All entries for October 2007

October 14, 2007

The problem with india

In today' s world, the buzz word in evry industry is " outsourcing".India, previously known to be a third world country, does not figure out any close to the previous reputation. No one dares to term INDIA  as a third world country, because the West knows that whatever they are wearing and consuming everyday has a "made in India" or perhaps a " made in China" tag  attached to it. The West people have also remembered India as the place where 'technology " comes from. Apparently, Indian accents were alien to the world and whenever an Indian tried to put his thoughts across the other person's mind, the person concluded he was speaking some language that was no where near to English; the same accent in heard everytime you dial a customer care service of any bank or electronic company. Gradually, India is building its image, as a centre for call centres. 

A decade ago, noone in their wildest of dreams did think that an Indian company, can actually break the barriers  of its sluggish economy and the restrictive government policies and unneccessary intervention, cross the national boundaries and go GLOBAL.Last year, TATA acquired Corus and became fourth largest steel producer in the world. the merger between Arceleor and Mittal, is a milestone, worth keeping record of. Reliance is conquering every barrier to business and recently Reliance industries aquires a loss making Malaysian company polyester - " Hualon corp " for $250 million. Indian companies are actually out in the fieldaspiring to o cross boundary and grow a company, that an Indian could only dream of.

Everything seems to be going India's way. the growth rate of 9 % every year, compared to the 3 % we had in the 1980s. Everything seems to be on the rigth path, but what is the bug that is preventing us from reaching the zenith of sucess. India has got everything it needs to be a developed and dignified nation- Energy resources, Capital reserves, Skilled Labour, Investment in every sector, strong Army.. what is lacking. 

There seems to be a black cloud which is  hindering the progress and halting us unnecessarily in our modern revolution.

... to be continued                                                                                                                                                                                                                                                                                            

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