Editor's Picks - 21st century capitalism, From "labour arbitrage" to "intellectual arbitrage" & more..

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Welcome to 21st century capitalism! Indian startup captures the imagination of the Indian consumer. It grows rapidly, armed with billions of dollars of foreign capital. Eventually, large American retailer buys Indian startup. Demonetization and GST have hit Indian SMEs hard. Now it's election year and the government tries to take care of its disgruntled SME votebase through regulation that makes life difficult for American retailer (that has just invested billions to buy Indian startup). American retailer lobbies with the US government and the US puts pressure on India to not upset American retailer's plans. Deadlines get extended, giving time for companies involved to investigate legal workarounds and lobby further. Welcome to the world of 21st century capitalism, where the forces of globalization, democracy and politics collide like never before! Read TradeBriefs every day for startup advice! Advertisers of the day Columbia Business School: A Fintech, Digital & Analytics program for Leaders in Financial Services Purvanchal Projects Pvt Ltd: (Noida) Book Ready to Move in 3 BHK + Flats at Purvanchal Royal City Today Our advertisers help fund the daily operations of TradeBriefs. We request you to accept our promotional emails. The journey from "labour arbitrage" to "intellectual arbitrage" is not simple R Chandrasekharan of Cognizant says that the Indian IT sector needs to move from "labour artbitrage" to "intellectual arbitrage". This is easier said than done. Infosys (and other Indian IT majors) have long tried to build strategy (and operations) consulting practices, without much success. The idea is to partner with clients in a way where the clients rely on the consulting partner to tell them what to do, rather than simply implement what the client tells them to do. This requires a different business to be built with better strategic and client relationship skills and talent. In the short term, Indian IT can train its engineers and consultants in the next generation tech (AI, IoT, etc) in a way where implementation of these technologies is done better and faster. Eventually, a moving up of the value chain is inevitable, but if it's the Indian IT firms or the Accentures of the world (with a high degree of participation from Indian talent in those firms) that capture that pie remains to be seen. Get today's top stories here

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