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The Indian elephant sheds its past

25 May 2006

The most obvious part of an answer to the last question is that the balance of global economic power is shifting to Asia from North America and Europe, and so our attention should also shift to the potential opportunities there as the breathless accounts suggest. [...] The list of private companies in the software sector is growing; the top 15 accounted for $4 billion in exports in 2002/03 and have affiliates in 14 countries (Table 3). [...] Use of the English language and common law, and the supply of technically trained postsecondary graduates are an important part of the answer. [...] India’s labor force is around 400 million people but only 7 percent of the jobs are in manufacturing.10 The Tenth Plan (2002–2007) calls for the creation of 100 million jobs in the industrial sector in the next decade. [...] Despite the ambitious Tenth Plan jobs goal and a clear call for jobs and basic health and education services from the electorate in the May 2004 election, the best the central government has been able to promise is 100 days of paid work a year in a (public sector) job for every low-income person who wants one.
china government education politics economics economy value chain science and technology international trade canada banks business economic growth employment fdi investments labour foreign investment bank economic sector wto foreign banks competition (companies) economist suppliers crowding out (economics) economy of india

Authors

Dobson, Wendy

ISBN
0888066899
Pages
30
Published in
Canada

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