Since independence, we have had revolutions across the entire spectrum of colors. The list starts from black revolution (petroleum), continues with grey (fertilizers), brown (leather, cocoa), blue (fish), yellow (oil seed), green (agriculture), red (meat, tomato), pink (onions, prawn), golden (overall horticulture, honey, fruit), golden fiber (jute), silver (egg), silver fiber (cotton), and ends with white (dairy, milk). Each one of these revolutions promoted awareness and spurred production level to varied degrees of success. Today, the appalling situation of an average farmer, with meager income and continued dependence on weather conditions, merits the requirement of another agricultural revolution- probably related towards mechanization. As a ray of hope, such a revolution is quietly coming around.
With much fanfare and hype, India’s Prime Minister Narendra Modi announced the approval of building a high-speed rail line connecting Ahmedabad and Mumbai in 2015. But in a country where the Aam Admi still faces long queues at ticket counters and travels in shoddily maintained general and sleeper class coaches, is this Bullet Train dream a realistic one? And do we have enough funds to spare for this futuristic project when there are numerous other avenues to focus on? For example India spends one of the lowest amounts (as a % of GDP) on healthcare across the world. So, shouldn’t we focus on these areas first?
Reliance Jio, formerly known as Infotel Broadband Services Private Limited (IBSPL), announced its plans in June 2015 to provide 4G services on a pan-India level using Long Term Evolution (LTE). After a series of delays and beta launches, the firm launched its commercial services on 05 September, 2016.
So what is special about this firm? All companies go through the same process. The answer to this question lies in the way Reliance Jio came into existence and offered never-heard-of tariff levels to its subscribers.