Posted by: Captain Haddock October 21, 2006
A growing Indian empire
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Loote!! Buddy ole pal! How goes? Thanks for the video - a great piece of commentary no doubt. I don't know if you have seen Fareed Zakaria's interview with Tom Friedman - I couldn't find it on YouTube - but it touches on a very similar theme. Undoubtedly, India has miles to go before it catches up with China but it is getting there slowly but surely. Like the VP at Infosys said, no one has been able to pull so many people out of poverty in such a short span as China, but India continues to thrive in spite of it's poverty which is pretty remarkable. The key, in my opinion, will be to continue to keep wages competitive to attract Western businesses and build long-term institutions that will guarantee a good pool of talent to meet the needs of such businesses.
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