👀 The Week At A Glance
This week we talked about two interesting startups, the ruble's rollercoaster ride and the government's plans to control inflation.
We started off this week by looking at the possibility of India becoming the world’s factory and ended it with a look at an interesting Shark Tank-featured startup. Catch up with all this and more in just 5 minutes.
🤔 Can India Become the World’s Factory?
China has long had the coveted title of being the world’s factory. Almost every other product now has a ‘Made in China’ label. But companies are now looking to quit China due to a number of geopolitical reasons. Here’s why India could possibly take its place in the global economy.
😮 Why is Profitable Metro Exiting India?
Metro is one of India’s oldest wholesale distributors and also the only profitable one. But it has decided that it now wants to leave India to continue to be profitable. Here’s why it was compelled to make this decision.
📈 Russian Ruble’s Rollercoaster Ride
The Russian ruble was really struggling at the beginning of the year, falling to an all-time low, thanks to the various sanctions levelled against Russia for its attack on Ukraine. But it has suddenly pulled an Uno reverse and gone from the worst-performing currency of the world to the best-performing currency of the world. Here’s how it managed to do it.
🗼 The Real Reason India Doesn’t Have 5G
India is talking about launching 5G for a long time now. And we really need it to make sure we don’t keep reconnecting on those Zoom calls. But what is stopping our 5G plans from becoming reality? ReadOn to find out.
🐶 Decoding the Problems of India’s Pet Care Market
Indians are adopting pets at a record rate. And while that’s great news for our furry friends the problem is a lot of us don’t know what’s right and what’s wrong for them. On top of that, the Indian market also faces a major dearth of quality products. Here’s how one startup, Posh Puppy, is trying to make a difference in this Rs. 8,000 crore market.
🥣 India’s Breakfast Habits Could Be Costing Us Billions
Indians love having breakfast king style. While this king style breakfast is tasty, it is unhealthy. It leads to major problems like obesity, diabetes and hypertension which end up costing us billions every year. Here’s how Shark Tank-featured startup Alpino is trying to solve this by offering tasty and nutritious breakfast items made for the Indian crowd.
Want to know more about the company’s plans, its Shark Tank journey and how it differentiates itself from competitors? Join our AMA session with Chetan Kanani, co-founder at Alpino, on May 30 (Monday) at 7 pm.
🗞 Here's What Else Moved the Markets and Made the News
👉🏻 The way we consume content has undergone a major change, thanks to the advent of multiple streaming services. That’s why both INOX and Netflix are rethinking their strategies. While INOX is launching a new monetisation pipeline in the form of merchandise (from Disney, Warner Bros. and IPL), Netflix is tapping into India’s Southern industry by launching six new Tamil and Telegu shows. Yes, it is banking on using the same strategy that our TV channels have been using for years now. But will these strategies work out?
👉🏻 India's overall fintech market is set to be worth $1.3tn by 2025. But it is mostly unregulated. This is a major concern as some fintechs are taking advantage to steal customer data and commit frauds. RBI is now trying to take action against this by shutting down 5 NBFCs associated with giving fraud loans and harassing customers. But this is not enough. So, it is set to launch new rules to regulate this entire space. But with the fintech space being so huge and varied, will the RBI manage to regulate it entirely?
👉🏻 India's inflation rate is at an 8-year high, making life difficult for us. And the government is trying to make the situation better. How? By reducing excise duty (the tax you have to pay on goods produced in India) on fuel. It is also taking steps like removing import duties on raw materials used for making steel. What's more, the government is also planning on spending Rs. 26 lakh crores to bring down costs for us. This money will go towards subsidising fertilisers and further reducing fuel prices. But we'll have to borrow a lot of money (~Rs. 14.31 lakh crores), which could increase our budget deficit.
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