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![]() ![]() The true ability of some of India's neighbouring countries being able to attract & retain world class talent will be further tested once the large scale SEZ's in India start becoming operational. Besides offering a world class (as is claimed now) infrastructure and a tax free operating status for it's occupants, the advantages of operating in a democracy (not so perfect, though) still attract many people (especially high skilled professionals). India offers many advantages to both foreign expatriates as well as returning NRI (Non Resident Indians) who want to take advantage of the high economic growth rates currently. The weak spots are Education & Physical Infrastructure. Also, the continuing dollar inflow & the recent Finance Ministry / SEBI moves have also hinted at India becoming convertible on the financial capital account in a few years time. (Thanks to the Internet, India is already convertible on the knowledge capital account). There are also moves to make Mumbai an International Finance Centre. It will be a challenge for neighbouring countries to attract world class human capital. However, some of them do have the agility & flexibility to create investor friendly policies to match India's strong domestic markets. It is surely exciting times for investors in Asia. |
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![]() The US is India's largest customer for Offshored Services. Some thoughts suggested by analysts as to why US offshoring could be bad for India's economy : ![]() ![]() This could perhaps lead to large numbers of youngsters not focussing properly on higher education as a means to grow ahead in their careers. ![]() Many of them start earning more at the start of their career than what their parents earned at the time of their retirement. ![]() ![]() ![]() ![]() |
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