1. Through the 'product envelopment' strategy - firms expand features of their platforms and offerings. The _____________ Myntra by Flipkart for about $300 million is a notable example. This has helped Flipkart _____________ its product line in fashion apparel and target brand-conscious customers. By acquiring Freecharge - Snapdeal could_____________ the mobile payment platform into its ecommerce offerings. The same holds for Flipkart recently acquiring FX Mart - which provides a prepaid wallet licence so that payment platforms _____________ into Flipkart's online stores platform.

2. The worst market sell-off in _____________ history may be around the corner. Just don't blame China alone for it. Since 2007 - the aggregate size of central banks' balance sheets has tripled to $22 trillion; _____________ by asset repurchases to stave off a deeper crisis. After Lehman Brothers' collapse _____________ a rout - the biggest central banks around the world _____________ 'quantitative easing' - or huge wads of cheap money - to encourage investment and bolster confidence.

3. India is now at that crucial stage where inflation is falling - growth has slowed down _____________ and more interest rate cuts are _____________. However - the timing of these rate cuts is a bit _____________ as the inflation trajectory is still not very clear. One has to remember that India has witnessed continuously high inflation over the last 7 years and - therefore - the central bank would likely to wait for concrete proof that inflationary expectations have been broken before cutting rates _____________.

4. Though there's a lot of buzz on rehabilitating the refugees - the world _____________ needs to focus all its energies on ways to consummate the 4-year long civil war. The world is _____________ over the Syrian crisis. Russia and Iran backing the Assad regime whereas US - Europe alongside few Gulf countries want Assad to vacate power. The_____________ want Assad to continue to prevent Syria from falling into further chaos - thus allowing subsequent strengthening of IS's foothold. The latter want to dislodge Assad's regime _____________ all the atrocities conducted by him; the reason behind the break of civil war.

5. Many businessmen - including small traders - are becoming NRIs. Or asking their kin not to return to India after completing their studies or employment _____________. In2015 - _____________ reversing the money drain - the government is aiding it. Amidst all the talk about attracting FDI - what can be a bigger PR disaster than home-grown business leaders planning _____________ their residences and investments overseas? It comes as little surprise that India _____________ the Foreign Direct Investment ConfidenceIndex's Top 10 list for the first time in 10 years.

6. Birds migrate long stretches - sometimes even thousands of miles between its breeding and non-breeding ground - a journey _____________ many hiccups - often perilous - but it doesn't have the luxury to reproduce and blossom in a fixed habitat. It has to fly to a new spot - sometimes_____________ food - some other times to escape harsh winters - the reasoning the same each time-the desire to survive. Migration as a phenomenon is nature's remarkable way of _____________ Darwin's theory-'Survival of the fittest'; the Syrian migrants _____________ the theory even more vehemently.

7. On its part - China created the Shanghai Cooperation Organisation (SCO) _____________ its geopolitical and geoeconomic interests in Eurasia. The US _____________ to created mega-regional trade groups - the Trans-Pacific Partnership (TPP) and the Trans-Atlantic Trade andInvestment Partnership (TTIP) - to deal with the Chinesetrade threat. Diplomats and analysts will debate forever onthe _____________ of these and other such associations - groups - alliances and partnerships. Some succeed in their objectives - many fail. _____________ - more are getting created.

8. We constantly ask when India _____________ the next Google - Facebook or Uber. _____________ are given but I believe it starts with the thinking. You must - right at the start - think and believe that your product - your company - is global. Google didn't say it wants to index all information in Mountain View - or California - or the United States. No. It said it wants to _____________ all the information in the world-” global from Day One. Similarly - Uber _____________ it is the private driver for everyone in the United States. It said 'Everyone's private driver.' Global from Day One.

9. The reversal of FII flows would also stem the _____________ in emerging market currencies. With the rupee stabilising and the US Fed's rate hike decision behind - the RBI would now be less constrained in easing rates in India. India is among the few large economies that can offer monetary_____________ to aid growth. The rate cuts - I believe - may not necessarily wait for scheduled policy announcements. Over the next three months - I would expect RBI to cut rates by 50 basis points. This _____________ some pressure on debt servicing - and will also have a positive _____________ on retail credit in the second half of FY16.

10. Now - conventional western wisdom holds that by raising or lowering interest rates - central banks can curb or_____________ inflation. Apart from the immediate impact of rate changes - central bankers supposedly _____________ the power to anchor future inflationary expectations by signalling the future course of interest rates. _____________ - some economists believe that the central bank _____________ only one aim: to target inflation - and not get distracted by other tasks like influencing GDP growth or exports.

11. Organisations are gradually _____________ the importance of creating strong brands that provide real customer benefits so they can avoid falling prey to commoditisation. In other words - companies are realising that it's the only way_____________. To a point - marketing and brand building exercises can help _____________ one's products and services and break the monotony and commoditisation but afterthat one often needs to turn to innovation and constanttechnological upgrades _____________ mindshare.

12. Will they succeed? No harm trying. Does India weaken its case by aligning with the G4? Nonsense. China's argumentthat it would support India _____________ were to break ranks with Japan; and the US argument that it has no problem with India's candidature but remains conflicted on Germany over Italy and Brazil over Mexico - are all divide-and-rule _____________ and have to be exposed as such. None of the P5 countries _____________ cast-iron guarantees to India that it would get India into the UNSC if it abandons the G4. So - the argument that the G4 route weakens India's case is a _____________

13. Companies are acquiring stakes in technologies unrelatedto their core business that holds _____________ the future. Google is _____________ such acquisitions - buying the satellite imaging technology firm Skybox Imaging in 2014 for $500 million to enhance its project Loon that intends to provide internet access in _____________ of the world. With the acquisition of Nest Labs for $500 million - Google showed its _____________ home monitoring. Facebook acquired the Britain-based Ascenta to provide internet access through unmanned aerial vehicles. We are yet to see such high-risk - long-term investment types of acquisitions in India.

14. Take achieving _____________ access to contraception and family planning: it will mean _____________ orphans and mothers dying in childbirth. It will also generate a_____________ - with more people of productive age. In total - every dollar spent will mean $120 of benefits to society._____________ - with ending tuberculosis by 2030 (saving nearly 1.5 million lives a year - with each dollar leading to $43 worth of benefits) and completing the Doha free trade deal (lifting incomes and cutting poverty especially in developing countries - the benefits would be worth $2 - 000 more than the costs).

15. The target to achieve "full and productive employment and decent work for all women and men- appears admirable -” but making zero unemployment a global policy is foolish. Every economy needs some unemployment _____________ workers to change jobs. All governments are already focused _____________ people into work. Moreover - studies show such language is used by interest groups to create great jobs for a minority while leaving others out in the cold - often pushing _____________ workers back into the informal economy and increasing poverty. The costs of thistarget will _____________ the benefits.

16. No matter how great you think your product is - it will always improve _____________ if you go beyond India to tap other markets and find other users who will try it. In Singapore - we learnt a lot about how healthcare is practiced in a developed country - how responsive and scalable our infrastructure _____________. We took a lot ofthese learnings and put them back into our product so thatthe next version was 10x better. What we also did was to not build a 'Singapore version' -“ we decided that if we goto a country and learn something that is better - we will_____________ our product globally _____________ that - not do isolated versions for each country.

17. The presence of information in electronic _____________ on real-time basis - and the availability of advanced natural language processors - helps one measure sentiment of any new information on a continuous basis. Whether an investor will act rationally _____________ availability of information depends on the 'effort' that the investor_____________ to put in processing such information. Vendors who provide sentiment scores on news are - in a way - reducing the mental effort _____________ process any information. They would - therefore - argue that an investor needs to spend a fraction of her limited attention span to act on available sentiment.

18. Yet - despite having the world's largest youth market - India has one of the _____________ shares of the annual $100- billion global character and entertainment licensing industry. Asian characters like Pokemon - Dragonball Z and Doraemon _____________ household names around the world - and countries like Japan - South Korea and China have built multi-billion-dollar character entertainment industries. Yet - India - a culture with some of the _____________ and rich storytelling the world has _____________ - hasn't come close to unlocking its amazing vault of creativity in this space.

19. We are _____________ on foreign sources of defence and other hi-tech technology than perhaps ever before. Creating an app or an e-commerce service doesn't qualify as hi-tech_____________. Narendra Modi and his team seem to thinkthat shaking hands with Jack Ma and Mark Zuckerberg are crucial steps in _____________ a culture of innovation in India. The result is that our PM signs up for a town hall meeting at the Facebook office _____________ investigating the ins and outs of hi-tech research at US institutions.

20. Ecommerce marketplaces such as Flipkart - Snapdeal and Amazon _____________ revolutionised selling by simply connecting "sellers of goods" (earlier called traders) and "the consumer" _____________ their platforms. In the recent past - we have seen the rise of hyperlocal commerce with companies connecting neighbourhood stores and service providers to consumers - to deliver anything from food and groceries to laundry and medicines. What's _____________ important is that everyone seems to finally _____________ with spending their rupees online.

21. This is a revolution spurred not by policy change or government grants but by private capital. The success ofthese leagues comes from the work of venture capitalists - bankers - business persons - actors - statisticians - an international technical crew and an evolving media - whotogether have all _____________ these sports with professionalism and a glossy _____________. This is not to saythat cricket is losing its lustre. Far from it. Cricket - our national obsession - remains the _____________ sport in India. The 2015 World Cup - despite being played in an 'inconvenient' time zone - delivered the best ever ratings for any event on television. But cricket is no longer the only sport occupying the national _____________ anymore.

22. Consider this target: "By 2030 ensure all learners_____________ knowledge and skills _____________ promote sustainable development - including among others through education for sustainable development and sustainable lifestyles - human rights - gender equality - promotion of a culture of peace and non-violence - global citizenship - and appreciation of cultural diversity and of culture's_____________ to sustainable development". It is hard to know what is promised - _____________ how it will be implemented - monitored or evaluated.

23. Access to the right infrastructure - both digital and physical - _____________ an issue for most SMEs - particularly traders and retailers. We see that large ecommerce companies now provide warehousing facilities for retailers to store and catalogue their inventory - even extending in-house logistics teams or third-party logistics support. This has also created _____________ for cataloguing startups that help sellers list their products online and manage inventory_____________ marketplaces. It's not enough to go e-tail - sellers have realised - without going digital. Today_____________ before - they all transact online. This creates a much easier and transparent digital ecosystem in which to operate.

24. Bridge is _____________ popular card sport in the world with over 100 countries as members of the World Bridge Federation. The estimated number of bridge players exceeds 60 million. But not many know that bridge_____________ the passion of corporate honchos and financial investors. Wall Street loves this cerebral game and some of_____________ players in the US are investors. A bridge buff - Warren Buffet had famously declared - "I _____________ mind going to jail if I had three cellmates who played bridge.- I have had the personal fortune of playing two boards with Bill Gates - some 20 years ago.

25. Recent plunges in China's stock markets - currency value and economic growth have _____________ global fears. After a long spell of gravity defying rise - the sudden spectacle of China stumbling and panicking _____________ confidence in President Xi Jinping's 'dream of national _____________ has upset calculations of not just Chinese consumers and producers - but _____________ international stakeholders.