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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 451.89+1.9%Jan 22 4:00 PM EST
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To: elmatador who wrote (8889)9/3/2006 4:33:28 PM
From: arun gera  Read Replies (1) of 219642
 
>India’s economic advancement no longer rests on telephone call centers and computer programmers.>

India's economic development still depends on its rural economy (75 percent of population) versus the urban economy (25 percent of the population). A good monsoon still does wonders.

In India, the industrial work force has been stagnant for a fairly long time. The govt. owned companies are being replaced by private companies that use less labor.

India has been steadily advancing its education for the last 35 years. However, the developed countries did not acknowledge it. There was a perception that an Indian could not do well unless he got a degree from US. However, the IT shortage in the 1990s gave opportunities to Indians from unknown universities who did very well in US organizations.

Now the perception is reversed. Now the US companies think that there in an infinite supply of excellent ready made workers at low price. This is not true either. There is a lot of investment in training required to harness this pool. Still a good deal, except that for every 10 employees a company trains, only 4 will be with the company in 1-2 years.

-Arun
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