BizWeek (Intl): India Wired-"India is for real.." Grady Means,Pricewaterhouse
Looks like this cover story in this week's Business Week (Intl Edition) could have helped too.
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Grady E. Means, who heads PricewaterhouseCoopers' global corporate-strategy practice. 'India is for real, for real, for real.'
(Information technology is lifting the economy, and the politicians are backing it)
Longer term, the technology boom will have its biggest impact on India's domestic economy. Already, the country has 10,000 cybercafes. Within three years, Goldman Sachs estimates that the number of India's Net users will balloon from 2 million to 70 million.
The main catalyst for the wiring of India, however, is the surge in global demand for electrical engineering and software of all kinds. As multimedia takes off, the need for such services will mushroom. Indian companies are becoming proficient in chip design, Web-based services, and telecom software, among other fields. While these skills are scarce in the U.S. and Europe, India has them in profusion. The country's universities are pumping out 120,000 engineering graduates a year, and the number reaches nearly 1 million when polytechnics and the country's 3,000 computer-training institutes are included. And nearly 100 such institutes are opening every month. Many Indian outfits are also known for high-quality work. Of the 21 companies worldwide that hold the Carnegie Mellon Software Engineering Institute's highest ranking, 12 are from India--including Motorola Inc.'s Bangalore subsidiary, Citigroup software subsidiary I-Flex Solutions, Infosys, and Wipro.
(By Manjeet Kripalani in Bangalore, with Mark L. Clifford in Hyderabad- Business Week International Edition)
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