Editor's letter: May It Trickle Down
“To handle yourself, use your head; to handle others, use your heart.” — Eleanor Roosevelt
True leadership requires a great deal of emotional intelligence. It is a quality seen in most forward-thinking leaders, who we celebrate in our segment on the 40 top most influential young leaders.
Talent and people skills were some of the major change agents in the year gone by. The pandemic caused largescale disruption and a lot of businesses suffered major losses and many got shuttered as well. We believe, however, that a true entrepreneur looks for opportunities and makes something out of a crisis too. In keeping with this belief, BW Disrupt celebrated some of the youngest minds whose ideas were not only path-breaking for their own businesses, but also in the sectors in which they operate and for the overall business landscape.
BW Businessworld recently organised the fourth edition of BW Disrupt40 under 40 Awards and Summit, an exhaustive jury-led process, which led to the list of the 40 most influential young leaders of the year. We have profiled these young leaders so that you may get to know them better.
This issue of BW Businessworld also brings to you features and analyses of the Union budget. Massive increases in budget allocations for many sectors by Union Finance Minister Nirmala Sitharaman has given the country hope of an economic recovery after the torturous year India went through. The finance minister has proposed increasing the government’s capital expenditure to Rs 5.54 trillion in FY 2022. The healthcare sector has welcomed a 137 per cent increase in allocation over the last financial year. The Railway ministry also got a 53 per cent increase in allocation for capital expenditure to enable it to create assets and more jobs as it does so.
As the finance minister said on television, she had “spent, spent and spent”. Perhaps, as many do point out in the expert views we carry in the magazine, she could have offered some relief to battered segments of the economy like tourism, hospitality and the MSMEs. Let us hope that the largesse of a whopping increase in public spending will trickle down to the rest of the economy too and haul it out of its Covid-driven stupor.
Apart from features and analyses on the budget, we also brings to you the regular columns you look forward to. We hope you enjoy reading this issue as much as we did putting it together.
