Re: Obama is going in a wrong direction
by Guest on May 06, 2009 05:12 PM
Dear Seena Reddy, According to many economist , globalization concept is a failure, because Globalization only work if every one in this world have the same 1. culture 2. food habits 3. most important is work culture,( because Chinese work 12 - 16 hrs a day ) and they don't take much holidays, also it depends on the climatic conditions, we don't work much i accept but it is also depends on the climate, environment and culture.
Theoretically globalization is wonderful but in real life its far away from implementation.
anyway we always should not directly depend on any others foot to stand, we have make our own chairs to sit comfortable, we are good in software, so lets build products that other countries depend on us. build capital goods ( machines to make our own motor engines )
Re: Re: Obama is going in a wrong direction
by balaji chandrasekaran on May 06, 2009 06:08 PM
Mr.Guest Even if India starts to build their own products, who will buy all those products if there is no globalisation... you just have to dump all these products in Indian Ocean.... just think before u speak.....
Re: Re: Obama is going in a wrong direction
by Anandhapadmanaban Madhavan on May 06, 2009 05:35 PM
Respected Sir;
All is right now tell me a solution for a indian who is dreaming to get setteled in USA for a period of 20 to 30 years and want to live his life there?
All of our young indians dream is shattered now coz of the steps that this black communist is takeing
Re: Re: Obama is going in a wrong direction
by Calspadeaspade on May 06, 2009 05:37 PM
Agreed 100%. A country that wants to call itself a Super Power can not cry about losing outsourcing jobs from America. Time to build INdian manufacturing and produce our own soft ware products.Follow China.
Re: Obama is going in a wrong direction
by Kamala Advani on May 06, 2009 03:35 PM
YEA.. WHY DON'T YOU ASK INDIAN GOVERNMENT TO DROP THE 240% TAX ON IMPORTS FROM USA FIRST...
Re: Re: Obama is going in a wrong direction
by sudhaman on May 06, 2009 06:17 PM
exactly right we must import more.there is hefty duty on imports like xbox 360 and other software and now our software must go there without tax .is this justified
Re: Re: Obama is going in a wrong direction
by Anandhapadmanaban Madhavan on May 06, 2009 06:42 PM
To dig out of the "Great Recession," Washington needs to challenge China on trade and currency manipulation - but President Barack Obama and Treasury Secretary Timothy F. Geithner must recognize that Beijing only has the leverage Washington gives it.
Message to President Obama and Treasury Secretary Timothy F. Geithner: Fixing the trade problem with China would do more to boost demand for U.S. growth and employment than even massive stimulus spending could ever deliver.
But Mr. President is doing the other way; which is the wrong one.
OBAMA IS KENYAN MUSLIM AND ONLY HELP MUSLIM COUNTRIES LIKE PAKISTHAN, AMERICA WILL HAVE DIPPED FARTHER UNTILL AMERICAN PEOPLE UNDERSTAND THE TRUTH AND OBAMA MIGHT HAVE MAKE SUCH A QUANTITY OF MOENY BY THEN.
DON RELY ON OTHERS, WORK DO AGRICULTRUE THAT IS THE BASIC FOUNDATION OF OUR COUNTRY. KEEP YOUR HEAD STRAIGHT!!!!! VOTE BJP
Re: PATRIOTIC MANTRA
by Kamala Advani on May 06, 2009 03:36 PM
YEA.. INDIA CANNOT EVEN MAKE A DECENT MOTORCYCLE ENGINE... WITHOUT FOREIGN COLLABORATION...
Re: Re: PATRIOTIC MANTRA
by Calspadeaspade on May 06, 2009 05:40 PM
At least we should attempt. With this IT outsorcing we are not even thinking in that dir.
Re: Re: Re: Re: PATRIOTIC MANTRA
by mathew varghese on May 06, 2009 05:28 PM
Desi M, your education (if any!) is useless if what you are capable of is only writing such crude, uncultured and indecent comments about another person who has in no way offended you.
Have some culture and common sense when you come to a public forum.
Indians are very much optimistic. Always hoping for the best, it's really good. But not always... hoping something different and doing someting is different. Now it's time to think on survival for everyone.
USA company will be only benefitted if India rupe appreaciate to logical Rs 31 a dollar and that is going to happen very soon for India as India is the only country in the world apart from China is growing at 6 to 7 % annually to GDP despite world wide recession .It means earnings of american employee and Indian employee should be logical equall
Re: appreaciation of Rupee
by S Shrikanth on May 06, 2009 03:45 PM
India's GDP - $1.3 Trillion, Population 1.15 billion and growing @ 0.03b/year.
US GDP - $21 Trillion, Population 0.31 billion.
The GDP per person of US is 63 times than that of Indian. Are you guys dreaming than India will overtake US in 2 years.
Also, US$ has risen to 51 and with Oil prices going up the demand for US$ will go up. This means US$ will go up against rupee. And you guys are expecting it become 31 soon.
India's GDP Growth at 5%(max expected incoming years) will be majorly offset by the population growing at 3%. So, a 5% growth will be almost like flat economy.
Re: Re: appreaciation of Rupee
by abboral boral on May 06, 2009 03:53 PM
Srikath ,pl try to know that economic activities depends on demand supply service equation .USA with less populations cannot increase demand so the supply service where as India and China and our nabouring countries camands 3 billion populations wich will create more and more demands and so the vibracy in economic activities will increase ,so the demand ,so the supply ,so the service .Where will USA stand after 5 years .Allready entire Ameriacan cities are suffering from high level of pollutions and less ecomic activities
Re: Re: Re: appreaciation of Rupee
by Chandran KR on May 06, 2009 04:03 PM
Yes, there will be more and more and more demand in India for space to keep our legs. Billion strong population can create demand is an old lousy theory. 98 percent of the billion people are beggars. Population control is the only way to increase better standard of life.
Re: Re: Re: Re: appreaciation of Rupee
by abboral boral on May 06, 2009 04:17 PM
Out of 98 % beggars ,60 % middle income beggars beg money from financial systems but live in a decent living ,20% businessmen beggars take business loan by begging from financial institute and other money lenders or bankers to feed another 5 % populations for still decent living and that remains 5% top rich people in India but they survibe by begging or borrowing money only to run his entreprenuers and live a top class living .So remains only one person and that is you only the beggar who lives in footpaths
Re: appreaciation of Rupee
by alankar shrivastava on May 06, 2009 03:21 PM
that's right we hope that this will happen within next couple of years. World will feel gealous seeing India's growth.
Re: Re: appreaciation of Rupee
by abboral boral on May 06, 2009 03:32 PM
I am forcasting that with in 5 years time India will help financially to USA as India and Indians are already dominating all kind of reserch ,R&D ,Nasa ,IT ,Hotel business in USA .So Brains are already supplied to USA and now remains Finance .IF our nabouring countries joined together with India instead of anti Indian activities then I am sure India and our naboughring countries including Pakistan are enough to stimulus world economic activities .People of our SAFF countries should understand and give full hearted cooperations to India for their own safety against all kind of recession
Re: Re: Re: appreaciation of Rupee
by Chandran KR on May 06, 2009 04:43 PM
Brains have been already supplied to Americans, now only B s remain, that is why we are able to create a billion strong population to create what? Demand!!!
Re: Re: Re: Re: appreaciation of Rupee
by abboral boral on May 06, 2009 05:03 PM
You better keep off writting here as you have very less idea about economy and better concentrate your clerical jobs you are doing for the master
Re: Re: Re: Re: Re: appreaciation of Rupee
by abboral boral on May 06, 2009 05:36 PM
Pl read the black and white stats Mr True
1. we have 700 billion dollar black money in foreign banks(if at least 20 % can be brought back) 2.We 550 billion dollar economic stimulus by RBI 3.Gujarat Gov MOUs worth 250 billion dollar for economic development with in 5 years time 4 1.5 lakh crore Rupees are kept seperately for development of power generations and nearly 2 lakh crore rupees will be spend for infrastructures development alone with in 5 years
Re: Re: Re: Re: Re: appreaciation of Rupee
by True yeah on May 06, 2009 05:24 PM
Borai noted - but unless we invest highy in R&D are we going to suceed in the long run ? we are far far behing in terms of R&D and other reserach oriented fields and we need to think afresh and with new vigour and light ... so cathing up with west may nt be that easy - in 05 years I doubt - may be in 25 - 30 years OK...
Re: Re: Re: Re: appreaciation of Rupee
by abboral boral on May 06, 2009 07:07 PM
for the time being and why we need to export USA since there are 172 developing countries are waiting for India.s help .USA and other G-20 are not going to help these developing countries because of their crisis .India and China will emerged as helping hand I am sure
Well it is true that the decision of Obama will affect more to US companies. But should we be happy with this.
In IT sector, they will retain Indian offices for high conceptual and designing work. the areas of higher intake which is coding , testing etc where almost 90% software developers are working may be shifted to US.
Us does not believe in level playng. They compelled India to open insurance and banking sector against the wishes of India. They made us reduce custom duty on all items to a level whereby entry of foreign goods in Indian market becomes smooth and easy. This was again done at the cost of indian manufacturer.
How long this high handedness of US will continue? As a reatiliation we should initiate to nationalise all business establishment or tell them to sell it to Indians and leave the country.
Re: Absurd decision
by Sashi Nair on May 06, 2009 03:13 PM
Yes, that means America never wanted India to become a major country in any field,that is true.
Re: Re: Absurd decision
by Chandran KR on May 06, 2009 03:24 PM
Why would America want India to become a strong nation? It is for Indians to become a major player. And that won't happen with Mayawati, Lalu, Jaya, Karuna, Deve Gowda, Chandrababu, and other locals. Is there one leader who thinks of India?
Re: Re: Re: Absurd decision
by sridhar srinivasan on May 06, 2009 04:04 PM
Modi is there and that is why he is not allowed to visit USA. In spite of who rules the character of India as a nation cannot be changed. Secularism, democracy, freedom of press, etc. though Indira tried to change with emergency, but failed.
In INDIA, no government department is fully computerized, such as Income TAX, Passport, Election Commission, Labour Department, Telecommunications, Land Reforms Data, etc...
Indian government can give these workd to Indian IT companies and in turn, make INDIA fully e-Governance compliant.
But one doubt: every foreign Telecom company comes to INDIA for managing their data, where as AirTel goes to IBM and now recently to Alcatel & Lucent for managing its business process.
I do not know, whether it is because AirTel is not so consumer-friendly and loots public money openly.....
Re: Now it is really time for INDIA
by Chandran KR on May 06, 2009 03:22 PM
The Indian IT companies would not do work for Indian companies; they were always running after US dollars; improving India is not their concern, just filling their own pockets by treating cheap indian labour as slaves
Re: Re: Now it is really time for INDIA
by Calspadeaspade on May 06, 2009 06:09 PM
No body does anything specifically to improve India. They do for personal gains. It i sthe duty of the GOVT to make the 2 same. That i swhy America prospered in the years they did. The minute personal greediness that did not comply with national interest crept in they are in doldrums. That is what we are witnessing.
Obama is going to be a failure as he is trying to create jobs for americans who are not ready accept lower salaries and lower their standard of living. Ultimately the US companies will have to suffer as they will have no choice but to depend on the outsourcing and pay more taxes. Surprisingly Obama still wants to spend billions of dollars on Pakistan.
Re: Obama's policies
by Calspadeaspade on May 06, 2009 06:11 PM
With the high unemployment people are willing to take lower salaries. I see that happening already. If they are not ready to take lower salaries they are out and will be on welfare.
why indian professionals as yet not taken an initiative to develop any software like Windows , since we have everything with us we must thin on that rout to provide the world the most sofisticated products at reasonable cost so that the existence of our IT will further boost. We are only working for other, but never thought about invention. That is the problem.
Re: Re: why
by Sashi Nair on May 06, 2009 03:06 PM
Ofcourse, we do have hardworking enthusiastic professional to yeild any target but right guidance and proper investment???? Same time, it is said that Indians have such quantity of black money which can bought entire America itself. But, who cares about it. If proper step from Government and I.T.Dept.is taken without any delay, it will be a revolution in I.T. and No body bargain with India,SURE, Lack of Educated & real patriotic Politicans are our BIG PROBLEM.
