Mainstream Impact Investment

The Age of the City…Rural Migration has Reshaped India’s Real Estate Markets

By Affordable Housing, COVID-19, Housing Need, India, Mainstream Impact Investment, Modular Construction, News, Real Estate Markets

Increased levels of urbanisation in India (and elsewhere) are both an opportunity and a challenge: we have to learn to build homes better, faster and smarter, which is why Modular Construction is becoming so important: It will be a key part of addressing homelessness across the globe.

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Planned Sustainability: The Reserve Bank of India is Building for Growth

By COVID-19, Economic Growth, Environmental Policy, India, Mainstream Impact Investment, News, Sustainable Growth

In both senses of the word, ESG stands for Environmental, Social and Governance accountability: it means investing in sustainability, securing higher than average investor returns and working with a focus on long term outcomes, and right now it’s trending through the roof: well worth paying attention to. Over the past two years a staggering 84% of equity fund investment has been channelled into ESG platforms. And in case you’re wondering what that looks like, it’s a whopping $15.1 Billion according to the Calastone Global Investor Report: in other words, considerably more than the UK Government committed last summer to its COVID stimulus programme. Eat out to Help Out had its moment in the sun, but ESG is here to stay: it means planning for the long term, and building for growth… responsibly.

That’s why in the last four months of last year (at the height of the COVID pandemic, in case we can possibly forget), aggregate investment into ESG Funds was more than the rest of 2019 and 2020 combined. So investors are well aware of what the future requires…it needs ESG, and in increasing numbers those investors voting with their feet (and their wallets).

So what’s so important about ESG?

Well, for a start, it’s about the importance of evaluating corporate behaviour to predict future performance. Compliant businesses are more resilient and robust in the long term, and that means looking closely at issues like sustainability, ethical compliance and (yes) corporate governance, as well as carbon footprint and accountability: score high on any or all of those and you score low on investment risk. In other words, according to the Financial Analysts Guide to ESG Investing for Professionals, systematically considering ESG issues will lead to more complete investment analyses and better-informed investment decisions.”  There you are, you heard it here first, or second if you’ve already been on

And wholly unsurprisingly, none of this has been lost on the Reserve Bank of India: with the subcontinent emerging as a key destination for ESG investment, Central Bankers in Mumbai are all too well aware that India is vulnerable to the threats posed by climate change (just think back to the Amphan “Super Cyclone’ that hit the country last May): so they’ve been pulling out the stops to keep business at the forefront of environmental and corporate best practice, and that’s not by any means a recent development.

The Central Bank released its first ESG Circular as long ago as 2008, which acted as a pathfinder for better connectivity between previously competing financial, social and environmental imperatives: raising awareness of the need for greater corporate responsibility and long term sustainable development. Since then, it has pressed remorselessly to demand improved accountability across India’s Capital Markets, providing much needed support for a series of important Green Bond issues.

In 2012 the Securities and Exchange Board of India required the subcontinent’s 100 largest companies (by market capitalisation) to publish Business Responsibility Reports (“BPR”) in parallel with annual reporting obligations, and since 2016 the number of companies complying with these requirements has increased from 500 to 1000: 70% of them independently auditing their BPR reports, and five going further by signing up to the Reserve Bank’s Principles for Responsible Investment.

India is also the world’s second biggest emerging Green Bonds Market: since the first issuance by Yes Bank in 2015, an aggregate of $7.2 Billion has been raised by the end of last year, most of it going to fund renewable energy projects. International Green Bond issues are also increasingly popular on the subcontinent, regularly oversubscribed and with higher than average coupon rates. And with the current scarcity of good news stories, that’s certainly a reason for the Reserve Bank of India to give itself a well-earned pat on the back.

Mainstream Impact Investment is the leading model for ESG investment strategies across the globe: recognising, as it does, that robust and compliant businesses are better placed for long-term success. And that’s the model Red Ribbon Asset Management has adopted for more than a decade: securing higher than average rate investor returns, and looking after the planet in the process.

All of which means that it’s time, more than time, to look to the future…


Sustainable investment strategies aren’t just a green wash for corporate filings: for our precious planet they’re a matter of life and death, and in these turbulent times we have to act quickly to make all our futures more secure.

 Invest in Red Ribbon Asset Management 

Red Ribbon is committed to identifying and building on investment opportunities that are fully in compliance with its core Planet, People, Profit policy: not only offering above market rate returns for investors but also protecting our Natural Capital.

If you would like to know more about joining our Mainstream Impact Investment journey click here

Bubble or Boom…Bitcoin goes through the roof, but what does it mean for the Global Economy?

By COVID-19, Economic Growth, India, Mainstream Impact Investment, News

In three short months, four hundred years ago, a single tulip bulb (called a Switzer) rose in price by 1,200%, selling for 5,000 Guilders: the same price as a family home in Amsterdam. Madness? Undoubtedly…assuming it hadn’t flowered in the meantime, the same bulb was worth just 8 Guilders three months later. So you won’t see us doing that again…but wait, on 4 February this year (in a single day) the value of Dogecoin increased by 50%, and six days later it had risen by a further 300%: all because Elon Musk (the self styled “Technoking”) tweeted on 4 February that “Dogecoin is the people’s crypto…no highs no lows, only Doge”. Like Bananacoin and Ponzicoin (I’m not making those up), Dogecoin started out in 2013 as a joke, and today it has a market capitalisation of $7.4 Billion: so what does that tell us about cryptocurrencies?

And, more to the point, what does it tell us about Bitcoin, which certainly isn’t a joke and whose market price also hit a record high this week: is that a bubble or a boom…and should we be reaching for the tulip catalogue?

After all, when it comes to Bitcoin, we’ve been here before.

Market Volatility

Between January and March of 2018, Bitcoin fell in value by 80% on the MVIS CryptoCompare Index (, to less than $4,000: by November last year it was back up to an all time high of more than $19,000, surging to $34,792.47 by 3 January, crashing 17% the next day, and then soaring to $40,000 five days later: now it stands at $56,056. Calling that volatile is like calling Donald Trump unrealistic…but in fact there’s more to the data than meets the eye.

Bitcoin and Blockchain

Bitcoin was the world’s first cryptocurrency, created to function as digital (non fiat, non government backed) money, and like its real world counterpart it has many of the virtues of reliability and trustworthiness you can expect in conventional currencies: strictly controlled circulation, security and convertibility. But most importantly, unlike cash, Bitcoin has the potential to replace financial intermediaries, because it is inextricably bound up with the future of decentralised ledger markets…Blockchain. Just think about that for a moment: Blockchain can directly connect a buyer with a seller, safely and securely, and without the need for investment banks (or any banks for that matter) to broker the deal. The cost of the transaction falls at a stroke by up to 20%. Cross border trade is quicker and less expensive (no brokers taking their cut) and transactions in land are more transparent and cheaper (less for the lawyers to do). The list is virtually endless…and the cold, hard fact for fiat currencies is you can’t spend cash on a decentralised ledger (not least because the internet doesn’t have a till). You need cryptocurrencies…you need Bitcoin.

So, bearing in mind economic orthodoxy defines a speculative bubble as a deviation from fundamental value, the question we have to ask is what the fundamental value of Bitcoin is, and whether there is actually any significant deviation from that value in light of recent price movements. We can answer those questions easily: the fundamental value of Bitcoin is Blockchain (see above), and all those volatile movements in Bitcoin’s price over the last three years are in fact closely linked to the progressive opening up of Blockchain as a key innovator across international markets.


First of all there’s the issue of regulation: across the globe regulators have been notoriously wary of assuming oversight for decentralised ledger markets, and Bitcoin in particular. After briefly flirting with the idea, the US Federal Reserve pulled away from full regulation in 2018, and the Reserve Bank of India went so far as to prohibit cryptocurrency transactions altogether in April 2018. As a result the fundamental value of Blockchain decreased (consumers are rightly wary of dealing in unregulated markets), and the value of Bitcoin fell with it…that’s the reason for the 80% fall in 2018 (see above again). There wasn’t a bubble at all, in fact there was a close correlation in cryptocurrency pricing and the underlying value of Blockchain markets. It was all about regulation (or the lack of it).

But then fast forward to the surge in Bitcoin’s value last year. That came in the aftermath of the Indian Supreme Court reversing the cryptocurrency ban in March 2020 (, in addition to which Prime Minister Modi’s Government had by then introduced a “sandbox” programme as a prelude to full Blockchain regulation (not to mention adopting several Blockchain initiatives itself). When the world’s fastest growing large economy speaks, the world listens, and regulation was back on the cards. Add to that a move by US Regulators to consult on crypto regulation last December as a prelude to new enabling legislation ( the fundamental value of Blockchain strengthened as a result and Bitcoin rose with it.

No bubble there then…

A New World Order

And, of course, since March of last year we’ve had a series of COVID related lockdowns across the world: international commerce moved increasingly online, Jeff Bezos made a few more billions and Blockchain was back centre stage. A quantum leap that most analysts thought would take a decade or more had happened within a year. The fundamental value of Blockchain increased, Bitcoin rose price from November, and its made steady progress ever since.

So this isn’t a bubble at all: the fundamentals are fully in line with market perceptions…and you can leave the tulip catalogue in the cupboard…

Red Ribbon Asset Management

Red Ribbon Asset Management ( is constantly searching for new ways to apply emerging technologies, including Blockchain, AI and Data Analytics, to achieve its MII objectives of optimal environmental and social impact consistent with above market rate returns: steadfastly committed to enhance customer experience through intelligent adoption of mainstream impact investment strategies.

Executive Overview

It’s fascinating to track the correlation between Blockchain and Bitcoin back over three years, and if nothing else the relationship between the two teaches us that it always pays to keep your eye on the bigger picture.

 Invest in Red Ribbon Asset Management 

Red Ribbon is committed to identifying and building on investment opportunities that are fully in compliance with its core Planet, People, Profit policy: not only offering above market rate returns for investors but also protecting our Natural Capital.

If you would like to know more about joining our Mainstream Impact Investment journey click here

Sitting at the Planet’s Heart, India is set to deliver new Supply Systems and Distributive Technologies…The Economic Revolution starts here, right now

By COVID-19, Emerging Technologies, India, Mainstream Impact Investment, News

When Donald Trump told us, as he did a lot, that he was the greatest President in the history of the United States and a Genius into the bargain, we listened (to put it mildly) with some scepticism: quite a lot of scepticism actually. Who knows, however unlikely it seemed, he might have been right, but a palpable lack of any grip on reality made it all seem so much bluster and nonsense: not worth listening to. When Jeff Bezos tells us, on the other hand, that this is going to be India’s Century, it’s worth sitting up and paying attention …because, unlike Donald Trump, Jeff Bezos knows what he’s talking about. He knows that right here, right now tectonic economic change is taking place in India, and it’s nothing short of a revolution.

Under his leadership, Amazon had identified the subcontinent as a global powerhouse as long ago as 2013, and since then the company has invested $6.5 Billion in India (dramatically putting it’s money where Mr Bezos’ mouth is): because, like most informed commentators, Mr Bezos can see the roots of tectonic change unfolding, and he couldn’t be more enthusiastic about it’s raw potential: “I predict that the 21st century is going to be the Indian Century. The dynamism, the energy… everywhere I go here, I meet people who are working in self-improvement and growth. This country has something special”.

So what exactly has he seen, and what does it all mean?

Indian Retail Markets are Moving Online

Well, for a start, India has a $1.2 Trillion Retail Market, only 7% of which is currently online: driven by the ferocious consumer appetite of what will shortly be the most populous country on the planet: increasingly middle class, increasingly urbanised and more tech aware than ever. And now, on top of all that, the Fourth Industrial Revolution ( has re-energised levels of online invention on the subcontinent, lifting it to third place in World rankings for capacity to attract investment in technology and opening up unprecedented potential for the future. All of which means that 7% figure is set to soar, and Amazon is eager to snap up its share of the remaining 93%, which accounts for its $6.5 Billion investment so far. From a base of $18 Billion in 2018, online commerce in India is now expected to grow to $200 Billion by 2028. So if ever there was a coiled spring…this is it.

Amazon, though, is facing some pretty stiff competition

Walmart bought Flipkart for $16 Billion in 2018 and Reliance owned JioMart is projected by Goldman Sachs to secure a 50% share of India’s lucrative online grocery market by 2024 ( Competitive, exponential growth is on the cards.

But it’s not just about retail …

Amazon is also investing in Indian Education (through the Amazon Academy (, Digital Payment Systems, Video and Music Streaming as well as new infrastructure for delivery of food (watch out JioMart); and (Lord knows we need it) Medicines, with a new Amazon Pharmacy platform.

Sitting at the Heart of the World

India sits at the Heart of the World’s Supply Systems and Distributive Technologies, and Jeff Bezos knows that too. Last year he announced Amazon would invest a further $1 billion to support ten million traders and micro, small, and medium enterprises on the subcontinent, driving forward an expected $10 Billion in additional exports within the next four years: not to mention a further 1 Million jobs, which will inevitably further enhance that seismic demographic change still further and faster. Success, after all, tends to breed success…

So unlike Donald Trump, who now (so soon) already seems a distant memory, Jeff Bezos knows what he’s doing…this will be India’s Century.

Red Ribbon Asset Management ( has more than a decade’s experience of successfully investing in the subcontinent’s markets: delivering above market rate returns for investors whilst at the same time staying loyal and committed to its core values of Planet, People and Profit.

Executive Overview

We’re currently experiencing a radical restructuring of the world’s supply infrastructure. Those changes are set to put India at the very heart of a global revolution that will change the way we all do business.

 Invest in Red Ribbon Asset Management 

Red Ribbon is committed to identifying and building on investment opportunities that are fully in compliance with its core Planet, People, Profit policy: not only offering above market rate returns for investors but also protecting our Natural Capital.

If you would like to know more about joining our Mainstream Impact Investment journey click here

As the World Moves Forward, AI and Machine Learning have changed everything: quicker and more profoundly every day…So get ready for Tomorrow

By COVID-19, Emerging Technologies, Mainstream Impact Investment, News

Suddenly, almost in a heartbeat, Artificial Intelligence is changing our World: what seemed impossible a few short months ago is now possible…and not just possible, AI has become an everyday part of our workaday lives. And we’re not just talking about teenagers here, stuck in their rooms and locked to their mobile phones: emerging technologies have radically reshaped global commerce at every level of society. University students in lockdown can expect to have their exam papers assessed by AI predictive technologies, and their online tutoring is already driven by AI (forget Gavin Williamson, the future’s in the box). Retailers are using AI to improve customer engagement (goodbye call centres, hello Chatbots), Banks are using AI to reduce credit card fraud and your Uber driver uses it to get you home. Robotics powered by AI are delivering vaccines along hospital corridors as you read this, using real time updates to avoid obstacles and trollies along the way. When you apply for your next job, your application will be reviewed by AI. It’s everywhere…and it’s big business.

According to the influential market research agency Tractica (, global AI is expected to generate an astonishing $118 Billion annually by 2025: 37% of companies have already implemented AI in one form or another, and the percentage of businesses using AI has grown by 270% in the last four years…95% of customer interactions will be driven by AI within five years.

Deep Learning

Deep Learning is a key part of that process: from speech recognition to machine translation, language processing to vaccine design, deep learning technologies have matched and often exceeded expert human performance. And “deep” really does mean deep here, reconciling multiple layers within any given network and finding connections and links where there weren’t any before. Its why you can get a ticket for speeding when there isn’t a policeman within three miles…its why Google send you all those annoying “recommendations” for wedding rings when you announce your engagement on Facebook. 

And combined with the increasing traction of Deep Learning, the pull of Big Data and powerful Graphic Processing Units (or GPU’s to the over initiated) has placed the whole system into overdrive.

As John Smith, Manager of Multimedia and Vision at IBM Research ( put it: “We’re seeing deep learning have a huge new impact, whether it’s in speech or vision or some problem in natural language processing. This is going to continue for some time”. 

You can say that again…

Doing New Things

So whenever a business wants to introduce a new way of doing things, whenever we need a new design solution, making the complex simple and turning commercial ambitions into a reality…that’s where you’ll find Artificial Intelligence (however scarce or otherwise the commodity might be in Gavin Williamson’s Office at the moment). In a world where anything can (and does) change so rapidly, you need an algorithm that allows for and anticipates change.

Machine based learning is part of the process, so we’d better get used to it: self-driving cars and speeding tickets by post…Get ready for tomorrow.

Executive Overview

AI and Machine Learning have had a huge impact on our lives over recent months: changing the way we all live, work and do business. It is, indeed, time to get ready for tomorrow…

 Invest in Red Ribbon Asset Management 

Red Ribbon is committed to identifying and building on investment opportunities that are fully in compliance with its core Planet, People, Profit policy: not only offering above market rate returns for investors but also protecting our Natural Capital.

If you would like to know more about joining our Mainstream Impact Investment journey click here

There’s Nothing New under the Sun…Modular Construction meets the Needs of Public Infrastructure

By Construction Technologies, COVID-19, Mainstream Impact Investment, Modular Construction, News, Productivity

In the Nineteenth Century our forebears used a wood based search engine, called a Catalogue: and, in the days before Amazon, it was surprising what you could get. Farmers in New Zealand (and anywhere else for that matter) could buy a Church in a crate from Isaac Dixon & Co, whose 1896 catalogue offered to box it all up, ship it over (in as little as four months (the Amazon Prime of its day)), and drop it off for collection “at your local railway station”. A top of the range, 500 seat church cost £875 in new money, but you had to dig your own foundations: and if you wanted lights and heat that was an extra £70.  For the more ambitious, you could also buy a School in a crate, a Clubhouse (gin and tonic extra) and even a Billiard Hall (cues and balls included)…all boxed up and delivered to your local station platform.

So there’s nothing new about prefabricating public infrastructure…its all about public need.

Schools and Hospitals

A hundred years ago colonists scattered across the British Empire didn’t have much if anything by way of local builders, never mind materials to build with, but they still needed Schools and Hospitals (perhaps not Billiard Halls but, hey, everyone needs a hobby): and today Public Infrastructure Projects have rarely been so important, think Nightingale Hospitals, COVID Vaccination Facilities and Schools. But, with such unprecedented public pressures currently created by the COVID pandemic, how can we hope to deliver to those needs at the pace required? 

Just Imagine you could construct a fully functioning Intensive Care Unit inside a month. It’s not science fiction… it’s science fact. Modular construction has never been so important as it is now… Building on more than a hundred years’ experience.

Facing up to the Future

Working through the Crown Commercial Service ( the UK Government has now introduced a Modular Building Service to provide public sector bodies with facilities to buy or lease pre-designed, pre-fabricated and ready to install modular buildings: everything from Schoolrooms to Hospital Wards as well as Housing, Defence Installations, Commercial Units and Retail Shops. So-called “Framework Prices” are fixed for two years with design minima to help ensure high product quality. Social value and sustainability are important too: customers can ask suppliers to tailor the product to match their individual priorities.

Just like other Governments and private construction companies across the globe, the UK is waking up (again) to the full potential of Modular Construction: a ready-made and more effective alternative to costly and drawn out traditional building techniques.

Low Cost, High Quality

Public Buildings and Facilities created using advanced Modular systems are 30% lower in price than conventional equivalents, delivering space, people and technology at the core of the asset itself: with added inbuilt digital technologies, think life support systems in those new Nightingale Hospitals put together in less than a month. And Modular Construction also typically re-uses 80% of its components, which fits in perfectly with the demands of the Circular Economy ( prolonging the useful lifespan of materials by combining modularity with durability and reducing embodied energy. 

Executive Overview

To secure the public services we all need in these difficult times, we have to learn to build better, faster and smarter: and that has inevitably increased reliance on Modular Construction technologies by public bodies across the planet. The latest UK design initiative is just part of a much larger process.

Find out more about Modulex

This image has an empty alt attribute; its file name is Modulex-Logo-300x77.jpg

Modulex is setting up the world’s largest steel modular buildings factory based in India. It was established by Red Ribbon to harness the full potential of fast-evolving technologies and deliver at pace to meet the evolving needs of the community.

If you would like to know more about joining our Mainstream Impact Investment journey click here

A Distribution Hub for the World… India will be a Global Focus for Change as we emerge from COVID

By Emerging Technologies, India, Mainstream Impact Investment, News

As the Subcontinent emerges from lockdown, it is also spearheading a long term, tectonic change in the way the World does business. For the last decade (at least) China has been the leading distribution hub for global commerce, but with COVID’s suffocating grip gradually relaxing, India is set to challenge that primacy. Even before COVID, this was increasingly apparent but, as with so much else, the pandemic has accelerated the pace of change: forcing manufactures to shake off their dependence on China and seek out more secure and resilient supply chains. No surprises there. In the light of international restrictions that saw container traffic backing up from Felixstowe to San Francisco, they had no choice. And their search for a solution has now trained an unremitting spotlight on India. So it’s time to come to terms with the future…it’s time for China Plus One.

India and China: Macroeconomic Trends

But first, to understand the macro economic factors at play here, it’s worth stepping back for a moment and looking at the drivers for long-term change beyond COVID: let’s take a look at historic patterns of trade between the Subcontinent and China, and what they mean for India’s economy.

By 2019 India was importing a staggering $70 Billion worth of goods and services from China (double the figure from ten years previously); much of it sourced from products manufactured in India, exported to China for assembly and then re-imported back as part of a complex supply structure. China was effectively acting as a magnet for domestic production because of its immense pool of skilled, low cost labour and advanced technology. But India was then pulling the finished products back home to meet the needs of a rapidly burgeoning and increasingly wealthy population: one of strongest consumer markets in the world. The result was a curious cross border “dog leg” of trade: cheaper to assemble in China, but ultimately corrosive of India’s ambition to build up its own home grown pool of skilled labour and technology. Taking more from China meant making less in India, and that had consequences. It’s why Prime Minister Modi’s Make in India Programme was launched in 2014 ( to encourage increased manufacturing at a domestic level, and since then the Subcontinent has seen its manufacturing output grow by 6.9% year on year.

That’s why the Subcontinent now has the ideal platform to create a dynamic centre of gravity for global trade…a new normal to flatten down the old dogleg.

India since 2010: a Powerhouse for Growth

GDP on the Subcontinent grew by an astonishing 257% in the period up to 2019. A significant relaxation of administrative restrictions reduced the lead-time for starting up a new business from 28.4 days in 2015 to just 18 days in 2019, and the value of Intelligence Enterprise Capital (think Bangalore and Chennai, basically Silicone Ghaatee) more than doubled to $39 Billion. And that demographic change we mentioned earlier matters too: India is now home to 18% of the world’s population, increasingly middle class, urbanised and hungry for new products: projected to become the world’s third largest consumer market within the next decade, spending $6 Trillion annually. India also has the second largest road network on the planet, the fourth largest rail network, more than 200 ports, the world’s third largest iron ore reserves and the largest reserves of copper and thorium (a key component of electronic devices, in case you’re wondering), as well as being home to more than 1,140 Research and Development Centres (Bangalore and Chennai again).

Making More and Selling More

So as businesses across the globe are looking for new, diversified sourcing and supply structures, India’s re-energised production capacity is perfectly placed to deliver a fuller, more diversified supply chain: that’s what China Plus 1 is all about, hedging against over dependence on a primary location (China) by seeking out territories with large, domestic markets and cost efficient production systems (India): enabling at one and the same time both a scaling up and opening up of new markets. In other words, selling more where you make it, and making more to sell elsewhere.

Nowhere on the planet ticks those boxes better than India.

CBRE ( has forecast India will reverse the current 13.3% /1.7% imbalance in its share of world exports with China, which would add $1 Trillion manufacturing gross value in the subcontinent by 2025. As Anshuman Magazine (Chairman and CEO (ISMEA) of CBRE) put it: “The lockdown restrictions will further propel the use of automation, robotics and digitised operations in warehouses and increase the use of e-commerce channels to move India forward…market dynamics will change”.

He couldn’t be more right…

Executive Overview

COVID changed everything, but it accelerated change too: and right now we’re seeing a radical restructuring of the world’s supply infrastructure. Those changes are set to put India at the very heart of a global revolution that will change the way we all do business. I can’t wait to see what happens next…

 Invest in Red Ribbon Asset Management 

Ribbon Asset Management has more than a decade’s experience of successfully investing in the subcontinent’s markets: delivering above market rate returns for investors whilst at the same time staying loyal and committed to its core values of Planet, People and Profit.

If you would like to know more about joining our Mainstream Impact Investment journey click here

2021 is Blockchain’s Year … Starting here and right now, with Emerging Technologies in India

By Emerging Technologies, India, Mainstream Impact Investment, News

We can already see the future…According to Accenture’s Technology Vision Consumer Survey (, 52% of us now have a daily dependency on technology, and we spend an average of 6.4 hours a day locked to our screens and phones: over the course of a lifetime that’s 21 years four months, which is nearly as long as we spend sleeping.

And, unsurprisingly, this trend has been turbo charged by the disruptions of COVID. Over the course of ten short months in 2020, Digital Technologies advanced by a decade, which didn’t just make it harder to tear teenagers away from their iPhones (although it did that too): unprecedented times have also profoundly changed the way we do business, intensifying digitisation of global supply chains and innovating a slew of new products and services. Think Zoom, Amazon and Netflix. 

So emerging technologies in India are no longer an optional extra to reduce costs: according to McKinsey ( they have become a “critical component” of businesses and economies across the world… McKinsey are right, and at the heart of this maelstrom of change India has become a trailblazer in the Brave New World of innovation.

Emerging Technologies in India – AI For All

The subcontinent launched its “AI for All” Strategy as long ago as 2018 (, recognising the key stake the fastest growing large economy in the world has in the AI revolution as well as the seismic potential of AI itself to transform economies across the planet. The programme sets out a solid foundation for research and development in emerging technologies, a basis for creation of a successful AI ecosystem and a collaborative network of experts and stakeholders across all four corners of India. 

All of which has started to bear fruit in the intervening three years.

In Bangalore (predictably) AI enabled technology has been developed to screen for early signs of breast cancer; hospitals in Tamil Nadu are using Machine Learning algorithms to scan for diabetic retinopathy as a response to a local shortage of ophthalmic specialists and, COVID again, MyGov ( has been using an AI enabled Chatbot to enhance communications across the countrywide Citizen Engagement Platform.

In collaboration with businesses and service providers, Machine Learning and AI are giving key insights to help predict user events and future behaviour: disease prevention becomes better (immeasurably better) by tapping into lifestyle decisions and core demographic features.

The subcontinent also now has AI based solutions in crucial water management strategies, crop insurance and pest control: using image recognition drones and intelligent monitoring of irrigation systems to increase yields and improve harvest quality, so India’s rural poor can expect to benefit immeasurably. ICRISAT ( has developed an AI based power sowing app that can increase yields by up to 30%.

And that’s not all…


A Joint Report issued last month by the World Economic Forum and Chainlink found Blockchain has the power to “unlock the hidden values of legacy digital systems” and highlighted in particular the success of India’s Crop Insurance Scheme: providing coverage and financial support for farmers affected by natural disasters, Blockchain is enabling greater scheme transparency and accountability, as well as essential security of information. Smart Contracts have become a ready-made answer to age-old problems, and that’s not something that’s been lost on the Indian Government.

Earlier in 2020 the National Institution for Transforming India (a Government body) released its report examining the role and potential of Blockchain across a full spectrum of public activities, including commerce, social engagement and public sector initiatives. The paper seems set to have the same impact on the future of Blockchain (not just in India but worldwide) as “AI for All” had on Machine Learning and Artificial Intelligence.

A Vital Agent for Change

So all in all, this looks like being Blockchain’s year and it’s starting up: not just because emerging technologies in India do things faster there and more reliably, but because they are a vital agent for change…rethinking and reimagining our future across the board.

Executive Overview

There are times when the World suddenly takes a new direction, and that’s true too in the uncertain times we’re living through at the moment: emerging technologies are rapidly evolving to change the way we all live, work and do business.

 Invest in Red Ribbon Asset Management 

Red Ribbon is committed to identifying and building on investment opportunities that are fully in compliance with its core Planet, People, Profit policy: not only offering above market rate returns for investors but also protecting our Natural Capital.

If you would like to know more about joining our Mainstream Impact Investment journey click here

All Set and Ready to Lead…India will be at the Head of the Pack for Post-COVID Growth

By COVID-19, Housing Need, India, Mainstream Impact Investment, News

In last month’s Asia 2021 Outlook (, Nomura forecast a 9.9% growth in Indian GDP by the end of 2021: that’s more than China (9%), and way more than the UK (5.5%) and the United States (4.7%), all of which are running off historically low recovery platforms as a result of the Pandemic.

The UK’s forecast, for example, may be the highest since the 1980’s, but according to the Office for Budget Responsibility (“OBR”) the economy will not return to pre-Pandemic levels until the last quarter of 2022. Investors would do well to remember that even a dead cat bounces…

On the other hand, India is expected to go on to deliver GDP growth of 11.9% by the first quarter of 2022, far higher than pre-Pandemic levels.

None of which should come as any surprise.

Post-COVID Growth

Before COVID gripped its chill hand on economies across the planet, GDP on the subcontinent was growing at a rate of 5.02% annually, barely half of the figure now being forecast by Nomura for the coming year. So unlike the UK there’s certainly something more than bouncing back at work here. Just look at the underlying data…in the second quarter alone, Nomura expects Indian GDP to grow by 32.4%, which means the so-called “base effect” of COVID will be completely eliminated on the subcontinent within six months (as opposed to two years in the UK).

Ten years ago the comparable (World Bank) figure for growth on the subcontinent was 8.5%, and in 2016 it was 8.26% ( So the latest Nomura forecast is well within the parameters of an already established, upwards growth trajectory. In fact, at 9.9%, it even foreshadows a sharp(ish) upwards tick over the near term.

And once again, that can be usefully contrasted with comparable trends for the UK economy over the same period. In 2010 GDP grew in the UK by 1.95%, but by 2016 it had fallen back to 1.92%. And before COVID struck, it had fallen back again to 1.41%. That’s why even on the basis of the latest OBR data (, any UK recovery will still be two years behind India, heading for a downturn on what are already historically low figures. There’s no sign of an upward tick any time soon in the UK, sharp(ish) or otherwise.

So what’s the reason for those stark differences, and what does COVID have to do with it?

Well, there are three key indicators.

First of all, the UK has built up a staggering Budget Deficit of £394 Billion for the year to March 2021: struggling to balance massive recovery spending with dwindling tax receipts.

As a whole, UK national debt currently exceeds £2 Trillion, which is more than 100% of GDP, and its expected to stay that way for at least the next five years. Putting it mildly, none of this is a healthy foundation for future economic growth.

But even allowing for post COVID growth and recovery programmes on the subcontinent and an unprecedented level of public infrastructure spending, India’s deficit is only 17.9% of projected GDP (less than a fifth of the UK figure), so it has vastly more headroom for growth.

And then, secondly, there’s that tried and trusted bellwether of growth: Inflation.

As Keynes once said, there’s no inflation in a junkyard: upward pressure on prices is usually a reliable indicator of healthy levels of consumer demand, and demand is a significant driver for growth.

In 2020 the UK inflation rate slumped to 0.3%, which is the lowest level on record. And there’s a double whammy too: as the economic strictures of COVID are eased, inflation is likely to rise with a parallel increase in interest rates: so it’s not a good time to be holding £2 Trillion in debt (see above). On the other hand, inflation on the subcontinent is currently 4.95%, which is slightly higher (but not disturbingly so) than the midpoint 4% target maintained by the Reserve Bank of India since 2016, and in turn that reflects a robust level of consumer demand as a result of a burgeoning, increasingly wealthy and product hungry population.

And then, finally, there’s Housing: an Englishman’s home isn’t just his castle, over the years it’s been a pretty good investment too.

Despite the shocks of COVID and the worst recession for three hundred years, house prices in the UK rose to a six-year high at the end of 2020, which speaks to a certain confidence in the future…or does it? Across the board, analysts in the UK are now predicting a sharp decline in house prices.

Halifax (the country’s biggest mortgage lender) expects a fall of between 2% and 5% over the coming year, and the OBR is even more of a Cassandra: forecasting an 8% drop in prices during 2021. That’s certainly not a trend reflected on the subcontinent…house prices are going through the roof from Mumbai to Chennai.

So with strong fundamentals in Housing, Monetary and Macro Economic policy, India seems all set for further growth; and despite the fact that the traumatic impact of COVID must induce a necessary caution into any forward looking analysis, there’s little reason to doubt Nomura’s figures. After all, history has given us the compelling lesson of Spanish Flu: a hundred years ago we were also socially distancing, wearing masks and watching fearfully as old certainties crumbled away. But within two years global economies had bounced back with a vengeance… there’s no reason to doubt that they can (and will) do it again.

Expect India to be at the head of the pack when they do.

Executive Overview

The World has come a long way since March 2020, and we’ve learned a lot of lessons along the way: but with effective vaccines now on the horizon, and signs of economic recovery emerging across the Planet, it’s time to look to the future. All of the data now suggests India will be playing a leading part.

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Red Ribbon

At Red Ribbon we understand that the transition towards a resilient global economy will be led by well-governed businesses in mainstream markets, striving to reduce the environmental impact of their production processes on society at large and on the environment as well.