travels,” it added.Īccording to the report, about 83 per cent of consumers are likely to travel for business within the next three months.Įxpressing positive sentiments, the majority of the consumers have stated that they are optimistic about their financial situations within the next three years as workplaces are opening and COVID-19 cases are decreasing. "The analysis indicates a ray of positivity amongst consumers, who are now cautiously balancing their happiness and spending and saving more for the future," the report further said. Some sources that I have used and would recommend:īad Boy Billionaires on Scam 1992: The Harshad Mehta Story on SonyLiv platformĭisclaimer: This article reflects my thoughts on the particular subject and derives inspiration from sources cited above.“The consumers surveyed are planning to spend a large share of their wallets on personal care and clothing, recreation, entertainment and leisure travel, followed by electronics and home furnishings and restaurants,” the report said. Assess the risk and return before investing. The optimism about India’s economic recovery remains intact and is expected to be the fastest-growing economy. If you are an investor, my 2 cents are as follows:ġ. We believe these risks are not strong enough to deny India an economic rebound given the domestic demand potential, services export opportunities, and its emergence as an attractive investment destination in the manufacturing space. Once, you recognize these, it’s easy to choose between being a Cautious Optimist or a Positive Pessimist or both. So, in order to make the right decisions, it is important to know which category you belong to, i.e. On the other hand, if you just think about the worst, you are more likely to spend all the time just planning and not doing. Both of these things are equally important: If you just hope for the best and ignore the risks, you are more likely to fall without a safety net to catch you.
It’s called “Hope for the best, plan for the worst scenario”. One is not supposed to climb unless they have the proper gear/ safety nets. In any industry, safety is of paramount importance. As we look ahead to the likelihood of continued economic recovery, an appropriate balance within our investments allows us to maintain our cautious optimism. Safety managers, Auditors and security personnel tend to be more pessimistic.īut, what is the right balance? Let me introduce you to two phrases in the urban dictionary, which might actually be oxymoronic:Ĭautious Optimism and Positive Pessimism. You might have heard phrases like “it’s not sustainable”, “doomed to fail”, “it’s impossible”, etc.Īnd if you question any of these beliefs, you are likely to get responses such as “you’re not being pragmatic”, “you’re ignoring the doomsday scenario”, etc. On the other hand we have pessimists who think negatively about all situations. While growing up we have all heard phrases like “nothing is impossible”, “just give it your 110%”, “all your dreams will come true”, etc.Īnd if you question any of these beliefs, you are likely to get responses such as “you’re such a buzzkill”, “look at the bright side”, “you are so negative”, etc.Ī positive attitude is often based on faith and emotion, and anyone who points out practical deficiencies and obstacles is seen as lacking in the right stuff*įund managers, sales representatives and stockholders tend to be more optimistic. I have lost all purely optimistic readers at this point because they think that this topic isn’t even up for a debate. One of the key things is maintaining a sense of youthful optimism in terms of the fact that you can make a difference, Hoffman counsels. The unending debate on glass half empty v/s half full. As a result of regulation and the investment banks’ diminished desire for risk-taking, liquidity conditions in bond markets have become problematic, and this tends to exaggerate price. It sparked my thinking on Optimism v/s Pessimism. So our recommendations at this time are a bit of a balancing act, as suggested by the title of this article.
I have been watching some debatable content recently- Scam 1992, Bad Boy Billionaires, the Big Short, etc.
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