Economic Growth
Outsourcing to Rural India
Indian tech majors Infosys Technologies and Wipro are set to enter the booming domestic back-office service market by setting up operations in rural India according to the Business Week article titled: Infosys, Wipro Focus More on Outsourcing in Rural India
Entrepreneurship in Slum
In the NY Times blog titled “Slumdog Entrepreneurs”, Economics Professor at Harvard School Ed Glaeser, writes about his observation that 43 percent of urban Indians who worked were self-employed (vs 11% in the US). High self employment in Urban India reflects both good things about the country, like energy and intelligence, and bad things, like a maze of regulations that make it difficult to build large companies that follow the rules.
Now is the time for India to Shine?
India can learn from China to develop light manufacturing to provide employment for tens of millions of surplus farm laborers. Better urban management will be an imperative as more Indians flock to cities in search of work.
