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May. 3rd, 2008 @ 09:00 pm Beam Me Up Satish!
India's Growing Space Programme by Pallava Bagla (BBC)

"India is well known today for its software and information technology industry. Less well known is that it is also a real force to reckon with when it comes to top class rocket and satellite technology. Last Monday the Indian space agency created a world record by successfully launching 10 satellites in one go. It shattered the previous record of a Russian rocket that successfully launched 8 satellites last year. Launching 10 satellites requires immense precision."

Well done ISRO. Keep up the good work and look forward to Chandrayaan (Moon Craft) later this year. Jai Hind!

(PS- Contary to popular perception, this blog is not dead!)
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Feb. 4th, 2008 @ 06:00 pm What The U.S. Can Learn From India's Electronic Voting Machines
This article was originally written in 2004 but retains as much value now as it did then.

"While we in the United States agonize over touch screens and paper trails, India managed to quietly hold an all-electronic vote. In May [2004], 380 million Indians cast their votes on more than 1 million machines. It was the world's largest experiment in electronic voting to date and, while far from perfect, is widely considered a success. How can an impoverished nation like India, where cows roam the streets of the capital and most people's idea of high-tech is a flush toilet, succeed where we have not?" by Eric Weiner

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Jan. 30th, 2008 @ 12:45 pm 4 of the World's 10 Richest CEOs are Indian; 5 are American, 1 is French!
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The fruits of India's economic liberalisation since 1991 are becoming clearer by the day. Yesterday, Forbes published a list of the world's 10 richest CEOs. Four of them are Indian, though only three actually live and conduct the majority of business at home. Most of the rest not surprisingly are American. No Chinese, no Japanese, no Mexican, no Middle Eastern and only one European CEO. And to think that this is just the beginning. Though to be sure, as yesterday's post clearly illustrated, there are two Indias emerging on the global scene: one that houses the world's largest poor population, and another that is on the path to challenging America's status as the home to the biggest pool of rich people. It's not too late to invest in India. Hopefully through the course of this century, the plight of several hundred million Indians will be addressed through the entreprenuerial ventures of the existing and future Indian multiX-illionaires.
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Jan. 29th, 2008 @ 01:00 pm A Dollar A Day: BBC World Service Radio Documentary on India's Destitutes
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Less than a dollar a day is a phrase we are all familiar with, but what does it really mean? Almost half the world's population lives on less than a dollar a day, but the statistic fails to capture the humiliation, powerlessness and brutal hardship that is the daily lot of the world's poor. In this series, Mike Wooldridge looks at what it's really like to have to live on a dollar a day and how it can mean different things in different countries, and asks whether the global target of halving world poverty by 2015 can really be achieved. It isn't all about desperation and gloom, though: Mike meets people of incredible energy and determination, living in vibrant communities and having a diversity of experiences.

Part Three: India

Veeran is a spirited 75 year old living alone in the back streets of the town of Rohtak, north west of Delhi. In her small, spartan home -the kitchen does not even have a roof- she symbolises one of India's newest challenges. More and more people are surviving into their seventies and beyond, thanks to overall improvements in health care. But there is a growing problem of destitution among the elderly too. The tradition in India, as in many Asian societies, of younger family members caring for the elderly can no longer be relied on. This is largely because of the impact of rapid urbanisation and increasing employment opportunities for women, the primary carers of older relatives.

Mike Wooldridge hears at first-hand how elderly people cope and how they see the changes taking place around them. Those who neglect their relatives could end up before tribunals - but is this what the elderly themselves want? It is predicted that by the middle of the century Asia will be home to almost two-thirds of the world's older people.

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PODCAST MP3
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Dec. 29th, 2007 @ 10:40 am India's PM: The world's hardest working political leader?
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Today's post links you to an article about the world's most educated Chief Executive: India's Prime Minister, Shri Manmohan Singh. Since coming to power in May 2004, Singh has not taken a holiday due to his workaholism. Enjoy!
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Oct. 4th, 2007 @ 10:50 pm Modernising the Indian village economy
Limit the state; expand the market

"The fruits of economic development fall where educated people live, not where they work. Hence, if we want to enrich villages, we should induce the educated to live there. But for this to happen we need to install reliable means of social services, transport and other systems that are on a par with what is available in the cities." -P.V. Indiresan

I couldn't agree more! P.V. Indiresan is a former Director of IIT Madras and has written exactly the kind of article I have been looking for, for several years. Unfortunately, the article linked above appeared not on the front pages of major newspapers, but somewhere inside the Hindu Business Line of 20 February 2006,. But as long as India remains a poor country with a large rural population, this article will remain relevant and instructional. I agree with the author that Indian policymakers should use the market to propel economic growth of manufacturing and services in the villages. One of my long-term goals is to work towards a similar path in developing my ancestral village of Vallipurathampalayam in Tamil Nadu. With the guidance of individuals such as Indiresan, I have the confidence to successfully implement my own village experiment. A must read for all those interested in Indian economic development.
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Sep. 30th, 2007 @ 11:50 pm Vishwanathan Anand reclaims World Chess Championship
Captures Unified Title in Mexico

"Anand has justified his status in the chess world and the victory will inspire India's future chess players. Meanwhile, Russian Vladimir Kramnik saw the championships slip from his grasp on Friday and finished second. Eight of the world's top chess brains met in Mexico for the competition. Prominent players such as World Number Two, Vaselin Topalov of Bulgaria, did not make it through the championship's complex qualification process." -AFP Google

This is Anand's 2nd World Title after the victory in Tehran in 2000. But unlike last time, this victory carries with it more credibility as it involved the reunification of the separate Chess titles. It follows nicely in the footsteps of his World Number One ranking earlier this year and there remains little doubt that he is currently the world's best player. Though it would be even better if they could organise a classical Championship between Anand and Kramnik. That would remove all doubt as to who ruled the chess world. A definite Jai Hind on this one! Keep it up 'Madras Tiger'!
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Sep. 26th, 2007 @ 11:55 pm Sensex crosses 17K due to Reliance bull-run; Mukesh Ambani becomes richest Indian!
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On 18 September, the US Federal Reserve cut interest rates by 50 basis points to 4.75%. The next day, the Bombay Stock Exchange benchmark index, the Sensex, crossed the 16,000 mark for the first time while recording its highest single-day increase since the index began in 1979. Barely a week later, the Sensex created a new record by crossing 17,000 in intra-day trading before closing at an all-time high of 16,921. The period of five trading sessions is the shortest for any 1,000 rally in the index's history. The most significant contributor to this extraordinary bull-run is Mukesh Ambani's Reliance Industries, which added 256 of the 1000 points on its own (despite the fact that it is only 1 among 29 other major Indian companies in the index). As a result of this single-handed massive contribution, the Indian media has already speculated the net worth of Mukesh Ambani to have crossed the $50 billion mark, making him not only the richest Indian, but also the fourth richest person in the world (after Bill Gates, Carlos Helu and Warren Buffett). Mukesh Ambani has a 50%+ stake in Reliance Industries and based on the closing share price of the various group companies, they have a market value of $103 billion. Close on his heels is Lakshmi Mittal who owns shares worth about $48.4 billion but he's just an Indian citizen living & working overseas.

The surge in the stock market comes on the back of a record total of FII net inflow this year. It has already crossed the $10 billion mark with more than 3 months to go, comfortably overtaking last year's total of $8.9 billion. Added to this is the record appreciation of the Rupee, where it has fallen below the Rs. 40/$US for the first time since 1997. Less than two years ago, the US$ was worth nearly Rs. 50! So while importers are making hay, Indian exporters are up in arms. On the other hand, Indian consumers are relatively pleased because there has also been a dramatic fall in the inflation rate which dropped to its lowest level in 5 years and is now only 3.32% (vs. 6.70% in February!).

Despite all these good signs, all is not well. Global oil prices have been steadily increasing during the summer but the Congress government has not transferred these extra costs onto the Indian consumer yet. Moreover, the overall inflation rate is misleading because it hides the changes taking place when you breakup the numbers. For example, wholesale prices of food products and other essential goods grew by more than 8% last week, but it is being offset by a significant decline in price growth of manufactured products and the price index of fuel and electricity. The latter category is especially significant because the current prices do not reflect global trends. It remains to be seen if the booming Indian economy can absorb potential future shocks if oil prices continue to rise. For now, it doesn't matter. The investors are pumping in the greenbacks and everybody is cashing in! Particularly a certain Mukesh Ambani!
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Sep. 10th, 2007 @ 03:00 am Taking flight: India's largest private airline - Jet Airways
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Naresh Goyal wants Jet Airways to be India's first global brand

"Jet is the only private Indian carrier flying long-haul routes—ferrying 23% of passengers between India and London, for example. On August 5th its first plane landed in America, launching a daily service from Mumbai to Newark via Jet's new hub in Brussels, and this week it began flights to Toronto. A new direct service between Mumbai and Johannesburg will be launched soon, and with 40 new planes on order, Jet will add more destinations next year, including San Francisco (via Shanghai) and Chicago.

Over the past five years air traffic to America from India has grown faster than from anywhere else, increasing by 23% in the year to May compared with the previous 12 months. Coming the other way, the number of inbound passengers to India grew by 19% in 2006. By Mr Goyal's estimate, up to 80% of these passengers are of Indian origin [out of a total diaspora of 30 million], though now resident in Canada, America and Britain."
-The Economist

I flew Jet for the first time this April from Delhi to Indore and then back to Delhi from Indore. I have to admit, it has amazing service and like I mentioned before on my other blog, any airline that serves chill nimboo-pani (lime water) as you take your seat has to be up there with the best in the business! The sky may not be the limit on this success story!
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Aug. 29th, 2007 @ 09:15 pm The Empire Strikes Back - Part III; Tata wants Jaguar & Land Rover
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First they went after British company Tetley Tea, then Corus Steel (formerly British Steel). Now the Tata Group are back in the news and they are targeting the British luxury automobile market. Tata Motors Chairman, Ratan Tata, has publicly announced his company's interest in acquiring the Jaguar and Land Rover units of ailing American automobile giant, Ford Motor Company. Ford lost $12.6 billion in 2006 and is looking for potential buyers for both its British-based units. Ratan Tata claims the purchase will give Tata Motors scale and global reach but personally I think he only wants to raise the prestige of his company which is currently catered to the middle-class and bottom rung of India's upper-class. I also think it is a risky adventure but that's what the naysayers said when Ratan went the whole ten yards to acquire Corus. It won't be the first foreign automobile purchase for Tata Motors. In 2004 it bought South Korean automobile giant, Daewoo's truck dividion, after the parent company were mired in a similar financial crisis as the one facing Ford today. If anything, Daweoo's troubles were worse than the ones currently faced by Ford, yet Tata were able to resurrect the Korean manufacturing unit, and now they sell the truck units not just in India, but across the world. Despite Ratan's announcement, it is more than likely that the divisions will be captured by a private equity firm. Even so, it is yet another example of the growing global impact and potential of India's largest MNC. Jai Hind!
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Aug. 16th, 2007 @ 11:55 pm Crikey! Why Politicians Should Never Be Believed: Anywhere and Everywhere
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17 months ago, the Australian Foreign Minister, Alexander Downer, said his government would not sell uranium to India ("We don't have any current intentions of changing our policy"). He also said that if Australia did sell uranium to India then "it raises questions, of course, about Pakistan and then it raises questions about Israel", which on the face of it, was a legitimate concern. He then went on to say that "If we were ever to change it in the future that would be a matter that would require very careful examination. There'd have to be extremely compelling arguments for ... either this government or any future Australian government to do that and I haven't heard those compelling arguments. If you ever did, you would have to be very satisfied that in doing so, it didn't detract in any way at all from the NPT treaty. And you'd have to be pretty persuasive in not extending the same privilege to Pakistan & Israel."

It now appears that Downer has very carefully examined the issue, heard the extremely compelling arguments, been very satisfied in doing so, convinced it doesn't detract in any way at all from the NPT, and (*deep breath*) is prepared to be pretty persuasive in not extending the same privilege to Pakistan and Israel! :) One wonders how knowledgeable of foreign affairs, Foreign Ministers, anywhere and everywhere, really are before they get the job. Because it looks to me as though Downer's doing all the learning on the job. Which from an Indian perspective is working out extremely well, but Pakistanis are no doubt up in arms ("We won't consider selling uranium in Pakistan, because Pakistan has a long record of proliferation"), and the Australian Labor Party has responded in kind to the proposed sale ("Labour, which is riding high in the polls, will cancel any such nuclear deal with India if it won November's general election.")

As an Indian that has no respect whatsoever for the NPT, I welcome the change of heart with open arms. And who knows? The first sales might occur just as the Indian cricket team sets sail (or airborne, as is the case these days) for the Antipodes this Christmas. Oh, and Downer, it's the NPT. Not the NPT Treaty. Common error made by all and sundry, but it will be overlooked in the grand scheme of things. Even if you are Australia's longest serving Foreign Minister ever! Fair dinkum mate, and keep up the good work!

Australia own 30-40% of the world's uranium reserves!
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Aug. 15th, 2007 @ 07:45 pm My Thoughts on India & Pakistan Celebrating 60 Years of Independence
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Exactly 10 years ago, my family and I were celebrating India's 50th Independence Day in Jaipur. Exactly 60 years ago, India got its Independence from the UK, and broke-up into three parts: West Pakistan, India, and East Pakistan. Twenty-four years later, in 1971, East Pakistan became its own nation-state, Bangladesh. Two of the three are celebrating their Independence from the British this week; yesterday Pakistan, today India. And even though all three parts have been Independent from the British for the same length of time, there couldn't be greater contrast in their progress since then (or lack thereof in the case of two of them).

Yesterday, President Musharraf focussed on terrorism in his Independence Day speech, while India's first, and newly elected female President, Pratibha Patil, focused on spreading the benefits of economic growth to all. Prime Minister Manmohan Singh, went a step further and said "the best is yet to come" and made concrete promises about eradicating "malnutrition within five years". Poor Mushie, he was reduced to defending his foreign policy motives ("I see everything from Pakistan's point of view. Now if Pakistan's point of view suits America, all right.") and re-assuring his people that America would not attack them ("I am 200% sure that these [comments] are neither at official nor at government level"). 200%!


The two greatest men of Pakistan and India, Muhammad Ali Jinnah and Mohandas Karamchand Gandhi. It is ironic that the two English-trained lawyers who fought for two different great causes, originally came from the same area in Gujarat, India.

Though Indians may not look favourably upon the founder of Pakistan, Muhammad Ali Jinnah, and his fight for an independent Muslim state, (though he was hardly a practising one himself!), I am quite satisfied with the fact we Partitioned. Imagine if the people and politicians of modern India, would've had to deal with all those extra Islamic extremists in Pakistan and Bangladesh? Thank you very much, but I think we've got enough problems of our own... internal terrorist threats included, but I'd argue that none of them are as grave as the problems that affect our neighbours. At least with Naxalite rebels and ULFA extremists, you can negotiate an economic and political solution. But with Islamic extremists, it is much more difficult to negotiate a settlement when the Quran is non-negotiable.

The fact that India has only a Muslim minority, makes it all the more difficult for Islamic extremists within India, to rise-up with popular support. 60 years ago, the Muslims in Greater India did have the popular majority in two parts of the country and got their piece of the pie. Though ironically, they were inspired and led to this freedom by a secular, pork-eating, wine-drinking, non-Urdu-speaking, non-religious moderate leader, Jinnah. But just because Jinnah didn't practise Wahabism, didn't prevent him from fighting for the rights of his religious community. My hope is that Indians will one-day recognize the fact, as I have come to see it, that Jinnah was actually a great leader who fought for a worthy cause, but without intending to, contributed to the creation of a monster. Not enough is written of it in mainstream history books, but the fact remains, Jinnah was ultimately inspired to fight for an independent Muslim state in South Asia because of Atatürk's success in uniting and modernizing a poverty-ridden, outdated Muslim society in nearby Turkey. Even today, President Musharraf extols his ambition to lead Pakistan back to the future by following the example of Atatürk. Unfortunately for us Indians, and now even the world (since 9/11); Jinnah died of TB in 1948, a year after Pakistan's independence. Jinnah would've been Pakistan's Nehru. An idealistic statesman, committed to establishing a modern democratic state, but without a clue about economics.

I admit, this is an extremely simplistic analysis, and ignores Jinnah's role in "encouraging" Afghan rebels to invade Kashmir, immediately after Independence. This led to the First Indo-Pakistani War (of 1947), the Kashmiri Maharaja's cry of help to Indian Prime Minister Nehru, and the subsequently controversial, Instrument of Accession (to the Indian Union), in October 1947. It also ignores the worrying dictatorial methods of Jinnah, both during the fight for Pakistan, and upon his elevation to Governor-General at Independence. And there are obviously many more reasons why Indians can harbour negative feelings against him, but I think it is better to draw conclusions based on what has also happened in Pakistan since Independence. In that light, it is obvious that however much trouble Jinnah might've directed at India, it would've been in our interests for him to have modernised and de-extremised his Islamic-majority Pakistan. That is how we should judge history. Not just by what happened then, but also by how things have turned out, (and could've been). It is ironic then, that Musharraf also draws parallels to Atatürk's Turkey today, just as Jinnah did more than 60 years ago. We Indians may not like Musharraf for his perceived hatred towards secular, non-Islamised India; but as I said about Jinnah, Mushie is our best bet to modernise and control Pakistan's extremism. But unlike Jinnah, he doesn't just have dictatorial tendencies... he is a dictator!

On that rather bittersweet note, I'd like to congratulate both India and Pakistan on their 60th anniversaries.

India-Pakistan Zindabad!
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Aug. 13th, 2007 @ 11:05 pm The Significance of India's Cricket Victory in England
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England 0 - 1 INDIA. India wins the three Test Pataudi Trophy series.

What good timing. India celebrates 60 years of Independence from the British on Wednesday.

India have become the first team to defeat England at home since Australia in 2001, and Sri Lanka in 1998. That's an impressive record to overturn, and it is especially satisfying to know that India of all teams, inflicted that defeat! The victory is also satisfying because it was only our 3rd series victory in England (in 15 attempts), and the first since Kapil's Devils won 2-0 in 1986. In such context, the achievement is nothing short of incredible, but not too surprising, if one takes into account our accomplishments abroad since 2000. After the series losses here in 1990 and 1996, India made substantial progress by drawing the last series in 2002. Five years later, the Galacticos, (three of whom played in the last two series), came to the party not through individual achievement, but a true team effort. As it happened, one match victory was enough to snatch the series. And if it wasn't for a delayed declaration, that ended up not happening on the second day, who knows what might've transpired in the final Test? That being said, it's best we leave the ifs and buts with pots and pans, and concentrate on the actual results themselves!

Until 2000, India was justifiably criticized for its Test record abroad. Since then things have changed dramatically. And it all began with Sourav Ganguly's captaincy, and John Wright's managerial stewardship. Ganguly brought mental steel, Wright instilled a sense of professionalism. Though they achieved nothing stellar in absolute terms, in the context of Indian cricket, their accomplishments were remarkable, and augured well for a different combination to takeover. If Ganguly's leadership was version 1.0, Dravid's captaincy upgraded it to version 2.0. And the results speak for themselves. Ganguly and Dravid are the only Indian captains who have more Test wins abroad, than losses*. That says a lot, in a little. In fact since 2000, India have won series in Zimbabwe, Bangladesh, Pakistan, West Indies and now England. They've drawn a series in Australia, and lost only in South Africa (after winning the first Test), Sri Lanka and New Zealand. But between the 1986 victory in England and Ganguly's captaincy in 2000, India won only a single series abroad in Sri Lanka (1993), drew a series in Pakistan (1989), and lost everywhere else, including Zimbabwe in 1998! (In the corresponding period at home, including the last seven years, India have lost only four series (out of 30)! See what I mean?

All that said and done, there's still a long way to go for India to be taken seriously in countries such as South Africa, Australia (despite what happened last series), and especially New Zealand (where India has a pathetic record). But thanks to Ganguly and Dravid, India has set new standards from which to build and take-off. It is no coincidence that the Indian economy has been flourishing during the same period. As the economy grows, so does the confidence of its sportsmen, particularly its cricketers. Ganguly is famous for describing what inspired him to do well in Australia in 2003/04; he was in the dressing room after the 3-0 thrashing in 1999/00, and there was no way he wanted a repeat of that. Dravid and SRT have shared both those experiences. They all know what it's like to be the world's best individuals, but also play for a team that continually fails to deliver. Especially abroad. And perhaps in a fitting tribute to Ian Chappell's views on the use of coaches, or lack thereof, India has won a Test series in England without one. I guess nothing can substitute successful careers, hardened by experience, inspired by a booming economy, a new philosophy of hope and emboldened expectations.

The bottom line is that India's cricket team, like its economy, is not yet a Bengal tiger, but no more a slumbering elephant. We've arrived, and we're hungry for more. Or at least I am. I just hope Dravid and Company, are just as hungry too! Jai Hind!

(* Dravid's record abroad, Ganguly's record abroad)
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Aug. 13th, 2007 @ 02:35 pm Not Feeling Challenged Enough? Get Into IT, Move to India!
Only 1.5 million Indians work in the IT-sector (out of a total labour force of 470+ million), but it is still exciting to read about how the sector is impacting the lives of those involved in it. Pete Engardio of the BusinessWeek magazine, describes how IT-companies are trying their best to retain their precious employees. There is without a doubt, a highly-skilled human resource drought looming on the horizon in India. Global consulting giant, McKinsey & Co., have said that less than 25% of companies surveyed in 2006 in India were meeting recruitment needs. Moreover by 2010, they believe India will face a shortfall of 500,000 staff capable of working for MNCs.

This obviously doesn't augur well for the near-future, but the problems faced by the companies hardly end there. Thanks to escalating salaries, higher expectations and an extraordinary drive to excel, Indian employees are demanding more from their employers. This has resulted in Indian firms, and some Western firms, to invest heavily in human resource development and infrastructural projects to hang onto their staff. Employers are also being forced to do this because the high growth rate of salaries has resulted in high turnover. As companies look to the future with trepidation, they are just as concerned about existing employees not feeling challenged enough and switching jobs to their biggest competitors.

For an outsider like me, it is simply exciting to read about such articles coming from India, but at the same time, one should not lose perspective that this situation is only affecting a tiny percentage of India's total workforce. Even if IT is contributing significantly to GDP at present, there is obviously a bigger challenge in finding ways to find equivalently paid jobs for the remaining 470+ million workers; 10+ million of whom are added to the force every year alone!
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Aug. 7th, 2007 @ 07:25 pm As the Indian Economy Blossoms, So Does its Media Coverage
Fortune Magazine has started a new India page featuring extensive coverage of the subcontinent, with news items, a blog, a roundtable discussion, photo galleries and more. I've read some of the articles, including one about India's highway to heaven - or hell, another about India's retail revolution, and one about India's rivers drowning in pollution. Judging by the quality of these articles, and a few others, I think it's worth bookmarking this page and adding the blogs to your RSS browser. As the Indian economy grows and opens itself to the world, so does its coverage in the Western media. This should be seen as a good thing, and a golden opportunity for Indian politicians to go one-up on their censor-friendly Chinese counterparts. The days of ignorant Western observers seeing things from a narrow lens are slowly drying up. They still exist, but their numbers are dwindling. More journalists, academics & businessfolk are spending time in India, and with every reputable article, they're making better sense of the world's most diverse nation.
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Aug. 6th, 2007 @ 10:40 pm The Last Rajah
Pete Engardio of the BusinessWeek magazine, has penned an article about my favourite Indian company, The Tata Group. He questions whether India's largest conglomerate can remain united and steadfast in its ambition to become a global player in the post-Ratan era. There are interesting tidbits, including the fact that one of the sons of the Tata Group's founder, bankrolled a young Mahatma Gandhi when he fought for the rights of Indians in South Africa, more than 100 years ago. The article is admittedly long, but definitely worth a read.
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Aug. 4th, 2007 @ 03:50 pm The miracle of an unlikely nation
The New Statesman is a British left-of-centre political magazine, and it has dedicated its latest issue to India. Later this month, India celebrates its 60th anniversary since achieving Independence from the UK. The six articles touch upon various facets of the modern Indian nation, including its unlikely democracy, poverty among Muslims, an impending energy crisis and a booming economy. I recommend reading all the articles. They are well researched and a joy to read. Everyone of you will learn new things about India you didn't know before. And I'm not just saying that because I did.

Definitely a Jai Hind for this one! Here's to many more anniversary celebrations as an unlikely united democratic nation!
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Jul. 30th, 2007 @ 10:20 am Who's Your Daddy? -- The World's Fastest Growing Economies
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In the last decade, only three of the world's biggest economies, have grown more than 100% - Russia, India and China. Of the three, Russia has displayed the fastest growth at 195% between 1996/7 and 2006/7, followed by India at 146%, and China at 131%. This has resulted in China becoming the world's 2nd biggest economy, behind America, India as the 4th biggest economy behind Japan, and Russia the 7th biggest economy behind Germany and the UK. By the end of next year, India will overtake Japan, and within a decade, China will become the world's biggest economy.

Interestingly, India's GDP in 2006/07 is approximately the same as China's GDP in 1996/97. Many economists believe that India is expected to maintain the highest growth rates among the world's biggest economies until 2050. If the research holds, then it would be interesting to see if India's GDP growth in the next 10 years, surpasses that of China's in the last decade. India's economy may not be growing at Chinese rates (yet), but it has been the 2nd fastest growing economy since 1980 (after China). In the next 10 years however, it might just start growing faster than China, and by the middle of the century, they will be competing for the "title" of the world's biggest economy. With matching populations to boot, it will be a worthy comparison. Read more about it at The Daily Telegraph.
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Jul. 18th, 2007 @ 04:15 pm The Great London Tamasha
India Now: The Festival of India in London, a three-month celebration of everything Indian, began with a bang yesterday. A replica of the Taj Mahal sailed down the Thames, pausing for photo opps beside Parliament, the London Eye & Tate Modern. London Mayor, Ken Livingstone, inaugurated the festival, flanked by Rahul Dravid, the captain of the Indian cricket team, and Bollywood actor, Shilpa Shetty.

The season of festivities includes over 1,500 events dedicated to Indian art, film, food, theatre, music and fashion. Trafalgar Square will host a three-week Indian-themed festival, Regent Street will be transformed into an Indian streetscape complete with music, sculptures, food and artisans, while the cornerstone of "India Now" will be a fashion show on September 7th at the V&A. It will be called 'Fashion in Motion' and will showcase the new autumn collection of one of India's most famous designers. (I don't know who though!)

If you're an Indian or an Indophile, what better time to plan a holiday here in London! The festival runs until the end of September. I'll get you started with Britain's Bollywood Map (PDF).

See you soon and Jai Hind!

LINKS:
The offical press release from the Mayor of London's office
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Jul. 10th, 2007 @ 11:55 pm Religious Discrimination @ Places of Worship -- Irony?
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There is a hotsprings in Rajgir, Bihar that is off-limits to Muslims. The state government wants to do something about this. Such acts of blatant social discrimination are common around India. In Tamil Nadu, whites are not allowed into "Hindus Only" sanctums of the best temples in the country, while infidels, not just Hindus, are not allowed into Masjids (Mosques). I haven't researched the details to this particular issue, but it would not surprise me if the state government is raking it up to stroke the back of its Muslim vote bank and/or grab supporters from Laloo's RJD Muslim vote bank. From a legal perspective, I think there should not be any restrictions in places of worship, worldwide, but that's just me (and a few others). I respect the views of those who disagree, and I understand your feelings, having remained a meek spectator/supporter(?) of such a view until very recently.

But I will say one thing, it is not enough when the state Chief Minister openly states his government's desire to enforce change, without making the corollary statement that such acts of religious discrimination should be done away with, across the board (ie, infidels, ie: Hindus, should be allowed into Masjids). It's poor form from someone so senior in government, yet not entirely shocking for anybody who follows Indian politics.

I'm afraid there's no Jai Hind for this one. Next post perhaps.
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