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Indian websites haven’t earned my trust

July 23rd, 2006 | 8 Comments | Posted in India Business, Technology

The other day I had to create a user id on an Indian financial news web-site. I wanted to create a portfolio that included mutual funds and Yahoo Finance doesn’t cover Indian mutual funds. The portfolio worked alright, but eventually I decided to keep it on Yahoo Finance after all. That should have been that.

But then I started getting email from that web-site. One email a day about products, investment ideas and news summaries that I had no interest in. I did not opt to get these emails. That was foul number one. More »

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Salaam Bombay

July 16th, 2006 | 7 Comments | Posted in Indian Culture, Indian Economy

Last week the dastardly terrorist bombing of Bombay’s suburban trains brought global terrorism another step closer to the largest democracy in the world - India.

Bombay is a city very dear to me and my wife. We started our working life in Bombay and worked there for 5 years. Took the train from Andheri to Churchgate and back everyday. I traveled in the same first class coaches that seem to have been targeted by the terrorists. Life wasn’t all roses - the 3.5 hours total commute didn’t leave us much time to enjoy Bombay. But when we did we fell in love with it. We loved the theatre (Prithvi), restaurants (Samraat, Mahesh lunch home), movie halls (Eros, Regal). The heady mix of high finance and Bollywood. The professionalism at work. They all endeared us to Bombay. But most of all it was the people of Bombay. More »

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IT industry bashing - the wrong reasons

July 9th, 2006 | 9 Comments | Posted in India IT Services

I write this in response to Giridhar Rao’s comment. He brought a scholarly paper to my attention that in a section on the Indian IT sector claims that the sole basis on which India is competing is wages. (You can find the paper here. You can directly scroll down to the section on The IT sector if you like). It also claims that India should not be called a ‘knowledge economy’ but a ‘low wage economy’. The article seems to be well researched but reaches odd conclusions at least for the IT industry.

My response to the thrust of the entire paper, if it has one, is ‘So what?’ More »

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Namaste America

July 2nd, 2006 | 2 Comments | Posted in Flat World, General Interest, Indian Culture

Last week Al Gore was a guest on Jon Stewart’s Daily Show. He was there of course to talk about the Climate Crisis and his new movie the Inconvenient Truth. Since the audience at the Daily Show is fairly liberal, Gore got a very warm welcome from them. But what was strange was that Gore greeted them with folded hands. Damned if it didn’t look exactly like a Namaste. It was very casually done, no theatrics around it. I suspect he had done the very same thing many times before.

I was of course very tickled about it. I have long held the view that Namaste is a superior greeting to the handshake in the age of the Avian Influenza. Handshakes transfer germs and are a surefire way of spreading the virus when there is an outbreak. The WHO realizes this and has come up with the ‘elbow bump‘ which is just too hokey to work. Asian greetings like Namaste and the Japanese bow are, in this respect, superior. Although in Japan the formal greeting in business is still a bow, while Indian business (though not politicians) has completely adopted the handshake. Pity.

The other thing going for Namaste in the US is that it is closely associated with India and India is hot right now. India is of course in the news because of the nuclear deal still winding its way through Congress. As an investment destination for business it has to be number one or pretty close. Bollywood dancing is all the rage. You can find Kurti inspired women’s fashions all over the place. And Indian food in the grocery stores.

The big news is that from next summer, Indian mangos will be available in the US. Being that they are much superior to the Mexican variety I think that will win us a few more fans state side. Some say that the mangos are a fair trade for nuclear technology. Some say that we’re giving away the mangos too cheap! The mango deal was done during President Bush’s visit to India along with the nuclear technology deal.

The affinity between the two countries is good for both countries and for democracy everywhere.

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