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India, China will be growth engines: Indian PM [Copy link] 中文

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Post time 2008-8-30 07:08:09 |Display all floors
China’s best-kept secret: India

A silent revolution that began over a decade ago is changing lives across China. More than 7.5 lakh students — the number’s rising by 1.8 lakh per year — have acquired software skills from Indian companies.

These students are also opening a window for ordinary Chinese into the often-frosty relationship between the two Asian rivals.

The story began in 1997, when NIIT tiptoed into Shanghai — the first Indian software foray into China — facing competition from leading US companies.Liu Mei (27), a former kindergarten teacher who studied at Indian training major NIIT’s Shanghai centre, is set to get a job as a software engineer. "Taking care of children was nice, but software design is a bigger challenge,” Liu told the Hindustan Times through an interpreter. “I am also discovering India. Earlier, all I knew about India was garlic and spicy food.”

Aptech’s China joint venture is the market leader in IT training, with 260 centres across the country. Company officials said it has over 3.3 lakh present and former students. NIIT is present in 180 locations in 65 cities, including 132 universities.

Universities embed NIIT curriculum in courses, bringing together Indian software lessons with Mao’s theory. The training institute gets over 50,000 students every year.

The story began in 1997, when NIIT tiptoed into Shanghai — the first Indian software foray into China — facing competition from leading US companies.

"We knew that, as far as software is concerned, China could become another India," said Prakash Menon, NIIT’s Shanghai-based China president, as he ordered lunch in Mandarin at a Beijing restaurant. “At a time when education by a foreign company was a no-no, our public-private partnership got the go-ahead.”

The push is part of China’s ‘ten-hundred-thousand programme’ — promoting 10 cities as outsourcing bases, attracting 100 multinationals and assisting the development of at least 1,000 enterprises that will help double service exports by 2010. China is also setting up a fund to provide software training for up to 4 lakh university students over the next four years.

The provinces are so excited with Indian software training that their demands are becoming ambitious. Communist Party secretary of Jiang Su province—the state’s most powerful man—invited Menon to meet him three years ago, saying he wanted 2 lakh students trained in five years, in English.

The city of Wuxi offered Menon a building - and dormitory —to set up a facility. Within 30 days of the first meeting, classes had begun. Chongqing, a southern city of 31 million, invited NIIT this year with a similar offer. Others have followed.

“We have the red carpet rolled out in every province,” Menon said. Many of his students end up getting jobs in the company’s centres.

The software push is changing the way Chinese youth look at India.

"Young engineers find value in working with Indian companies,” said Raghvendra Tripathi, China head of leading IT company Satyam. “They probably did not look up to India earlier, but they respect us now.”  Students agree. “In the Chinese mind, Indians have the best software in the world,”said Shen Feng Wei, a 20-year-old NIIT student. "Indians are famous here." ... 2-b0e6-f3c82beeea80

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Post time 2008-9-19 03:15:01 |Display all floors
India, China to become superpowers in two decades: key Obama aide
18 Sep, 2008, 1935 hrs IST, PTI

MUMBAI: Emergence of India and China as economic power blocs will change the existing world order in the next two decades, a senior aide to Democratic presidential candidate Barack Obama said here Thursday.

"They will have the power to change the existing world order and that would mark the end of an American era that began with the Cold War," said Dr. Philip Gordon, advisor to Obama on foreign policy.

He was addressing an interactive session on "The Geopolitics of Emerging Global Powers," organized by the Confederation of Indian Industry (CII), Western Region.

Gordon remarked that as economies of both India and China are charging ahead, both the countries are poised to play greater roles on the international stage in the coming years.

"My guess is that, as things stand today, in the next two decades, the United States will lose its sole superpower status and the countries which will share it with US would be India and China by virtue of their economic strength," said the academician, who is Senior Fellow for US Foreign Policy at the Brookings Institution, Washington, D.C.

Gordon explained that the economic rise of a country naturally led to assumption of political power and India and China would be well-equipped to hold that position on the international scene within the next two decades.

In view of the above, it is important that America, as sole superpower today, engages India and China for resolving more and more international conflicts. On their part, both the future superpowers need to share the American concerns in this regard, he urged.

Dismissing the argument that, as sole superpower, America was now pushing its way at will and poking its nose everywhere, Gordon pointed out that though many of the steps taken by the Bush administration might seem so on the surface, the primary intention of the President George Bush was to bring stability in the strife-torn areas.

"As no other countries initiated the process for bringing about international stability, America ends up looking as if it is pushing its way at will," he said.

Making an indirect reference to the consequences of the Iraq war, the American foreign policy expert remarked that major wars are no longer acceptable, economically as well as politically, to resolve conflicts.

Replying to a question as to why America now seemed to be shifting its interest from Pakistan to India, Gordon said alliance between countries are forged not out of good feeling towards each other but out of national and international interests.

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Post time 2008-9-22 13:52:53 |Display all floors

Reply #72 buddy35's post

China is 7x more productive than India!

get real, Mr. Buddy!
look at Russian Federation, they are now facing 15% inflation.
for them it's normal apparently they face above 10% inflation as they try to catch up with the Western Europeans, an old game.


they have huge logistics problem......

Green DRagon
Game Master

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Post time 2008-11-3 05:03:44 |Display all floors
China, India will reshape the world: Murdoch

2 Nov 2008

Media tycoon Rupert Murdoch says the ongoing metamorphosis of China and India from historic backwaters into economic powers will reshape the world in the next few decades.

The News Corp chief gave an upbeat assessment of the future and made a vigorous case for free markets despite troubled economic times and what he called "naked, heartless aggression" in the world.

In the first of a series of speeches in his birth country of Australia, Murdoch spoke on Sunday of "the great transformation we've seen in the past few decades, the unleashing of human talent and ability across our world, and the golden age for humankind that I see just around the corner."

He said China and India are great countries whose people are only recently emerging from long histories of being "incarcerated by communism or caste." The rise of their economies is creating a new middle class that would be three billion strong within 30 years and is setting a new benchmark for global competitiveness, he said.

"The world has never seen this kind of advance before," Murdoch said. "These are people who have known deprivation. These are people who are intent on developing their skills, improving their lives and showing the world what they can do."

Murdoch, whose New York-based conglomerate includes Twentieth Century Fox, Fox News Channel, Dow Jones & Co as well as newspaper stables in Australia and Britain and the online networking site MySpace, described the global financial crisis as one of many challenges facing Australia.

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