Saturday, July 30, 2005
The New York Times: Premium Archive
Our Place in the World: Global forces alter U.S. economy
India, China will rule the world: US expert
Friday, July 08, 2005
Bangalore as HQ for Technology in Education Initiative: UN
siliconindia.com: "Bangalore as HQ for Technology in Education Initiative: UN
Friday, July 08, 2005
BANGALORE: The UN has chosen Bangalore as headquarters for its ‘technology in education’ initiative.
The UN expressed that the Bangalore has all the qualification to handle this global campaign. Besides, this will be the first ever project undertaken by UN in Bangalore.
To reach out education and community development an exclusive focus., the UN has recently launched a special campaign to promote the Use of technology in education referred as Global e-school and Communities Initiative (Gesci) under Information and communications technologies (ICT) task force.
The role of India, in this project as a workshop to diverse tech-driven educational cum-community development and best practices in order to benefit the world.
Gesci, India programme facilitator Aruna Sundararajan said that the UN has tremendous faith in India’s potential in ICT and its capability of building diverse education and community service models, which will have relevance across the globe.
Corporates like Microsoft, Intel and IBM will be associating the project, as per the source.
Sources
"
Friday, July 08, 2005
BANGALORE: The UN has chosen Bangalore as headquarters for its ‘technology in education’ initiative.
The UN expressed that the Bangalore has all the qualification to handle this global campaign. Besides, this will be the first ever project undertaken by UN in Bangalore.
To reach out education and community development an exclusive focus., the UN has recently launched a special campaign to promote the Use of technology in education referred as Global e-school and Communities Initiative (Gesci) under Information and communications technologies (ICT) task force.
The role of India, in this project as a workshop to diverse tech-driven educational cum-community development and best practices in order to benefit the world.
Gesci, India programme facilitator Aruna Sundararajan said that the UN has tremendous faith in India’s potential in ICT and its capability of building diverse education and community service models, which will have relevance across the globe.
Corporates like Microsoft, Intel and IBM will be associating the project, as per the source.
Sources
"
Internet connections up 23% in FY05
siliconindia.com: "Internet connections up 23% in FY05
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Wednesday, July 06, 2005
NEW DELHI: The number of Internet subscribers in India went up by 23 percent in 2004-05 comparing it to the 2.92 million over 2003-04.
'The number of active internet subscribers increased to 2.92 million in March 2005, from 2.36 million in March 2004,' informed MAIT.
Dial-up remained the most commonly used means for accessing the internet among businesses, although proportion of business using dial-up has dropped to 54 percent in the present year from 60 percent to the last year.
The proportion of access through cable link increased from 16 percent to 23 percent during the same period, while that of DSL increased from two percent to six percent.
The penetration of Internet in the top 22 cities was 48 percent among businesses, and 13 percent for households. "
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Wednesday, July 06, 2005
NEW DELHI: The number of Internet subscribers in India went up by 23 percent in 2004-05 comparing it to the 2.92 million over 2003-04.
'The number of active internet subscribers increased to 2.92 million in March 2005, from 2.36 million in March 2004,' informed MAIT.
Dial-up remained the most commonly used means for accessing the internet among businesses, although proportion of business using dial-up has dropped to 54 percent in the present year from 60 percent to the last year.
The proportion of access through cable link increased from 16 percent to 23 percent during the same period, while that of DSL increased from two percent to six percent.
The penetration of Internet in the top 22 cities was 48 percent among businesses, and 13 percent for households. "
India becomes a $650 B economy
siliconindia.com: "India becomes a $650 B economy
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Friday, July 01, 2005
NEW DELHI: Strong manufacturing and services growth propelled India’s per capita income at current prices to $534 in 2004-05. With this India has become a $650 billion economy.
The impressive 10.7 percent growth in per capita income was achieved despite a meager 1.1 percent growth in output of the monsoon-hit farm sector, which is the source of income and livelihood for over 600 million of the country’s 1.08 billion population.
The revised estimates of national income, released by the Central Statistical Organization (CSO), thus had a possible explanation for the burgeoning consumer class in the country and the busy shopping centers.
The rise in jobs and income in the services sector has created a large consumer base among the youth, willing to spend on manufactured goods like cars, TVs and electronic items. Middle-class households are taking advantage of low interest rates on consumer and housing loans.
The per capita income at current prices rose by 10.7 percent in 2004-05 from $446 in the previous year, even though the real GDP growth slowed down — in line with earlier government estimates — to 6.9 percent from 8.5percent.
In the final quarter of 2004-05, there was an acceleration of real GDP growth to 7 percent from 6.4 percent in Q3, showing the continued growth momentum in services and manufacturing."
Print this article
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Friday, July 01, 2005
NEW DELHI: Strong manufacturing and services growth propelled India’s per capita income at current prices to $534 in 2004-05. With this India has become a $650 billion economy.
The impressive 10.7 percent growth in per capita income was achieved despite a meager 1.1 percent growth in output of the monsoon-hit farm sector, which is the source of income and livelihood for over 600 million of the country’s 1.08 billion population.
The revised estimates of national income, released by the Central Statistical Organization (CSO), thus had a possible explanation for the burgeoning consumer class in the country and the busy shopping centers.
The rise in jobs and income in the services sector has created a large consumer base among the youth, willing to spend on manufactured goods like cars, TVs and electronic items. Middle-class households are taking advantage of low interest rates on consumer and housing loans.
The per capita income at current prices rose by 10.7 percent in 2004-05 from $446 in the previous year, even though the real GDP growth slowed down — in line with earlier government estimates — to 6.9 percent from 8.5percent.
In the final quarter of 2004-05, there was an acceleration of real GDP growth to 7 percent from 6.4 percent in Q3, showing the continued growth momentum in services and manufacturing."
siliconindia.com
siliconindia.com: "India will overtake China: MIT, Harvard
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Wednesday, June 29, 2005
WASHINGTON: In the long run, India will overtake China in economic growth owing to homegrown entrepreneurship, stronger infrastructure to support private enterprise and companies, which compete internationally with global firms, a media report has claimed.
The report, written by Yasheng Huang, Associate Professor at the Sloan School of Management at the Massachusetts Institute of Technology, and Tarun Khanna, a professor at Harvard Business School, said India was 'superior' in utilizing its resources, thus contributing to economic performance.
'The real issue is not where China and India are today but where they will be tomorrow. The answer will be determined in large measure by how well both countries utilize their resources, and on this score, India is doing a superior job,' the duo said in the report published in FP - a magazine published by the Carnegie Endowment.
Differentiating between 'routes' to economic prosperity, they said that India's homegrown entrepreneurship gave it an advantage over China, where Foreign Direct Investment (FDI) largely fuels growth.
'What is the fastest route to economic development? Welcome FDI, says China, and most policy experts agree. But a comparison with long time laggard India suggests that FDI is not the only path to prosperity. Indeed, India's homegrown entrepreneurs may give it a long-term advantage over a China hamstrung by inefficient banks and capital markets,' they argued.
They said the ubiquitous "Made in China" label on everything in a major department store from shoes to garments to toys and electronics obscured an important point: few of these products are made by indigenous Chinese companies.
"You would be hard-pressed to find a single homegrown Chinese firm that operates on a global scale and markets its own products abroad. That is because China's export-led manufacturing boom is largely a creation of FDI, which effectively serves as a substitute for domestic entrepreneurship," they said.
The duo stressed that India provided a more "nurturing environment" for domestic business, thus spawning a number of companies that now compete internationally with the best that Europe and the us have to offer.
"Many of these firms are in the most cutting-edge, knowledge-based industries -- software giants Infosys and Wipro and pharmaceutical and biotechnology powerhouses Ranbaxy and Dr. Reddy's Labs, to name just a few", Khanna and Huang said.
India has also developed much stronger infrastructure to support private enterprise. Its capital markets operate with greater efficiency and transparency than do China's. Its legal system, while not without substantial flaws, is considerably more advanced, the two argued.
Huang and Khanna also contrasted India's "increasingly building from the ground up" to China's pursuit of a "top-down approach" for economic growth, saying it reflected the political systems of both the countries. "India is a democracy and China is not."
"China and India have pursued radically different development strategies.
India is not outperforming China overall, but it is doing better in certain key areas. That success may enable it to catch up with and perhaps even overtake China," the two experts felt.
"It would not only " demonstrate the importance of homegrown entrepreneurship to long-term economic development; it will also show the limits of the FDI-dependent approach China is," the duo said.
"
Print this article
Email this article
Write to editor
Wednesday, June 29, 2005
WASHINGTON: In the long run, India will overtake China in economic growth owing to homegrown entrepreneurship, stronger infrastructure to support private enterprise and companies, which compete internationally with global firms, a media report has claimed.
The report, written by Yasheng Huang, Associate Professor at the Sloan School of Management at the Massachusetts Institute of Technology, and Tarun Khanna, a professor at Harvard Business School, said India was 'superior' in utilizing its resources, thus contributing to economic performance.
'The real issue is not where China and India are today but where they will be tomorrow. The answer will be determined in large measure by how well both countries utilize their resources, and on this score, India is doing a superior job,' the duo said in the report published in FP - a magazine published by the Carnegie Endowment.
Differentiating between 'routes' to economic prosperity, they said that India's homegrown entrepreneurship gave it an advantage over China, where Foreign Direct Investment (FDI) largely fuels growth.
'What is the fastest route to economic development? Welcome FDI, says China, and most policy experts agree. But a comparison with long time laggard India suggests that FDI is not the only path to prosperity. Indeed, India's homegrown entrepreneurs may give it a long-term advantage over a China hamstrung by inefficient banks and capital markets,' they argued.
They said the ubiquitous "Made in China" label on everything in a major department store from shoes to garments to toys and electronics obscured an important point: few of these products are made by indigenous Chinese companies.
"You would be hard-pressed to find a single homegrown Chinese firm that operates on a global scale and markets its own products abroad. That is because China's export-led manufacturing boom is largely a creation of FDI, which effectively serves as a substitute for domestic entrepreneurship," they said.
The duo stressed that India provided a more "nurturing environment" for domestic business, thus spawning a number of companies that now compete internationally with the best that Europe and the us have to offer.
"Many of these firms are in the most cutting-edge, knowledge-based industries -- software giants Infosys and Wipro and pharmaceutical and biotechnology powerhouses Ranbaxy and Dr. Reddy's Labs, to name just a few", Khanna and Huang said.
India has also developed much stronger infrastructure to support private enterprise. Its capital markets operate with greater efficiency and transparency than do China's. Its legal system, while not without substantial flaws, is considerably more advanced, the two argued.
Huang and Khanna also contrasted India's "increasingly building from the ground up" to China's pursuit of a "top-down approach" for economic growth, saying it reflected the political systems of both the countries. "India is a democracy and China is not."
"China and India have pursued radically different development strategies.
India is not outperforming China overall, but it is doing better in certain key areas. That success may enable it to catch up with and perhaps even overtake China," the two experts felt.
"It would not only " demonstrate the importance of homegrown entrepreneurship to long-term economic development; it will also show the limits of the FDI-dependent approach China is," the duo said.
"
