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Archive for the ‘Economy’ Category

India’s Poverty Stats Sideline GDP, Sensex Hype For A Day. Is Frontpage News!

In Economy, India on February 9, 2010 at 6:28 pm

Cheers to TOI for pulling their heads out of the sand for a brief moment with this lead story.

No financial crisis impact? India’s poor grew by 34 mn


Economist: India’s Tech Workers Are Not As Good As The Country Hopes And America Fears

In Economy, Education, India on February 1, 2010 at 7:36 pm

This is not a secret, so why is everyone sounding so surprised? Quantity, not quality seems to be our answer to everything.

According to Aspiring Minds

“only 4.2% of India’s engineers are fit to work in a software product firm, and just 17.8% are employable by an IT services company, even with up to six months’ training. A larger share could cope in business-process outsourcing (call centres and the like). These findings are even gloomier than the 25% figure for employability that has been bandied about since 2005, when McKinsey released the results of a survey of international companies.”

Read full post at the Economist. The comment thread of the article is not different from others that broach these ‘delicate’ subjects – a healthy mix of schadenfreude and denial.

Indian Tax Payers To Foot Bill Of Minister’s Companions Air Travel

In Economy, India, Politics on December 17, 2009 at 7:29 pm

Read the full post at the Telegraph.  It’s just shameful.

And they wonder why a state run airline like Air India is bankrupt!

SMSONE: The simplest ideas are often the most brilliant ones

In Economy, Education, India, People Making A Difference, Technology on December 8, 2009 at 7:33 am

Sarah Lacy at TechCrunch does a feature on SMSONE. Pune entrepreneur Ravi Ghate and his team of high school dropouts, plus an unemployed village youth and SMS, deliver a powerful solution that changes lives in India’s villages.

Very cool!

McKinsey Director Anil Kumar Arrested in Raj Rajaratnam Insider Trading Ring

In Business, Economy, India on October 19, 2009 at 2:24 pm

“It’s the biggest criminal case involving hedge fund insider trading,” said Preet Bharara, the U.S. attorney for Manhattan, and it is believed to be the first time that court-authorized wiretaps have been used in insider-trading cases. (LA Times)

Here is an insider’s view on Amit Kumar, “one of the industry’s godfathers of knowledge process outsourcing (KPO)”

Kumar, a director at consulting firm McKinsey, is a co-founder of the ISB, whose governing board reads like a mini-Who’s Who of global business, drawing on leaders from LVMH and Dell to Citigroup and Goldman Sachs. The Hyderabad-based ISB ranked 15th in the Financial Times 2009 global MBA rankings, and placed second among Asia’s business schools. (Full post at Reuters)

The dots are just beginning to get connected