Once affordable house starts building. Economy will be on right track. How ?
Affordable house simply translates into increasing the purchasing power of common man.
Saving means people increasing their expenditure on essential commodities and consumer goods.
Means Manufacturing sectors gets boost.
Means Cos going for expansion , modernisation and expansion.
Means services sector gets job.
Means India Inc booming
Means stock investor gaining confidence and incrasing their stake in scrips and purchasing new IPO.
Means NRI , FII and FDI bring dollars.
Means surplus money to Indian companies.
Means India Inc going global and purchasing foreign cos and exploring foreign market.
Means renewed confidence in stock market and bring first time investor in stock market.
Means Whole economy reviving and India going global.
Is this not simple to understand that affordable house is the need of the hour. Till it is done , common man will keep investing 40 to 50 per cent of their income in paying EMI or house rent.
Government should provide some grand to IT companies which they can pay back when the conditions are goos .. Also they should write off the loans taken bay laid off IT employees or make some rule like they need to pay EMI for atleast another 2 years till the industy back in track...Government give billions of rupees to agriculture and write off their loans which dosen't provide much to india's economy.. Where as IT industry is the back bone of indian economy .. when recession hit them everybody is cursing them and government also not doing anything.. THe most important thing government write off their loans the same way the do for farmers . All should remember IT is responsible for all growth india achived and only because of IT india is no longer the land of snake charmers and cows roaming on roads
Re: Govt should do something
by Prabagar Balakrishnan on Mar 12, 2009 04:50 PM Permalink
If their is no food you can't eat computers or just by seeing food in computers. IT people were getting good salary, if they had handled money carefully, they could manage for a while. I think it is time to change the way the governance is running in INDIA. I think we need to completely change to e-governance instead of redtape governance. The officials are not working atleast if everything changed to computers the customers can get information manythings easily.
Re: Re: Govt should do something
by kamini on Mar 12, 2009 04:29 PM Permalink
they arefor fake intteluctuals like you .. we are happy with a glass of beer
Re: Re: Re: Re: Govt should do something
by Rajesh Kulkarni on Mar 12, 2009 05:03 PM Permalink
Are you jealous of Kamini !! Don't worry you'll get chance some day, too.
Re: Re: Re: Govt should do something
by Manoj K on Mar 12, 2009 06:19 PM Permalink
Day by day, I am finding more and more items in indian IT industries. This is worrying for any company interested in outsourcing to india.
At least now, the policy makers of Indian government should plan e-governance and IT enabled services in the country. The industry can sustain, and also implementation of e-Governance project will bring transparency in the welfare schemes extended to the needy. Corruption can be minimized with efficient utilization of e-Governance. The funds spending on various welfare sachems can be efficiently utilized with proper implementation of IT. This will definitely eradicate some of the problems faced by the society . So this is the right to implement internal IT projects in India, so that both Industry and society gain the advantageous.
Re: Right time to Plan Internal projects
by veldandi swapna on Mar 12, 2009 02:19 PM Permalink
That is where administration is holding back. I worked in egovernment projects and came to know that so many administrators not willing to implement e-government, because it will enforce transperence :)
The True Genetic Blueprint for growth in our country has always been agriculture and self sufficiency in food. But many of these software giants have burrowed into IT parks set up in fertile and cultivable land across the country just because of a few dis-illusioned land lords( Not farmers). I woiuld have appreciated if one of these companies had developed a software for proper cultivation and farming techniques. This would have helped the country in many ways. But no! Neither the proclaimed Narayan Murthy, Tata or Premji even gave a thought to it. They only looked at dollars that the US threw at them. i do not hold a grudge against the IT industry in any manner, but their lack of national interest doesnt just end with creating money for the exchequer of the government(which is corrupt any way). The example is Satyam, which paid several hundred crores of IT every month but in the end ended in a scam of several thousand! Yes they have contributed to personal wealth of employees but they have also immensely contributed to higher cost of essential goods. I hope this crisis makes them think hard so that they can forget the US and look inwards.( Pun Intended).
Re: True Genetic Blueprint
by vishal M on Mar 12, 2009 01:57 PM Permalink
Dear Ravi I dont think you have any knowledge of economics of the country. But I do appreciate your feelings. e were never self sufficient in food (only middle class who was which was also a tiny minority that time). The agriculture grows by less than 4% annually and we can no sustain 65% of our population on that. The IT companies have contributed to wealth creation and helped boom in construction, atomobiles and other sectors which have created many millions jobs. The need is to reduce dependecy of population on agriculture as employment means and also reduce dependecy of agriculture on mansoon which has been erratic.
Re: True Genetic Blueprint
by Sagar Sarma on Mar 12, 2009 03:56 PM Permalink
Dear Ravi,
Rather than cribing about what Tata's and Murthy's did not do why don't you do it yourself? Show us the lead by implementing your idea on IT for agriculture and there will thousands to follow you including me. Till such time keep some respect for the achievers.
The current is quite good for the IT industry. The Indian IT industry has been the laundry to the world doing all the dirty jobs which the developed countries did not want to do. After so much of government support and incentives, the industry has failed to develop any innovative product. The salaries of the people working in the Industry should be slashed and their perks should be withdrawn. They should be made to work harder and made to focus on innovation. People with fake resumes should be shown the door. All the corrupt HR guys who recruited people with fake resumes should be kicked out
Re: slash salaries
by Pranab M on Mar 12, 2009 01:29 PM Permalink
Ok you should start working harder and stop posting message in rediff boards in office hours.
TCS, Infosys, Wipro, Satyam, CTS etc., one of these companies should develop an operating system, database or a language rather than supporting systems that American companies built or making people do just production support.
Then you will start dictating terms to USA. Until then, you are a slave and you are dependent on USA. They might be making tons of money on American projects but where is the spending on research and development. What percentatage of their earinings are being spent on R&D? Where is the creativity despite their presence for more than two decades globally.
Re: R & D absent
by Kundala Kesi on Mar 12, 2009 01:20 PM Permalink
I was shown door recently after serving the past 3 years in new product development (R&D) in a specialized software product developing company. The CEO and all the mangers are least interest towards R&D. Everyone asked about me directly, What are you doing? R&D is like a Seed. If you start putting it in the soil and it will give the result only after considerable amount of time. These buggers , money mongers never understand the importance of R&D. All they want is Money especially Quick money! Quick Money! with quick results! After all Rome cannot be built in a day!
Re: R & D absent
by Karan Pasricha on Mar 12, 2009 01:31 PM Permalink
IT services and IT product are two different ball games.While IT services business is comparatively easy to accomplish IT Product approach calls for extensive domain knoeledge & research,heavy financial investment and above all a fat marketing budget.many have gone the product route and perished.Windows may not be and certainly is not ideal product but made it a success is marketing and positioning.So,let's not pass opinions unless we understand what is takes.
Re: Re: R & D absent
by Another Critic on Mar 12, 2009 02:00 PM Permalink
It sure takes a lot to invest in R&D and it is risky and takes lot of time and money. However, if one is successful, one reaps the benefits for many years. Where there is risk, there is return. If there is anyone from India, it should be the top IT companies. I can't think of small companies from India spending on R&D and surviving. Or may accept Indians do not have the stamin, intelligence, resources or whatever to build a world class product despite making name all over the world that we are an IT country.
Re: R & D absent
by yagna on Mar 12, 2009 01:16 PM Permalink
Already CDAC developed an operating system of our own "BOSS (Bharat operating systems solutions"...
Re: Re: R & D absent
by Another Critic on Mar 12, 2009 01:30 PM Permalink
Good that they came up with something. Apparently, Boss caters to Indian audience. Does it interest users globally? How does it fare in comparison to Windows, Macintosh, Unix, Linux etc.?
Re: R & D absent
by Me Patel on Mar 12, 2009 01:25 PM Permalink
So u know how to run company better than premjis & Murthies... why dont u show by running. Infact u will not have 1% of risk apetite they took. Being a critick is the easiest job. Even Ravi shastri can b a cricket critic
Re: Re: R & D absent
by Another Critic on Mar 12, 2009 01:43 PM Permalink
I have my own start up and I have been successfully operating it despite recession. I don't know how it will turn out in future but I am prepared for it.
Satyam also got the best award for Corporate Governance in the year 2008. And you know the rest. Infosys, Wipro and the group violate H1 and L1 visa laws just because they can make few quick bucks by providing cheap labor to Indian companies. Revenues and profits are not the only basis of judging of how well a company is being run.
It was high time that infotech companies and their employees took this country for aride with all first class facilities and show offs and high spending.A person who was in same education standard as his infotech colleague was looked down upon because he was working for a small pvt. sector drawing one tenth of infotech employee.Let these sector rot for a year and then the employees will know what rot they set this country into.
Re: infotech companies collapsing
by Karan Pasricha on Mar 12, 2009 01:55 PM Permalink
Helo shere is more revenue and business generated by satellite businesses that grow and support IT business.Right from placement companies,cabs,housekeeping,communications,catering,retail,pubs,eateries....They all have mushroomed in growth becos ot ITmarty - Please remember t
Re: infotech companies collapsing
by Observer on Mar 12, 2009 01:21 PM Permalink
If people are looked down because they do not work in IT or earn high salaries, then that is a social evil. This has got nothing to do with IT.
So, Mr. "Darna Kyon" your antipathy towards IT industry and professionals are misplaced and a result of misguided notions.
Perhaps, it is in a way, a correction, a back to basics without living above your means, loans you cant afford,perhaps now to find pleasure in things that matter like family, society because as a resident of Bangalore I have yet to see so many stressed out and utterly selfish youngsters who really are not happy with life!
Re: IT slowdown
by Karan Pasricha on Mar 12, 2009 01:59 PM Permalink
Wrong - These are stray cases.There are millions of IT professionals but few go out of control ( or are weak mentally) and resort to extreme behaviour.Media and guys like you talk of these few and paint the big picture.......which is entirely different.Many many families have seen prosperity own houses,sisters marriages and increase in self belief & confidence.Remember , next 5o years will be of INFORMATION ERA.
It was shock treatment but it can cure complecency out of outsourcing.IT can diversify into other than financial services and stop job hopping V.S.Kumar
Re: Re: SHOCK TREATMENT CAN CURE ALSO
by chandra asapu on Mar 12, 2009 12:38 PM Permalink
common tax payer/it professional would agree completely. But greedy politicians simply ignore such steps, as they can be bribed to not to take such stringent decisions.
We will always be recieving end than manipulating.. :)
Re: Re: SHOCK TREATMENT CAN CURE ALSO
by Ramana KV on Mar 12, 2009 01:24 PM Permalink
Very well said. These and other conceivable correctives will bring the anti-outsourcing lobby to ltheir senses. Can anyone think of other steps?
Re: Re: SHOCK TREATMENT CAN CURE ALSO
by Polisetty Ravishankar on Mar 12, 2009 12:40 PM Permalink
1. What will you drink? Even the water is polluted in India.
2. Did Indians develop any OS's in the past so that we can develop sw's?
3. I am a proud Indian but we need to be realistic and face the truth and then develop Our Country ....... not by some myths.
The world's 45% of money is still in America and I want to remind you that 220 years ago there was nothing in that Country. They built it by their will.Learn from them and from anyone btw....
Develop products indigenously and then we can think of building our nation.
Re: Re: Re: SHOCK TREATMENT CAN CURE ALSO
by a krish on Mar 12, 2009 01:16 PM Permalink
yes try BOSS operating system a true indian operating system. Developed by indian developed for india.
Re: Re: Re: SHOCK TREATMENT CAN CURE ALSO
by Subhajeet Naha on Mar 25, 2009 10:41 AM Permalink
i grew up drinking this water.. i like it.. i still drink it.. i don't need a Kent RO or bottled mineral water.. dont forget where we came from and this economic crisis will just fade away...
Re: Re: Re: SHOCK TREATMENT CAN CURE ALSO
by Guest on Mar 12, 2009 01:06 PM Permalink
my friend, ur 2nd and 3rd points is right, but ur first point is bullshit. we never drink pepsi and cocacola, but still we r surviving. i m agree that we should learn good things from from them, but if u dont respect ur water ur land then why u r saying u r proud indian. Give us solutions not problem. we know our problems
