Sethurathnam Ravi, popularly known as S Ravi pursued his Bachelor’s and Master’s degree in Commerce from Madhya Pradesh’s Durgavati University. His academics and talents led him to various job roles in the corporate world where he proved his worth. S Ravi, makes his views on startups and the Focused sectors in the current budget which he things would be addressed as key factors as we are into two years of pandemic.
S Ravi, makes his views on startups and the Focused sectors in the current budget which he things would be addressed as key factors as we are into two years of pandemic. The former BSE chairman S Ravi and the board member of many reputed companies, says that the startups should be very versatile in the current scenario. He says that any new company is unique in its own way but there is a segment in which they work. There is a beta factor or the risk factor in each segment. There are analytical tools to compare what other similar or not exactly similar, some of the peer groups would have done. So you can see what has been the failures of others, say S Ravi.
What can be the success story of others and how you can beat them, it can be done through very good artificial intelligence and data analytic way. That is what Ravi feels the key. If we peep into the fintech space, it is crowded but who’s going to succeed are those who have strong business model and who have learned from other people’s experience. Those who can make themselves unique in their own space can create glory. Now everyone is talking about cryptocurrency and many companies’ platforms but who is unique. So that uniqueness along with artificial intelligence and the path one has caliber-ate within themselves. One has to measure each stage and move forward and that’s the only way to success, says the experienced accountant.
Policy risk is perpetual. For example digital banking is one policy which is going to be introduced. If you need to succeed one has to evaluate where do they fit in such a perspective policy. In the crypto space Mr. Ravi saw a very unique thinking. A company said we are not platform or an exchange but we are a university. We will teach crypto. So there is no policy that is to drive a crypto university or a crypto education. This is a classic example where within the space you can find safe places where you can develop yourself. S Ravi also think it is a very important to have a reasonable forecast. We know where the global trends are moving. For example, crypto and gaming. The global trends are visible. Nowadays you see a 3 year old child or a 5 year old child now is interested in gaming. That’s where the trend going. One has to be very clear about the trends that are there the trade off. Also very clear about the direction which one has to take within the policy frame work and to know what is the policy that is going to come and where you need to be at that moment.
From his expertise, S Ravi tells that any policy in India takes 5 to 7 years. For example the insurance sector, till it did not open it was 24% then where it went so it takes that ten years period for a policy. One has to ride with that forecast and within that policy one has to workout the policy and we can take the risk back.
Mr. Ravi feels logistics is very important. It was very evident during the pandemic and how logistics has made a very important role in the whole space of supply chain. Another area which will also include is rural logistics. Ravi has seen a lot of push on the technology with agriculture that is soil testing and many other such things. And from a budget viewpoint he feel very strong focus will be on agriculture and semiconductor. But the most important thing, is the import substitution item. This needs to be encouraged and that is what he feel especially in the handicrafts and export sector because export of handicrafts and textile. Textile is the second largest employer today and have a very steep competition with Bangladesh, Vietnam and all these other countries. Inorder to put our footprints into the global market I think the textile exports needs to be promoted. And similarly agri exports need to be promoted. You have seen the importance of haldi in this pandemic and such organic food will play a big role in this budget and see a lot of thoughts coming into it.