This is one of the best written case studies of the emerging Asian powers - India and China. You have beautifully woven the facts and the figures around the central theme of the globally changing business models due to the impact of India, China and other asian countries. It as positively thrilling for me to understand how the two nations are realizing their latent potential by transforming themselves as world class manufacturing, research and services hubs. Hope the parallelism of positive growths only brings out the best-to-come progress from the two countries.
RE:A great write-up
by gvns on Sep 16, 2005 01:32 PM
We seem to be in the middle of a long-term trend sweeping worldwide. Prosperity is being mass produced and countries emerge slowly from Dickensinian squalor. India happens to be dead last in this race. Are these journalistic cheerleeding and chest-beating really warranted for earning a last place? Better late than never, probably...
Maybe potentially an emerging "giant", but going by all available evidence, India will just keep limping along, with over half her population living in filth and squalor and utter destitution, while the remaianing 40% barely ekeing out an existence. There is absolutely no excuse for India not becoming a manufacturing giant like China, save for the stupid policies by useless inept myopic netas, especially the hypocritical Communists who have thwarted every move by the federal govt on major economic and labour reforms, yet have no compunctions allowing MNCs investments in thier respective states. China will become an economic giant, India will remain the puny pygmy, but Indians are good at self-delusions - it makes them feel important, in a world which couldn't care less about them.
RE:Why India is an emerging giant
by Prasad V Saraph on Sep 30, 2005 04:46 AM
Wow! That is some pessimism... if you don't believe in yourself, nobody else will. Also, the politicians world over are same, be it Germany, US, Japan or India...so what? If you look beneath the surface, the world is run by economic interests (where the WEF@ Davos is much more important than the UN general assembly in NY).
I like the numbers coming out of India and China...I've started to put my money in BSE (30% gain a year is not bad, eh?) and have strong belief that these countries will come through with flying colours in our lifetimes.
If you think India is not going to make it...stay away (at your own peril!) ;)
I read something abt a 50$ flight... As we are starting to put things into dollars, the average compensation for the glorified hitech software professional is somewhere between 2$ and 5$ per hour.. thats 300 to 500 dollars per month. I am talking abt the so called great companies like TCS, Wipro and Infosys who charge the customers with 30-50 dollars per hour (which is still dirt cheap for the consumer) and build super infrastructure. So what.. we have some good buildings built with that money..those buildings impress customers.. but nothing changes.. the poverty of the real people doesnt change...all the exploitation doesnt change...
I dont think we are there to put everything in dollars...unless we are getting paid in dollars.
i can't understand why the rediff team is continuously doing this....copying the editorial matter from some other site and presenting it to the users.I and my friends have already read this article and many more like this which you keep on putting on your site copying it from the business-week in this case....it would really be great if you coming up with your own articles....i hope next time we see some innovation.
