The Ledger
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Berlia: Large corporations lobby for regulation to block new competitors
“Once you reach a certain size, you are highly incentivized to stop new entrants from coming in. And the only way to do that, and particularly in a democracy, is to do state capture, is to work very closely with governments, parrot what they're saying, and then…”
Berlia: India's addressable market for value products caps at 40 million
“These are people that if you're creating a value-added product, Beyond bottom of the pyramid, you have an addressable, easy market around about forty million. After forty million, you start to hit price points, which have to be very, very good, and, you know, …”
Berlia: Post-reform entrepreneurship has made India a more equal society
“You have an impressive amount of entrepreneurship that's come up, and I think it's created a much more equal society.”
Berlia: First country issuing usable digital currency wins rapid market share
“The first country that gets out of widely used digital currency that a lot of the world can adopt for personal consumption, trade, and stability, Is going to take up rapid, rapid market share.”
Berlia: Only four or five global economies have digital currency credibility
“I think there are only maybe four or five economies in the world that have the credibility To really put out something that a vast majority of the world would want to use.”
Berlia: US could easily cut drug approvals to one or two years
“I think if the government puts its mind to it, if it really prioritize it, I don't know about six months now, But I think they could convert three to five years easily to about a year or two and really accelerate the pace of this innovation.”
Berlia: India remains 20 to 30 years behind US innovation leadership
“And principally because we have great tech coming out of China, India's catching up, but we're at 2030 years away. But if you're looking at coming to solve some of the greatest problems faced by humanity, it is still led by America, America's university system…”
Berlia: Centralized regulation historically stifled Indian educational innovation
“Education in India was still very much top-down. So the government told you what you could teach in the classroom. You had a, you had centralized authorities that would set the curriculum for the entire country, and no matter what your context, you had to lear…”
Berlia: Reforming India's top-down education system will take five to 10 years
“I think they're trying to change that. It's going to take them five years. I think they scared a lot of people by changing the policy, but it's a democracy. It's going to take five to 10 years.”
Berlia: Selling cheap generic drugs to Americans takes 5 to 15 years
“If you wanted to sell generic dark drugs very cheaply to US consumers, the way the current structure it, you have to have a five to 10 to 15 year timeline or horizon to make it happen.”
Berlia: Over 70% of countries have China as their primary trade partner
“It's, I think something like 70 or 80% of the countries have China as their primary trading partner, right?”
Berlia: Russia has backed India on every UN Council vote for decades
“Every, every vote at the UN Council, Russia's backed India to the hilt for decades, consistently so, right?”
Berlia: India's historical license system granted monopolies and restricted entrepreneurship
“It was sort of engineered to make sure that a very small number of people succeed very well, but not allow a lot of people to be entrepreneurs. There was a license system. You could go to the government, and they would give you a monopoly on a certain sector.”
Berlia: Every problem solved by Indian entrepreneurs is a problem at scale
“And the second thing for India, any problem is a problem at scale that you're trying to solve, right? I talked to my friends in Europe, and they're looking at a total addressable market, number of people they want to have an impact. The entire country's popula…”