Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : India Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Cary Salsberg who wrote (411)	3/15/2004 12:45:13 PM
From: slacker711	Respond to of 2517

They are paid below what a US citizen would be paid and they would earn even less in other domestic jobs. It would be equally logical to say that US citizens are simply overpaid for the services that they are providing. Do you really think that Indian software programmers are "exploited"? JMO, but I think the word loses all of its meaning if you decide to apply it to a group of people that are fabulously rich and not working some sort of back-breaking or dangerous job. Maybe, because capitalism isn't working very well in India. Prior to '91, I dont think that capitalism would have been a very good desciption of India's economy. I dont see it as a coincidence that the last decade has brought about a huge amount of growth just as India began to move away from its heavily regulated past. Slacker

To: Cary Salsberg who wrote (411)	3/15/2004 8:53:04 PM
From: Sam Citron	Read Replies (1) \| Respond to of 2517

Why can't over 1 billion Indians keep they own call centers busy? The short answer is that most Indians still do not even have phones - cell phones or landlines. In spite of India's recent growth, it is still a poor country and most Indian families do not yet have the kind of discretionary income to afford the amenities that keep call centers busy. People are still struggling for the most part with adequate food and shelter. Call centers have been developed in India and other countries to efficiently serve a worldwide market. The call center industry is quite new. There is substantial growth in other countries, but it started as an American industry. India does not yet have the level of consumerism that exists in the US, where people expect to reach customer service with an 800 telephone number. It will get there, but it will take some time. I agree with the previous poster who noted that India's recent growth spurt largely coincided with its liberalization from antiquated socialist policies dating back to the Indira Gandhi era that stifled foreign trade and investment. Sam

To: Cary Salsberg who wrote (411)	3/15/2004 11:07:55 PM
From: Siva Uppalapati	Read Replies (1) \| Respond to of 2517

India is not industrialized country and the per capita incomes are very low. The per capita income is about $500/year. Comparable US per capita is about $35,000. So an average person in india just earns about 1.5% of US wages. People in USA (if they have not traveled to developing countries) can never understand the daily struggle of many people in india and how poor people can be. Lot of people (about 300-400 million) live on less than $1 a day. It is a major struggle to be properly clothed, to buy even slippers or shoes and earn food everyday. About 15 years back, India was among the 10 poorest countries (per capita) in the whole world. Things are improving though. Siva