Zerodha founder and CEO Nitin Kamath on Friday said that the only solution to the issues related to working in big cities is to keep many smaller cities at par with their economies. His remarks come amid talks over the floods in Bengaluru that have exposed the city’s infrastructure woes as big IT companies have sought to shift their offices to other locations.
“Most large Indian cities today were not built to handle the many people who live in them. Disasters are bound to continue. The only real solution was to replace many smaller cities with their economies,” Kamat said in a Twitter post that day. Have to put up with.” He added that more than 50 percent of Zerida’s workforce is living in smaller towns.
Most of the major Indian cities were not built in such a way that the number of people living in them today. Disasters are bound to continue. The only real solution is for many smaller cities to have their own economies.
More than 50% of our team now live there; A silver lining from Covid. 1/5
— Nitin Kamath (@nithin0dha) 9 September 2022
He said that moving to another big city is only a temporary solution and companies should motivate their teams to work from smaller cities. “If companies can afford to have teams work remotely or through small satellite offices, I think they should motivate teams to work in smaller towns and out of cities. In this way, the company problem Can play a role in the solution. Moving to another big city will only be a temporary solution.”
“There can be a significant increase in quality of life with more money spent, more savings, less time in traffic, better work-life balance, and more,” he said.
He said it was not a hypothesis, but solid data was collected from members of Zerodha’s team, who work out of small towns. “It is no longer just a hypothesis; Now we have enough data from our team, many of whom have moved to Mysore and Belagavi,” said Kamath.
Quality of life can increase significantly with more money spent, more savings, less time in traffic, better work-life balance, and more.
It is no longer just a hypothesis; We now have enough data from our team, many of whom have moved to Mysore and Belagavi. 3/5— Nitin Kamath (@nithin0dha) 9 September 2022
The best part of moving out and working from a small town is that it can also help tackle climate change issues which can result in the creation of livelihoods. “Otherwise, money keeps circulating in the big cities, enticing everyone to migrate,” he said.
The best part is that if these people consume locally, it can also help in terms of climate change issues and livelihood generation, perhaps the two biggest problems we are facing as a nation. Huh. Otherwise, money keeps circulating in the big cities, enticing everyone to migrate. 4/5
— Nitin Kamath (@nithin0dha) 9 September 2022
Kamath’s comments are in line with Zoho CEO Sridhar Vembu, who said that developing lots of smaller cities is much cheaper and allows citizens to enjoy higher real incomes and lower taxes than mega cities like Bengaluru.
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