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Jul31
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Have you ever heard of "jobless growth"? Forbes thinks that this is serious problem for India. India's continuous economic growth has impressed everyone including Forbes. However, Forbes thinks that "jobless growth" is not a sweet thing. I am quoting from a report:
"India also faces a risk of "jobless growth" if the economy can't grow fast enough to generate new jobs for a labor force that is both getting more productive and growing in size by 4% a year. In that regard, it is energy and manufacturing industries that will have to be the engines of job growth, as IT services companies are just too small."
Jobless growth indicates to that situation in which a country's economy is growing fast but employment is not. India has this problem now. Thanks to huge success in outsourcing, Indian IT companies are now making news headlines on a daily basis. However, in a country of 1.1 billion people only over 1 million people are employed in the technology industry.
Indian government should take this matter very seriously. Because of continuous high economic growth, some people are becoming super rich in India these days. They can easily afford the rising price of commodities. Rising oil price does not touch them too. However, most people in the country are still extremely poor. Jobless growth does not attract them anyway. Instead, it will increase the possibility of social anarchy.
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Jul31
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Forbes has published 'India's 40 Richest'. I went through the list and found that most rich people in this list are at least 45 years old. The only exception is Kumar Birla (38) but he inherited his father's vast fortune....
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Forbes has published a list of India's top 40 companies. 'Forbes 40 India' has stated the wealth of Indian companies. I am mainly interested about the top 10 companies. It is very interesting to me that among the top 10...
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Jul30
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In Europe and USA, immigration is a hotly debated issue. There, many people regret the presence of immigrants from the developing world. The western media is so much obsessed with the immigration debate in Europe and USA that they fail...
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Jul29
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This is interesting. IT and Communications Minister Dayanidhi Maran has viewed that after 2007, India will not need to import mobile phones as big names in mobile phone industry like Nokia and Motorola have realized the potential of Indian market....
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Jul27
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Developing countries try to use different ways like encouraging foreign investors or industrialists to invest to bring more foreign exchange to help to their economic growth. For the last 20 years, remittance has gradually become a major factor for developing...
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Jul26
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Deutsche Bank is a big name in the international banking sector. It is a German Bank and in Europe it is a key player. Today, it launched a credit card not in Germany. May be, the bank has enough cards...
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There was a time when India and China were among the richest nations on earth and European countries tried to come to these two countries for having good business. Columbus wanted to discover a route to China and India and...
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You may often hear that India has emerged as an IT superpower but you may never hear that India is far behind than the developed world in digitization of its media. Of course, India is not a rich country and...
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India has been pursuing a free trade area (FTA) deal with ASEAN countries for quite some time. Until a few weeks ago, the prospect of FTA seemed to be very bright but now all we can see is dark cloud...
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Jul25
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Motorola bosses have now come to this realization that they should take India very seriously. So, it is now seriously seeking partners in India and today Motorola has Wipro on its side. Wipro is one of the top 3 Indian...
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Fiat is one of the major car producers in the world and in European market it is a very strong player. However, in the developed world, almost every family has a car and the market is not growing so much-...
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Jul24
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Last week, the new (foreign) coach of Indian national soccer/football team, Bob Houghton, came with an interesting theory that to do well in World Football India needs to have only tall players. I completely disagreed with this theory that short...
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It seems that it is now India's turn to get outsourced. Today, Tata Consultancy Services (TCS) signed deal with 3 Chinese firms to expand its business in China. Well, Chinese government is eager to emulate Indian success in outsourcing of...
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For example, automotive design in Europe that requires an expense of $800/hour can be reduced to 60$/hour if sent to India. Secondly, Indian workers are much more flexible when it comes to work at odd hours or even on weekends.
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Jul23
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I have been dreaming for more than 10 years to have a laptop of my own. Since, I live in a third world country, I can only continue to dream but not get one, as a laptop is very expensive...
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So, instead of going after the beggars the government should first try to address the factors that contribute in the increase of begging.
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Jul22
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These days, we are getting habituated to read in the media about the success stories of Indian economy. However, not everything is so rosy for the Indian economy. At least, the National Council for Applied Economic Research (NCAER), an economic...
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Indian economy is shining now. Many foreign companies are now coming here with direct investment while outsourcing of IT related works is going on full swing. On the other hand, Indian companies are trying to excel in foreign countries. Thus,...
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Jul21
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Hyundai is doing very well in the Indian market and it is increasing its car production capacity in India too. So, it is important that Hyundai can stay out of any kind of labor unrest in India.
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Jul20
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So, if Intel does not go ahead with its plan to make PC and internet more affordable to the ordinary people in India, its social impact will be much more devastating than laying off 1,000 workers in India.
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Jul19
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In UK, 100 pounds does not seem to be a lot of money but in India, it is the monthly expense of a middle class family.
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Until now, G7 countries could influence the world economy totally. The price of US dollar, US interest rate, change in the share market of G7 countries- these things meant a lot until now.
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Jul18
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The main reason of doing so well is the increase in outsourcing. TCS is one of the top IT companies of India and it is getting a lot of outsourcing works in the last few years. For example, in this quarter, TCS added 62 new clients.
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Telenity has perhaps taken the right decision in right time. The telecom market of India will only grow bigger for years to come and Telenity will now be in a better position to cash in.
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Jul17
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What I like to see is that ICC tries to promote Twenty20 in Asia, Europe and America.
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Murthy thinks that there is nothing to worry about the increase in salary of Indian workers.
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Jul16
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I do not agree to that only tall players can play soccer well because of the fact that we have too many examples like Maradona in front of us to discard that theory.
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Jul15
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According to the report, many of the US companies that outsourced their works feel disillusioned now with the quality of their outsourcing partners.
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BCCI is going to be richer day by day but what about Indian cricket? I guess BCCI officials are too busy with monitoring the sponsorship deals to notice that India is not doing well in International cricket these days.
How about a performance sponsorship?
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It is nice to know that MSN's Indian based portal is a profitable one. The good thing with Microsoft is that the company has very strong presence in India. It will surely give MSN India an edge over Yahoo and Google with Adcentre.
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Jul14
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Now, Lakshmi Mittal has perhaps even a tougher mission in his hand. Posco bosses are getting more and more frustrated about their project in India. It will be interesting to see what strategy Mittal takes to be successful in India.
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Jul13
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Indian companies may have started to go abroad on a large scale but the reality is that they have still some catching up to do compared to companies of China, Korea, Japan and even Malaysia. So, the next challenge is to catch up the big companies of Asia in terms of global presence.
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Jul12
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When I posted the original entry in this blog on this Monday, I had little idea that it would become so popular. It was picked by Fark and this ensured 19,000 hits in the last two days.
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Jul11
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Privatization will surely restart again sooner or later but it is important that the political parties in India can build some kind of consensus about it.
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Jul10
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I have compiled a list of 50 amazing things related to World Cup 2006. Well, the figure is a little bit more than 50 but I gave the title because 50 is a round figure.
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Often, we get the perception that India has a population of over 1 billion and India has a never ending supply of engineer and tech professionals.
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By passive spiritualism, I meant watching to spiritual channels in television with all the comfort of modern lifestyle. It is becoming a billion dollar industry in and in the west it is already a very big industry.
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Some of these channels are even competing with popular channels on news, sports and entertainment in terms of viewership.
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Jul 9
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Indian workers have to come forward to try to neutralize their accent while at the same time, western people should try to be more familiar with the Indian accent and should have a more tolerant and positive attitude towards the Indian accent of English language
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Jul 8
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I have made a list of 10 reasons that western executives and consumers should try to learn or at least get familiar with the Indian accent of English language.
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I just hope that the villagers can get the benefit from this adoption. I also wish that other big banks in India and other parts of South Asia come forward to help poor villagers.
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It is nice to see that football is becoming very popular in India but it still falls well short of the popularity of cricket.
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Jul 7
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India has now perhaps the lowest call rate in the world- less than 2 US cent a minute. So, mobile phone is now becoming more and more affordable to the common people.
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Jul 6
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If you are the father of a daughter then all you can do is to curse your luck as you will have to pay a huge amount of dowry and also bear a huge amount of expense for arranging the wedding celebration.
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Jul 5
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This is perhaps another indication of the fact that Indian companies are getting more and more matured.
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He is Lakshmi Mittal, Chairman and CEO of Mittal Steel. If you have heard the name then how much you know about him!
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Jul 4
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The doctors charge as little as 100$ to carry out the abortion and the fee increases depending on the maturity of the pregnancy of the woman.
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I just wish that both the western law firms and Indian companies try to build some guidelines regarding outsourcing of legal services from now on. This way, it will minimize the risks associated with it.
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Jul 3
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Cairn Energy PLC, a UK based energy company, feels that India has good potential in terms of finding oil and for this reason, the company has managed to get a bank loan of $1 billion.
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By the end of 2007, Honda wants to take its production capacity in India to 100,000 units and by 2010 to 150,000. To achieve this goal, Honda is going to invest 30 billion rupees ($650 million) in the next 10 years.
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Jul 2
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Powergen has already decided to close its call centers in India and recently HSBC suffered a security breach. On the one hand, customer satisfaction in UK is degrading while the HSBC incident has caused a hugely negative impact among everyone in UK.
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India is going to start commercial production of CBM from 2007. Some states of India contains good reserve of coal.
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The national average for India in terms of deficit of power has increased to 10.7 % from 8.8% for April-May 2005. With the existing power deficit, Indian government is going for expansion of electricity facility for new rural areas that will make the matter even worse.
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Now, the time has come for Indian companies to act decisively. They should realize the concern of the western companies and consumers.
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Jul 1
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I wrote that the bank loan is often in the range of $1,000-$2,000. It is a real pity that a human being should die for it.
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