India- Its Brobdingnagian Dimensions

Boasting On India

§5,000 year old ancient civilization
§ 325 languages spoken – 1,652 dialects
§ 18 official languages
§ 29 states, 5 union territories
§ 3.28 million sq. kilometers - Area
§ 7,516 kilometers - Coastline
§ 1.3 Billion population.
§ 5600 dailies, 15000 weeklies and 20000 periodicals in 21 languages with a combined circulation of 142 million.
§ GDP $576 Billion. (GDP rate 8%)
§ Parliamentary form of Government
§ Worlds largest democracy.
§ Worlds 4th largest economy.
§ World-class recognition in IT, bio-technology and space.
§ Largest English speaking nation in the world.
§ 3rd largest standing army force, over 1.5Million strong.
§ 2nd largest pool of scientists and engineers in the World.

1. §Bharat Forge has the world's largest single-location forging facility, its clients include Honda, Toyota and Volvo amongst others.
   
2. §Hero Honda with 1.7M motorcycles a year is now the largest motorcycle manufacturer in the world.
   
3. §India is the 2nd largest tractor manufacturer in the world.
   
4. §India is the 5th largest commercial vehicle manufacturer in the world.
   
5. §Ford has just presented its Gold World Excellence Award to India's Cooper Tyre
6. §Suzuki, which makes Maruti in India has decided to make India its manufacturing, export and research hub outside Japan.
   
7. Hyundai India is set to become the global small car hub for the Korean giant and will produce 25k Santros to start with.
   
8. §By 2010 it is set to supply half a million cars to Hyundai Korea. HMI and Ford.
   
9. §The prestigious UK automaker, MG Rover is marketing 100,000 Indica cars made by Tata in Europe, under its own name.
   

§Aston Martin contracted prototyping its latest luxury sports car, AM V8 Vantage, to an Indian-based designer and is set to produce the cheapest Aston Martin ever.

India: Technology Superpower

§Geneva-based STMicroelectronics is one of the largest semiconductor companies to develop integrated circuits and software in India.

§Texas Instruments was the first to open operations in Bangalore, followed by Motorola, Intel, Cadence Design Systems and several others.

§80 of the World’s 117 SEI CMM Level-5 companies are based in India.

§5 Indian companies recently received the globally acclaimed Deming prize. This prize is given to an organization for rigorous total quality management (TQM) practices.

§15 of the world's major Automobile makers are obtaining components from Indian companies.
§This business fetched India $1.5 Billion in 2003, and will reach $15 Billion by 2007.

§New emerging industries areas include, Bio-Informatics, Bio-Technology, Genomics, Clinical Research and Trials.

§World-renowned TQM expert Yasutoshi Washio predicts that Indian manufacturing quality will overtake that of Japan in 2013.

§McKinsey believes India's revenues from the IT industry will reach $87 Billion by 2008.

§Flextronics, the $14 billion global major in Electronic Manufacturing Services, has announced that it will make India a global competence centre for telecom software development.

India : Trade

§Tata Motors paid $ 118 million to buy Daewoo commercial vehicle Company of Korea.
§
§Ranbaxy, the largest Indian pharmaceutical company, gets 70% of its $1 billion revenue from overseas operations and 40% from USA.
§
§Tata Tea has bought Tetley of UK for £260M.
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§India is one of the world's largest diamond cutting and polishing centres, its exports were worth $6 Billion in 1999.
§About 9 out of 10 diamond stones sold anywhere in the world, pass through India.
§
§Garment exports are expected to increase from the current level of $6 billion to $25 billion by 2010.
§
§The country's foreign exchange reserves stand at an all-time high of $120 Billion.
§
§India's trade with China grew by by 104% in 2002 and in the first 5 months of 2003, India has amassed a surplus in trade close to $0.5M.
§
§Mobile phones are growing by about 1.5Million a month. Long distance rates are down by two-thirds in five years and by 80% for data transmission.
§
§Wal-Mart sources $1 Billion worth of goods from India - half its apparel. Wal-Mart expects this to increase to $10 Billion in the next couple of years.
§
§GAP sources about $600 million and Hilfiger $100 million worth of apparel from India.

India - Self Reliance

§India is among six countries that launch satellites and do so even for Germany, Belgium, South Korea, Singapore and EU countries.
§
§India's INSAT is among the world's largest domestic satellite communication systems.
§
§India’s Geosynchronous Satellite Launch Vehicle (GSLV) was indigenously manufactured with most of the components like motor cases, inter-stages, heat shield, cryogenic engine, electronic modules all manufactured by public and private Indian industry.
§
§Kalpana Chawla was one of the seven astronauts in the Columbia space shuttle when it disintegrated over Texas skies just 16 minutesbefore its scheduled landing on Feb 1st 2003, she was the second Indian in space.
§Back in 1968, India imported 9M tonnes of food-grains to support its people, through a grand programme of national self-sufficiency which started in 1971, today, it now has a food grain surplus stock of 60M.
§India is among the 3 countries in the World that have built Supercomputers on their own. The other two countries being USA and Japan.
§India built its own Supercomputer after the USA denied India purchasing a Cray computer back in 1987.
§India’s new ‘PARAM Padma’ Terascale Supercomputer (1 Trillion processes per sec.) is also amongst only 4 nations in the world to have this capability.
§
§India is providing aid to 11 countries, writing-off their debt and loaning the IMF $300M.
§It has also prepaid $3Billion owed to the World Bank and Asian Development Bank.

India: Pharmaceuticals

§The Indian pharmaceutical industry at $6.5 billion and growing at 8-10% annually, is the 4th largest pharmaceutical industry in the world, and is expected to be worth $12 billion by 2008.
§
§Its exports are over $2 billion. India is among the top five bulk drug makers and at home, the local industry has edged out the Multi-National companies whose share of 75% in the market is down to 35%.
§Trade of medicinal plants has crossed $900M already.
§
§There are 170 biotechnology companies in India, involved in the development and manufacture of genomic drugs, whose business is growing exponentially.
§
§Sequencing genes and delivering genomic information for big Pharmaceutical companies is the next boom industry in India.

India: Foreign Multi-National Companies

Top 5 American employers in India:
General Electric: : 17,800 employeesHewlett-Packard : 11,000 employeesIBM : 6,000 employeesAmerican Express : 4,000 employeesDell : 3,800 employees
§General Electric (GE) with $80 Million invested in India employs 16,000 staff, 1,600 R&D staff who are qualified with PhD’s and Master’s degrees.
§
§The number of patents filed in USA by the Indian entities of some of the MNCs (upto September, 2002) are as follows: Texas Instruments - 225, Intel - 125, Cisco Systems - 120, IBM - 120, Phillips - 102, GE - 95.
§
§Staff at the offices of Intel (India) has gone up from 10 to 1,000 in 4 years, and will reach 2000 staff by 2006.
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§GE's R&D centre in Bangalore is the company's largest research outfit outside the United States. The centre also devotes 20% of its resources on 5 to 10 year fundamental research in areas such as nanotechnology, hydrogen energy, photonics, and advanced propulsion.
§
§It is estimated that there are 150,000 IT professionals in Bangalore as against 120,000 in Silicon Valley.

India: BPO

§The domestic BPO sector is projected to increase to $4 billion in 2004 and reach $65 billion by 2010. (McKinsey & Co.).
§The outsourcing includes a wide range of services including design, architecture, management, legal services, accounting and drug development and the Indian BPOs are moving up in the value chain.
§
§There are about 200 call centers in India with a turnover of $2 billion and a workforce of 150,000.
§
§100 of the Fortune 500 are now present in India compared to 33 in China.
§
§Cummins of USA uses its R&D Centre in Pune to develop the sophisticated computer models needed to design upgrades and prototypes electronically and introduce 5 or 6 new engine models a year.
§
§Business Week of 8th December 2003 has said "Quietly but with breathtaking speed, India and its millions of world-class engineering, business and medical graduates are becoming enmeshed in America's New Economy in ways most of us barely imagine".

William H. Gates, Chairman and Chief Software Architect Microsoft Corporation
(b-1955):
“…after the Chinese, South Indians are the smartest people in the world.”

Indians abroad
A snapshot of Indians at the helm of leading Global businesses

The Co-founder of Sun Microsystems (Vinod Khosla),
Creator of Pentium Chip (Vinod Dahm),
Founder and creator of Hotmail (Sabeer Bhatia),
Chief Executive of McKinsey & Co. (Rajat Gupta)
President and CFO of Pepsi Cola (Indra Nooyi)
President of United Airlines (Rono Dutta)
GM of Hewlett Packard (Rajiv Gupta)
President and CEO of US Airways (Rakesh Gangwal)
Chief Executive of CitiBank (Victor Menezes),
Chief Executives of Standard Chartered Bank (Rana Talwar)
Chief Executive officer of Vodafone (Arun Sarin)
President of AT & T-Bell Labs (Arun Netravali)
Vice-Chairman and founder of Juniper Networks (Pradeep Sindhu)
Founder of Bose Audio (Amar Bose)
Founder, chip designer Cirrus Logic (Suhas Patil )
Chairman and CEO of Computer Associates (Sanjay Kumar)
Head of (HPC WorldWide) of Unilever Plc. (Keki Dadiseth)
Chief Executive Officer of HSBC (Aman Mehta)
Director and member of Executive Board of Goldman Sachs (Girish Reddy)
Chief Economist of the International Monetary Fund (Raghuram Rajan)
Former CTO of Novell Networks (Kanwal Rekhi)

“IIT = Harvard + MIT + Princeton”

“IIT = Harvard + MIT + Princeton” , says CBS ‘60 Minutes’.
CBS' highly-regarded ‘60 Minutes’, the most widely watched news programme in the US, told its audience of more than 10 Million viewers that “IIT may be the most important university you've never heard of."
"The United States imports oil from Saudi Arabia, cars from Japan, TVs from Korea and Whiskey from Scotland. So what do we import from India? We import people, really smart people," co-host Leslie Stahl began while introducing the segment on IIT.“…the smartest, the most successful, most influential Indians who've migrated to the US seem to share a common credential: They are graduates of the IIT.”

“…in science and technology, IIT undergraduates leave their American counterparts in the dust.”
“Think about that for a minute: A kid from India using an Ivy League university as a safety school. That's how smart these guys are.”
There are “cases where students who couldn't get into computer science at IIT, they have gotten scholarships at MIT, at Princeton, at Caltech.”

DISCLAIMER: None of the above information is gurateed to be accurate.

SOURCE : SPECIAL TO THE EXPRESS ON AUGUST 15 :Arun Shourie

posted by Likhitha @ 2:16 PM 8 comments

Expectations on India after 10 years....

Economics experts and various studies conducted across the globe envisage India and China to rule the world in the 21st century. For over a century the United States has been the largest economy in the world but major developments have taken place in the world economy since then, leading to the shift of focus from the US and the rich countries of Europe to the two Asian giants- India and China.




The rich countries of Europe have seen the greatest decline in global GDP share by 4.9 percentage points, followed by the US and Japan with a decline of about 1 percentage point each. Within Asia, the rising share of China and India has more than made up the declining global share of Japan since 1990. During the seventies and the eighties, ASEAN countries and during the eighties South Korea, along with China and India, contributed to the rising share of Asia in world GDP. According to some experts, the share of the US in world GDP is expected to fall (from 21 per cent to 18 per cent) and that of India to rise (from 6 per cent to 11 per cent in 2025), and hence the latter will emerge as the third pole in the global economy after the US and China.

By 2025 the Indian economy is projected to be about 60 per cent the size of the US economy. The transformation into a tri-polar economy will be complete by 2035, with the Indian economy only a little smaller than the US economy but larger than that of Western Europe. By 2035, India is likely to be a larger growth driver than the six largest countries in the EU, though its impact will be a little over half that of the US. India, which is now the fourth largest economy in terms of purchasing power parity, will overtake Japan and become third major economic power within 10 years.

posted by Likhitha @ 8:03 AM 4 comments

India - A Super Power???

India being a developing country with enormus potential impressed many welathy naitions world wide. It impressed many leaders and officials from United States , France, Germany , Russia and made them spot India's Rise.

The Indian economy has grown an average of around 6% annually over the past decade and 8% per year over the past three years—among the fastest rates in the world. It boasts an emerging middle class and increasing gross domestic product, exports, employment and foreign investment.

India’s growth becomes more impressive in light of the fact that it is driven by a fraction of its population.

Despite the problems seen in India’s underdeveloped countryside—for example, massive unmet infrastructure needs; more illiterate citizens than any other single nation—there are several areas in which the nation excels. These particular specialized talents have allowed a tiny percentage of the populace—perhaps less than 1%—to spearhead its move toward a higher standing in the world order.

Between East and West:

With its newfound power, India faces a dilemma: Should it ultimately pursue closer ties with Western nations, or with other Asian countries?

After India gained independence, its first prime minister spoke of an Asian renaissance, envisioning a tightly bound continent changing the post-World War II landscape. Though premature at the time, the idea is now more feasible than any time since the Cold War era. Along with the improving relations with China, India is also friendly with Russia and Japan. And, as of 2004, the value of India’s trade with other Asian nations surpassed that of exchange with the United States and Western Europe put together (International Herald Tribune).

A Turning Point in Relations With China?

Many have compared India’s pattern of growth to its neighbor, China. The countries have much in common—physical borders, immense populations, similar challenges, ancient civilizations, and quickly-rising economies. India also measures itself against China, coveting its economic power and international standing, including its permanent seat on the United Nations Security Council.

Though a degree of tension does remain between the two nations, with lingering memories of the brief 1962 war in which China soundly defeated India, the relationship between these two Asian giants is warming up. Trade between them is now increasing at a vigorous pace, and diplomatic relations are at a post-1962 highpoint.

India - Trade

• Tata motors paid $118 million to buy Daewoo commercial vehicle company of Korea
  
• Ranbaxy the largest Indian pharmaceutical company gets 70% of its 1 billion revenue from overseas operations and 40% from USA
  
• Tata tea has bought Tetley Tea of UK for 260million pounds
  
• India is one of the largest diamond cutting and polishing centers in the world. Its exports worth $6 billion in the year of 1999
  
• Countries foreign exchange reserves stand all the time high for $120 billion
  
• India’s trade with china grew by 104% in 2002
  
• walmart sources $1 billion worth of goods are from India.half of its apparel is from India
• GAP sources about $600 million hilfiger and $100 million worth aapparel from India

India - Self Reliance

• India is among the six countries in the world that launched satellites and does so for even Germany, Belgium, south Korea, Singapore and EU countries
  
• India’s INSAT is among the world’s largest democratic satellite communication system
  India’s Geosynchronous Satellite launch vehicle (GSLV) was indigenously was manufactured with most of the components like motor cases, heat shield, cryogenic engine , electronic modules all manufactured by public and private Indian industries
  
• India is among the 3 countries in the world that built their own supercomputers. The other 2 being USA and Japan
• India’s new ‘Param padma’ terascale supercomputer is also amongst only 4 nations in the world to have this capacity.

posted by Likhitha @ 5:29 AM 0 comments