A Younger India Is Flexing Its Industrial Brawn
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For decades, India focused on its domestic economy and grew more slowly. But all that is starting to change.
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A parade of global companies have been unfurling plans in recent days to assemble cars in India for domestic sale and export.
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Quite a few production houses are venturing into this new industry.
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Although India still gets the bulk of U.S. offshoring dollars, the number of countries companies are eyeing is expanding as they seek specific IT skills and follow-the-sun delivery.
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They may not make âem like they used to in Hollywood, but sometimes in India they still do.
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It may now be the turn of Indian companies to offshore outside India their IT services requirements.
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Indiaâs business providing software and services to companies outside its borders will grow a healthy 26 to 29 percent this year, the country's main trade association for that sector said Monday.
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India's brightest used to line up for U.S. jobs. No longer.
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VARANASI, India -- Deep in a labyrinth of stucco buildings,  in a dark, cave-like warehouse, Mohamed Javen, 18, switched on a light bulb, sat before his rickety loom and began working on what was once the prize possession of every Indian bride: the hand-woven silk sari.
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MUMBAI -- Lured by the booming Indian economy and fed up with living as outsiders in a foreign society, many Indian and other South Asian immigrants in the United States are returning to their homeland -- and bringing with them cutting-edge American skills.
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Wind power is emerging as an alternative in fast-growing countries like India and China that are avidly seeking new energy sources.
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Raman Roy talks about how this technique put India on the world's business map.
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Wages in India have risen to the point that offshoring development operations no longer makes sense for one high-tech company.
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While being tough to get into, these traditional manufacturing and service fields can be well paid.
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IndiaÂs manufacturing grew 12.1 percent in the first half of the countryÂs fiscal year, which ended in September, compared with 9.5 percent in the period last year. The fast-paced growth of the manufacturing sector has been important in raising IndiaÂs economic output more than 8 percent annually. According to a survey by the Confederation of Indian Industry, a trade organization, more than 34 sectors of the 125 surveyed reported production growth greater than 20 percent. Foreign direct investment in India doubled to $4.4 billion in the first half of the fiscal year, Kamal Nath, above, commerce and industry minister, said.
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Foreign MBAs and ambitious business types view time in India as invaluable to getting ahead in a global economy.
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Bombay to Mumbai is familiar enough, but Bangalore to Bangaluru? A trend gains speed.