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  1. #1
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    India becoming a GLOBAL POWER!

    Hi,


    As most of you know India's economy and growth rate is increasing rapidly. Keeping away all things such as "poverty, issues with pak, internal political problems" etc and thinking that one day all of them will be resolved, India is heading to become one of the major economies in the world. The most important factors to this success rate is the communication skills with the western world. Most of the people in south asia know how to speak in english because the british ruled this region for about 100 years and one thing they left was the language. This particular thing sets us south asians apart from china, russia, japan etc because although their economies are far better but most of their people lack the skill to communicate with the western world. You would not find many chinese, japanese people posting in these forums as you would find from india, pakistan, bangladesh... This skill is one of the major reasons of close business relationships that have developed over the passage of years.

    Ok anyways i just wanted to know what you think about the new global power emerging on the face of the earth...One of the few things i see in the future would be

    1. Close business relationships with pakistan, opening of borders, single currency and huge multi billion dollar industries being setup multiplying the current labor force thus driving more investments in this region.

    2. Probably in few decades from now a single army for south asia which could probably be one of the biggest in the world..

    3. Extreme close business relationships with the western world thus bringing in the concept of one world.


    .....now that is assuming that all the political problems have been resolved. What do you think about it? Is the world willing to accept a new super power?

    PS: Please do NOT post stuff about kashmir, poverty, terrorism etc. Lets for one time get forget this crap and move on with a positive discussion.

    Thanks!

  2. #2
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    Indias "economic miracle" is pretty overrated, India has done a fine job with it's education system enabling it's service sector to create business of it's own aswell as getting outsourcing from Europe and North America, but no country has ever become a global economic power based on services alone and that's where India falls down, it produces little considering the huge supply of labour it has, it does not create enough wealth of it's own and relies to much on foreign investment.

    As for not mentioning it's poverty, it's a little difficult thinking of India becoming an economic superpower when 75% of it's population live on less than $2 a day.
    Last edited by bagpuss; 04-26-2004 at 10:31 AM.

  3. #3
    India's Economic growth will either find a happy medium or drop back to where it was. The extreme growth right now is because of the supply. Once more and more companies outsource to India, it's supply will slowly diminish over the years, the costs will raise to the point that it will be more cost effective for US and other countries NOT to outsource.

    I predict that the next 10-15 years will be a very bumpy ride for the Indian economy..
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  4. #4
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    As the saying goes, what goes up must come down..

    Just give it time.
    -Robert Norton
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  5. #5
    Yup, going up, getting more indian call centers, while IT people in the US, that buy the majority of the goods, are losing their jobs, they will not be able to buy, all the money will shoot to the pockets of the execs and as India rises the US will fall and we willk be equal, how great!
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  6. #6
    Not to 'knock' your country or anything, but I do find it hard to believe America and India's world power will be equal.
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  7. #7
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    Originally posted by ljprevo
    Yup, going up, getting more indian call centers, while IT people in the US, that buy the majority of the goods, are losing their jobs, they will not be able to buy, all the money will shoot to the pockets of the execs and as India rises the US will fall and we willk be equal, how great!
    But by shipping jobs overseas you're actually creating jobs in here.

    We're losing some but gaining others, hopefully it will level out.
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  8. #8
    Originally posted by pmoduk2
    Not to 'knock' your country or anything, but I do find it hard to believe America and India's world power will be equal.
    I was being sarcastic
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  9. #9
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    To begin with Indian commerce began long long time ago with trading of spices, silk, precious metals, gems and other goods with other Asian and European countries [or kingdoms in the past]. For more than five hundred years India has been under attack & rule from foreign rulers from the Arabic and European people. Even post independence India suffered economically because of wrong policies of Nehru and his daughter leaning more towards socialism instead capitalism and economic growth.

    Language alone is not responsible for the recent growth of the economy. If that were to be true then India should have had far more greater trade and commerce links with its immediate neighbours and the oilrich gulf countries who's languages [and customs] are quite close to native Indian languages. The most important factor that lead to the change in the economy is the liberalisation of the govt policies by Dr Manmohan Singh and P.V Narasimha Rao who were the then Financial Minister and Prime Minister in early 1990s. There two men knew that an hands off policy like in US can alone bring about rapid growth of the economy. So the famous "Licence Raj" was abolished to allow private sectors to freely set up business and industries.[Its hard to believe but earlier even a car manufactrer needed govt permission to make more or better cars and as result there were only three models in India lol ] And all this liberalisation happened when the global scenario also was growing in large proportions with the IT and telecom sectors booming like crazy.

    Today we have giants in the telecom, computing, auto, textile, steel and many other sectors competing with each other and with global players. We got Ford cars but we also got Fiat and Honda and Indian built cars by Tata.

    Whether India will become a superpower cannot be predicted because of the political instability and mismanagement. However its resources are plenty : man power, minerals & ores, educational system, defence capability, space research to name a few. Basic education in non-urban areas is still at the level of the dirt and dust found in villages. Health care is also very poorly managed. In agriculture there is total mismanagement of resources and markets making the poor farmers helpless. To give an example recently there was excess harvest of tomatoes in my state and because of lack of cold chains and transportaion farmers were forced to let the fruits rot in fields. This is despite the exports of fruits and vegetables from India to the mid east countries who have a daily demand. They have faced similar situation when they tried to grow Strawberry to export to Europe and US. Likewise many floriculture and aquaculture projects costing millions of $s have been abandoned because of lack of infrastrucure and transportation facilities.

    The reasons are obvious about the success of IT and ITES sectors in India. One is it takes lesser investments as compared to Steel, power or auto sector industries therefore enabling anyone with zero or limited resources to set up software development units. Secondly the stock market was also liberalised allowing companies to raise capital from the public with much less restrictions. And there are plenty of concessions and softloans given by the govt since it is a developing sector. With ofcourse the low cost of operations with skilled people easily available being the main factors.

    In my opinion the positive signs in India today over ride the negatives so we can expect a lot in the near future. Especially in space research, communications, IT and old economy sectors like steel, ship building, auto, pharma, agriculture etc there is lot of scope for development. Chinese and Indian businessmen have started to explore possibilities of collaborations and other deals to gain advantage. If these two ancient civilizations can put their heads together they can certainly shake the world economy.

  10. #10
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    I like indian railways :)

    India has a long way to go.

    No country can be a superpower without an industralized base and proper infrasturcture both which india is weak in.

    It took the USA 200 years to be a superpower. There is no short cut.

    A $100 billion investment in Indian infraturcture per year for next 5 -10 years can make the nation at par with China and S Korea etc in infrasturcture .. last I checked the foreign exchnage resevers were $150 billion .. what is the govt doing with that money ?

    Start from villages .. forget the cities .real india is 65% rural and lives in 100,000 villages. Make the villages comparble to west and you have a country of 1.1 billion with a market more than enture EU, Africa and South America in size and $$. Once the rural parts are done, the cities will automatically catch up.


    Investment in infrasturcture is needed BADLY before its too late ..
    I visited SHanghai and Shezuan recently and BOY !! Their newely built roads and transport systems can shame NYC many times more.

    When I travelled from Delhi to Taj Mahal in Agra, the highway is 2 laned with no markings , no dividers and every form of transports, from cycles to bullock carts to elephants to 18 wheelers are your co passengers. Strange We hired a Toyota Qualis diesel ..made in India very nice SUV .. cheap too

    $55/day unlimited miles with a college educated master degree toruist guide and chauffer !!! Here in NYC, u cannot even get a compact Dodge Neon from Hertz this cheap.

    280 Kms takes 6 hours .. thats horrible !! And once inside the ancient citry of AGra, its a nightmare to even travel by foot.

    What i suggest is this : Have a TGV the French Thallis or the one Korea has the KTX from Delhi airport to Agra rigth next to Taj mahal .. you can have Taj Mahal from delhi in 1 hour .. I predict a million peopel will visit ( tourists) in 1 year if the govt does something like that

    If India can match China in manufacturing, it will be world #2 in 10-20 years .. beating the chinese badly. Services they are now #1 market in BPO and ousourcing.

    The current GDP PPP per capita is $1000 .. if they can get that to $8000 - $10,000 in next 10-20 years, they will be a powerhouse.
    Reak GDP us $400 .. thats shows inspite of so many advancements, the majority is living ion $400 a year.



    Someone said $2 per day ..you can live in India for $2 a day and eat a hot cooked healthy meals 3 times a day with that. Cannpt pay rent but hey food you can manage i think.

    Not in cities but in the villages certainly. RS100/day is what the workers earn i have seen.

    What is the price of a pepsi 300 ml in india > Rs 8 ?

    Funny thing .. the Delhi Metro system was installed recently. ALl the trains are now being sent back to Korea as they cannot handle the load of passengers.

    To give you an idea of passenger load in rush hour, in Mumbai those local trains carry 20,000 passengers EACH !! when the leagal capacity is 3000. 7 times more !!

    I thought NYC subway was hardcore .. good grief the bombay local trains .. I will NEVER travel there , ,no doors, no seats, you can fall off the moving trian anytime ... holy lord of mercy
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    All said and done, Indian Railways is best !! Can't love them enuff !

    Another interestign fact is that the largest employer in the world is Indian Railways. It has 1.245 million people on its PAYROLL !!!!

    Thats 1,245,000 people it writes checks to every month as employees and offer employee benefits.
    Thats more than the population of so many countires lol

    Its second largest railway system in world after US .. comparing the sizes of two countries, its intense in the sub continent.
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  11. #11
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    here is another twist to outsourcing debates:

    WSJ looks at another outsourcing which is taking place:


    60,000 foreign patients who were treated at Apollo Hospitals over the past three years. Since its start as a single hospital in 1983, Apollo has grown to 37 hospitals with more than 6,400 beds, making it one of the largest private hospital chains in Asia. Apollo's emergence as a global health-care provider in many ways tracks India's economic trajectory over the past three decades. The company has capitalized on the high cost of health-care administration in the U.S. and demands of patients elsewhere, for fast, inexpensive treatment.

    Hundreds of Apollo's data processors work late-night shifts providing billing services and processing insurance claims for U.S. hospitals and insurers. Apollo laboratories perform clinical trials for Western drug companies, such as Pfizer Inc. and Eli Lilly & Co. Apollo even remotely evaluates X-rays and CAT scans.

    Apollo's range of medical services -- from the back office to the operating room -- highlights the contradictions of the global outsourcing debate. In seeking to provide a wide range of services at a large discount to Western competitors, Apollo is yet another Indian company threatening jobs in the U.S. and other countries. On the other hand, Apollo's relatively inexpensive medical services have benefited patients from numerous countries. It also has helped India's overburdened health-care system. India has fewer than one hospital bed per 1,000 people, compared with more than seven in developed countries.

    "We're showing that a field like medicine is very much a two-way street," says Prathap C. Reddy, 72 years old, a physician who founded Apollo and now runs it with his four daughters from Madras, also known as Chennai. "We can all grow from each other's strengths."

    Apollo and a half dozen other private Indian hospital companies are adding patient rooms, buying new equipment and installing modern telecommunications gear. Meanwhile they also are setting up marketing offices in cities such as London and Dubai to attract patients, many of whom remain wary of seeking health care in the developing world. Few of Apollo's patients come from the U.S.

    The Indian government sees health care as a growth industry. Public and private Indian universities are churning out 20,000 doctors and 30,000 nurses a year, some of them destined for jobs in western countries. That is roughly triple the pace at which nurses were trained during the 1990s.

    In the so-called medical-tourism business, the focus is on big-ticket surgical procedures from face-lifts to liver transplants. Asian countries such as Thailand, Malaysia and Singapore have taken the lead in this field. Promoting health-care services alongside tourist destinations, the countries attracted more than 600,000 patients in 2003 alone, according to officials in Thailand and Malaysia.

    Apollo offers cardiac surgery for about $4,000, compared with at least $30,000 in the U.S. Apollo's orthopedic surgeries cost $4,500, less than one-fourth the U.S. price. Consulting firm McKinsey & Co. says medical tourism could become a $2 billion-a-year business in India alone by 2012; the category is so new it previously wasn't measured.

  12. #12
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    With queues lining up in UK's nhs I read somewhere once standards improve it is time for outsourcing health services too !
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