This book “Think India”-by Vinay Rai was very interesting.
“The twentieth century belonged to America..but the 21st belongs to India..India has everything it takes to be the leading economy in the world.”…Dr.Richard W.Oliver..author of The Boitech Age:the business of Biotech and How to profit from it..
Infosys Murthy borrowed 250$ from his wife in july 1981 ..and after 26 years it has 67000 employees worldwide and revenues of over 2 billion$..TCS revenues are now over 5 billion$..there are some 200 R&D facilities in India..India is adding more cell phones than China–in 2005 alone 32 million hand sets were sold in India..
Recall The world is Flat by Friedman..IITs were like factory,churning out and exporting most gifted talent on the globe…India’s IT and out soursing segment grew at average rate of 42% over last two years..not only this but world-class manufacturing,design,real estate,retail, movies,..all these segments are growing in india..India’s legentary innovative ability and entrepreneurship acumen to the skil sets—software,uploading,outsoursing,off-shoring,supply-chaining,in-sourcing,and all the rest of the forces that flattened the world–are the reasons for the gravity -defying success of Indian IT industry…8.5 million bachelore degree holders along with 0.5 million engg graduates and 12000 Ph.ds from India are making this happen..
India’s advantage on high end value chain in manufacturing compared to China’s edge in low margin goods will drive India ahead as a global player…the day will come when mass-consumption products will be conceived in US, designed in India, manufactured in China sold globally and serviced by India and US jointly for the global market..recall 175,000 dubbawaalahs–mostly illiterare–colour coding system based on acronyms– in Bombay –humen chain in action-over 40 miles from home to office—undeterred by storms are train breakdowns–six sigma performance rating given by forbes magazine…
According to Jan-2007 edition of the Goldman Sachs BRICs(Brazil,Russia,India,and China) report,India will surpass the GDP of the US by 2050..fuelled by India’s youth.–by 2020 one half of the world population of people under age twenty-five will be in India.
Mark Twain..”India is the only millionaire-one land all desire to see, and having seen once by evan a glimpse,would not give that glimpse for all the rest of the globe combined”..
India is putting a million new cars on the road every year..
81% are Hindus..140 million muslims–the world second largest muslim population –the first is Indonesia–diversity in unity and unity in diversity…
The richest 40 people in India had a collective worth of over 61 billion $ in 2004 and now in 2007 only 36 people had 191 billion$..now over 300 million middle class Indians are here.
G.E. forcasts its business in India could be 3 billion $ in 2007..India is shopping for 120 fighter planes–lockheed martin and boeing are elbowing each other to get this multi billion % deal-the biggest of the century.
Indians send over 23 Billion% in 2007 back home.. this accounts for 3% of the country’s GDP…Pentium chip invented by Vinod dahm..hot mail by Sabeer Bhatia..
Owners of restaurants along the highway in Punjab–faced with the need to produce lussi quickly and in large quantities—-used home washing machine..pour yogurt,sugar,spices,salt and water and tap the outflow tube as exit pipe right into glasses ready for serving–example of effortless sync with the ebb abd flow of daily life–
Lawrence Summers,the former president of Harvard University, said during his feb 2006 visit to India that Harvard had made a “fundamental error of judgement”in not recognising India’s potential amd promise early enough..Harvard would correct soon by setting up a dedicated India Center with an initial funding of a billion dollars..
In April 2007,India’s GDP crossed the watershed trillion $ mark..interms of purchasing power parity, India became the world’s number three economic power..now it has matched chinese level of growth and it is predicted that it will overtake Japan and become the third bigest economy behind only America and China..
Indians were spending over 375billion$ on personal consumption annually-2005 figure..shopping malls..only 12 in 2000…grew to 150 in 2006 and 350 in 2007..the no of cars sold in 1995 were 250,000…in 2006 this number rose to 1.1 million..during second half of 2006, India was adding seven million mobile subscribers every month..the estimate for 2007 is 250 million phones and five years later 500 million phones..Tata steel has bagged as the best steel company of the year from the prestigeous American steel Institute for three successive years since 2003..McDonald launched in 2001 has grown into 100 outlets and in 2006 alone will be adding 100 more..separate veg kitchens and workers with green aprons cannot cross over unless they have a shower..
Even Einstein said”we owe a lot to the Indians, who taught us how to count,without which no worthwhile scientific discovery could have been made”..the rustless wonder–a single cast piece of iron 32ft high weighing 6 tons, made of 98% iron ..over centuries
A majority of US firms with an India presense are reporting double digit growth today…Ge,Bank of America,motorola,reebok,IBM,etc..Coco-cola and Citibank have declared the country to be the fastest growing market globally..
Trade betwen India and Israel..202 million $ in 1992..now in 2005 2.5 billion$..India is the sixth largest energy consumer in the world–replacing France-and tipped to become fourth largest by 2010..consumption going up by 8% per year–only 32% needs are filled by our own resourses..it may drop to less than 10% by 2020..
In 2005-2006 India’s GDP is 796billion$.one third of .China;s 2.5 trilion..US is 12 trillon..five times that of china..China atracted more than 6.3billion$ fdi while India managed only one tenth..China accounts for 6% of global trade while India touches just 1%..litrrary rates in india just 60%..china 90%..infant martality rate–India 44 deaths per 1000 births while for china only 23..life expectancy india just 65 china is 73..But..China’s official statistics are not entirely to be trusted..India’s figures are understated due to 50 billion$ parellel economy..India’s fre market, democracy,free press,growing workforce english speaking ability,higher no of R&D centers,and open and free envirionment to replenish minds and souls are India’s advantage..
In 1850s British engineers were building rail system..local persons brought some and after 60 years these were the clue that led to the discovery of mohenjoDaro site in Indus Valley..2500years old..
medical tourism…heart surgery costs just 6,o00$ here compared to 30,000$ in US..bone marrow transplant costs just 25,000$ here ompared to 250,000$ in US.Mekensey report indicates that medical tourism will generate 1.5 billion$ by 2012..including yoga ,ayurveda etc..
one india wants the other hopes..one leads..the other follows..over 225 of the world’s poor live in India..still 22 million new births per year..for the richest one fifth of the population the fertility rate is just 1.8..below the replacement level..but for the poorest one fifth, the rate is still 3.4..even now half the weddings in india involve a child under age of 18..wrong notion that more children mean more wage earners..with over a million new cars and five million two-wheelers added every year road developement is prime concern..
India’s intellectual capital is spreading like wave around the entire world..over 22 million Indian diaspora is making its presence felt in business, academia etc..Amoung the young Indian professionals the air of energy and excitement and the frantic pulse and pace of the affluent is mind-boggling..The Goldman Sachs analysis puts US in third place economocally by 2050 behind china and India..seems more logical when you recognise that the brightest 25% of Indian population out number the entire population of US…You can see Indians driven by fierce passion for life, for work, for creation,and are dreaming to bring out the best in them in a free and open environment..
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