Ajay Shah alerts us to a draft volume published by the World Bank (free download) titled Dancing with Giants: China, India and the global economy.
Drawing upon the latest research, this volume analyzes the influences on the rapid future development of these two countries and examines how their growth is likely to impinge upon other countries. [...]
The 21st century will be India’s. But some people just won’t get it.
What is common between these films?
Garam Hawa (1940); Naya Daur (1957); Upkaar (1967); Namak Haram (1973); Jane Bhi Do Yaaron (1983); Damini (1993); Gupt (1997); Phir Bhi Dil Hai Hindustani (2000); Rang de Basanti (2006)
As you might have guessed, each of these films portray the socio-economic realities of India in their times or have a [...]
The media “controversy” over offshore outsourcing subsides
Angry rants and dismal laments about offshore outsourcing are joining over-excited Internet revolution articles from 1999 in the dust-bin.
As we’d predicted.
Greg Mankiw , who’s experienced the outsourcing sturm und drang first-hand, points us to this David Leonhardt article in the New York Times:
A few years ago, stories [...]
Two news incidents caught my eye that had a similar vein of job market conditions running through them. One, read about young American workers conducting part of their work-life in Bangalore in Americans seek opportunity in booming Bangalore. Two, labor shortage in China enables an increase in working conditions and benefits as portrayed in Labor [...]
Raghuram Rajan and Arvind Subramanian of the IMF have written an excellent op-ed in the Financial Times in which they diagnose a new problem, one they call the Bangalore Bug, and one whose symptoms have been addressed several times on this blog. I’ve reproduced the piece almost in full since I figured most of you [...]
Ajay Shah analyses the government wages and compares them with the prevalent market rates in Revising the wages of civil servants. The bottomline is captured below.
The main story is simultaneously that while GOI employees at the top are incredibly underpaid - by market standards - the bulk of GOI employees (roughly 98% of them) [...]
I am not a great fan of Nasscom reports, but this one made me sit up. The technology sector (give or take a few) accounts for 36 billion dollars in revenue and just about 1.3 million jobs. So how much is it in real terms? A big part of the economy of a miniscule part?
It is time to correct India’s lopsided education budget
Salaries in India, especially for skilled workers, are rising. This is almost invariably attributed to the projected shortage in the number of workers available to sustain the rapid growth in India’s IT, biotech and other services. Those alarmed by rising wages contend that this will make India [...]
The employees of the Airport Authority of India, who’ve been in the news recently courtesy the anti-privatization protest strike have started their own blog.
This (the blog, not the strike) is good news. Thanks to technology, more and more people have avenues to express their point of view.
As far as [...]
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