This is what I wrote in response to a businessweek article where some US folks had written bad things about Indians.
Some myopic, less informed, suffering people from US think that only IT is driving Indian economy. Well, what else you can expect from the community which preaches free trade and when the churning process starts and it challenges them to come out of their comfort zone, they start complaining. And come to the level of cheap talking, finger pointing and mud throwing.
Almost 1% of Indian population is dependent on IT in India. Even IT is concentrating itself to domestic market in India. Maybe if US starts protective measures than India also should start thinking of restrictions on US goods and services in India.
Indian economy is driven by
- Telecom (of which a US company has for billion USD project)
- Aviation(Boeing gets lots of orders from Indian companies)
- Insurance(has AIG,Prudential and many more)
- Banking(has citibank, ING, standard chartered etc)
- Manufacturing (GE and hundreds of many more US companies which are creating and selling from India and to India)
Like any other thing, a country's economy has its ups and downs and India is no different.
1 comment:
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