InfoAnda - Challenges remain for booming India

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Seoul shares fall 1.2 pct weighed by techs, Doosan | 3 May 2010
Iraq factions agree to vote on U.S. pact: lawmaker | International | | 27 November 2008
Singapore Chinese put their bling on show in Paris | 6 October 2010

Facebook founder meets head of China search engine | 20 December 2010

Forum Views () Forum Replies ()

Read more with google mobile : Challenges remain for booming India

Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Singapore Asia Pacific World Challenges remain for booming India AFP - Thursday, January 27 Send IM Story Print Challenges remain for booming India Slideshow: Full Photo Coverage: Business & Economy DAVOS, Switzerland (AFP) - – India has a huge presence at this year's Davos meeting, with bullish bosses hailing a booming economy but warning that creaking infrastructure and wealth gaps could yet stifle its stellar rise. A massive poster trumpeting investment in "Inclusive India" greeted the 2,500 members of the global business, political and media elite at the annual meeting of the World Economic Forum at this Swiss ski resort. India's own power elite is out in force too, with dozens of chief executives making the trip to the snowy peaks, including Sunil Mittal, head of Bharti Enterprises and Azim Premji, chairman of Indian software major Wipro. Speaking at the forum's opening panel, Premji hailed a "complete shift in the balance of power" from the traditionally advanced economies in Europe and the United States to the new powerhouses in China, India and Latin America. "In 10 years, the economy of the emerging world will be ... equal to or slightly larger than the US economy," he said. Mittal crowed: "In the past few months, India has had visits from all the leading lights of the world, the top five countries have visited India in the past months. 20 billion dollars in deals have been signed." Related article: Davos shows power shifting to the east Despite the worldwide slowdown, India has continued to surprise. The economy grew a forecast-breaking 8.9 percent year-on-year in the July-September 2010 quarter and the Delhi government forecasts an expansion of 9.0 percent in the current fiscal year to March 2011. This rapid growth has forced the central bank to hike interest rates to their highest levels since early 2008 amid concerns about spiralling food prices fuelling inflation, a worry evoked by several Davos analysts. Another persistent threat to India's rise to global economic powerhouse status is the challenge of modernising its creaking infrastructure. According to a survey of some 1,200 business leaders conducted by financial services firm PricewaterhouseCoopers, nearly nine in 10 said the inadequacy of India's infrastructure was a threat to growth. "You must remember that you are operating in an extremely diverse democracy, a successful democracy," B.G.Srinivas, European head of Indian tech giant Infosys told AFP in an interview. "Things do not necessarily go at the pace you might wish for." India's biggest challenge, according to many Davos participants, is bridging a growing gap between the haves and the have-nots, as it struggles with the world's second-largest population and crippling rural and urban poverty. While acknowledging the challenges, the president of the Confederation of Indian Industry, Hari Bhartia, said that wealth was beginning to trickle down to the less fortunate in society. "With growth of nine percent you have a huge amount of resources available which were not available in the early nineties. That is starting to get through into the social sector, education, health care, food security," he said. "All the investment is starting to have an effect, in terms of money in the hands of the bottom third, which also gets spent creating demand for products and services. It's creating a virtuous circle." "1.2 billion people make India a continent of consumers," said Mittal. And -- while one-upmanship among one's peers in Davos is part of the fun of the show -- Srinivas said that, away from the promotional events, India has nothing to fear from competition from other emerging giants. "It's not about beating China and Brazil because in my view, all of these can co-exist. There is no need for one to beat each other," he said. "As long as all these economies grow, it provides the world with opportunities." Recommend Send IM Story Print Related Articles Dealmaker Moelis tests Asia talent war with launch Reuters - 20 minutes ago Alibaba shelves listing plans of Taobao, Alipay Reuters - 21 minutes ago Canon sees 2011 profit up 21 pct on sales jump Reuters - 1 hour 24 minutes ago India food inflation inches up in mid-Jan Reuters - 22 minutes ago Sony unveils new handheld to take on DS, smartphones Reuters - 22 minutes ago News Search Top Stories US Fed stands firm on stimulus deal Cruz, Bardem baby boy 'doing great': spokeswoman Marooned Miami bay piano strikes odd note Bad eating can give you depression: study Medvedev uses Davos meet as defiant show against terror More Top Stories » Related Full Coverage China Economychina economy All Full Coverage » ADVERTISEMENT Most Popular Most Viewed T. rex still king, says dino study Bad eating can give you depression: study BBC World Service axes five language services Cruz, Bardem baby boy 'doing great': spokeswoman Kids who misbehave face trouble as adults: study More Most Viewed » More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo! Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Entertainment Photos Yahoo! News Network Copyright © 2011 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

Other News on Thursday, 27 January 2011
Unprecedented anti-government protests rock Egypt
NATO, Russia vow unity on terrorism, disagree on shield
Russia fires officials over airport bombing
Egypt protests escalate as US urges concessions
Sony handheld to take on Nintendo DS, smartphones
Secret files 'reveal British plan to weaken Hamas'
Heritage makes giant gas find in Iraqi Kurdistan
Number of Internet users worldwide reaches 2 bln: UN
Studio used by Al Jazeera ransacked in West Bank
Medvedev uses Davos meet as defiant show against terror
Google widens access to Israel's Holocaust archives
Ahmadinejad slams rivals in Iran power struggle
Dow Jones index hits 12,000 points
Bomb found near police station in Belfast |
Headless Conficker worm lives in computers
Iraqi journalists face sacks of gold, fists of fire
Nuclear weapons risk spreading due to impasse: Ban |
Boeing fourth-quarter profits slump on lower sales
New Lebanon PM prepares to form govt, streets quiet
Paintballs leave stain on Gaza ship raid tactics |
Mobile app industry to surge in 2011: Gartner
Mystery WWII photos launch German war crimes probe |
US roadside bomb casualties rise in Afghanistan
S. Korea to airlift home rescued ship captain
US-TECH Summary
Vietnam ex-communist dissident jailed for 8 years
Sony handheld to take on Nintendo DS, smartphones
Indonesia arrests 'smuggler' over immigrant deaths
French actress Sagnier sees herself as 'free agent'
Consumer tech invades Davos, wider corporate world |
Microsoft sells 2 million phones in quarter |
Intel wins EU approval for McAfee deal |
VantagePoint sees big clean tech deals in 2011 |
Facebook says no major changes in Egypt traffic |
Apple removes banned Nazi anthem from German iTunes |
Russia says Stuxnet could have caused new Chernobyl |
Another lawsuit for the group behind Golden Globes |
UK university awards first Beatles studies degree |
Will Smith, Jay-Z team to remake Annie |
Country music legend Charlie Louvin dies |
Sundance documentaries offer broad view of the world |
Oscar extends warm welcome to newcomer nominees |
US-TECH Summary
Intel wins EU approval for McAfee deal
Russia says Stuxnet could have caused new Chernobyl
Kodak loss mounts on digital sales, shares fall
Facebook says no major changes in Egypt traffic
Obama pushes expanding high-speed wireless service
Google buys SayNow, fflick
New media blocked in Egypt as protesters find new tool
Tablet boom boosts PC market in Q4: Canalys
Consumer tech invades Davos, wider corporate world
U.S. shifts tone, bluntly urges Mubarak to reform now
'Slavic militant' sought over Moscow bombing
Verizon struggles with BlackBerry data traffic
Egypt unrest enters third day, ElBaradei to return |
US Fed stands firm on stimulus deal
Factbox
Loyalists of ousted Tunisia leader expected to go |
NY Times details rocky relationship with WikiLeaks
Cruz, Bardem baby boy 'doing great': spokeswoman
Colombia coal mine blast kills 20, regulator says |
Marooned Miami bay piano strikes odd note
The Decemberists Earn First #1 Album On Billboard With "The King Is Dead"
Facebook lets advertisers 'sponsor' user updates
Paintballs leave stain on Gaza ship raid tactics
Bad eating can give you depression: study
Karzai opens Afghan parliament, taunts West |
Michael Jackson’s doctor pleads not guilty to manslaughter charge
Egypt trade minister cancels Davos trip
Australia imposes new tax to fund flood recovery |
BP chief defends new exploration deal
Haiti ruling party pulls candidate from election |
No 'major changes' in traffic from Egypt: Facebook
Muslim birth rate falls, population to grow more slowly |
Tiananmen duo denounce Hong Kong entry ban
Google buys SayNow, fflick
Australia imposes new tax to fund flood recovery
Netflix profit up, adds more subscribers
Australians face flood recovery tax
Microsoft sells 2 million phone software units
U.S. says Tunisia's government must do more on democracy
China's Li reaches historic Slam final
Russia calls for NATO probe into Iran cyber strike
"Flood" tax an extra headache for Australia retailers
Apple removes banned Nazi anthem from German iTunes
Sony unveils NGP handheld; takes on DS, smartphones
'The Hobbit' delayed as Jackson undergoes surgery
New outcry over charges in China hit-and-run
Mumbai's washermen fear rise of the machines
FCC grants LightSquared airwaves waiver
Sony unveils NGP handheld to take on DS, smartphones |
US-ENTERTAINMENT Summary
Special Report: Can Samsung change with the tech times? |
Japan star Kagawa out of Asian Cup final
Oscar race a multimillion-dollar gamble for studios
Nintendo Q3 profit down 46 percent, keeps outlook |
Chinese fugitive briefly a web sensation
Jimmy Buffett out of Sydney hospital after tumble
Microsoft set to report lower profit on stale PC growth |
Will Ferrell to appear on "The Office"
Macau tycoon coerced in family brawl, lawyer says
Tablets to make up 10-15 percent of PC market: Lenovo |
MTV stands by racy teen drama "Skins"
Never any hope of New Zealand mine rescue: coroner
Buffett gets all clear after Australia stage dive
Verizon struggles with BlackBerry data traffic |
Motorola smartphones disappoint, iPhone already weighs |
Motley Crue's Neil jailed 15 days for drunk driving
"Teen Mom" hits season-high ratings
Netflix profit jumps as it adds customers; shares up |
Nissan turns new Leaf with all-electric car
Seoul shares up 0.2 pct; foreign buying helps
Medvedev stands firm on terror at Davos meet
Taiwan stocks end up; chip firms rise on positive outlook
China White Rabbit sweets hop into Lunar New Year
Japan export growth signals recovery
The CW’s “Vampire Diaries” urges fans to “Catch VD”
Knife-wielding New Yorker holds parents hostage, then surrenders
Challenges remain for booming India
Dow briefly crosses 12,000 mark on strong home sales
CDC: 26 million Americans now suffering from diabetes
Hynix earnings sink on weak chip prices
Government commission says regulators failed in 2008 stock market crash
Penelope Cruz has son with Javier Bardem |
Fuel price rise hits Korean Air profit
Reports: U.S. proposed resettling Palestinians to South America
Director Jackson's surgery to delay Hobbit filming |
TN man kidnaps son-in-law, trades him for Xbox 360
Seoul shares up 0.2 pct; foreign buying helps
MTV stands by racy teen drama Skins |
Abbott to cut 2 percent of workforce; reports 13 percent sales jump
1.7 million Toyota vehicles recalled over fuel leak issues
Kristen Stewart courted for Snow White |
Jimmy Buffett out of Sydney hospital after tumble |
UN agency counts 2 billion Internet users
Olsen twins' kid sister a Sundance sensation |
Oscar race a multimillion-dollar gamble for studios |
Will Ferrell to appear on The Office |
Sony unveils NGP handheld to take on DS, smartphones
'Second minor' at Berlusconi parties: report
Mubarak under pressure as protests escalate in Egypt
RIM says no access to corporate email in India
Rosneft, Exxon ink Black Sea exploration deal
At least '1,000 arrested' in Egypt protests
Canon sees 2011 profit up 21 percent on sales jump
Rare Sumatran tiger gives birth to three cubs
Thousands march in Yemen to demand change of government |
China rabbit cartoon blocked after skewering govt
Bomb at Iraq funeral kills 35, clashes erupt |
Nintendo Q3 profit down 46 percent, keeps outlook
Hariri bloc will not join new Lebanon government |
Tablets to make up 10-15 percent of PC market: Lenovo
Ukraine ex-PM faces new charges over vehicles purchase |
Special Report: Can Samsung change with the tech times?
Mandela hospitalization raises concern over health |
New scandal documents pile pressure on Berlusconi |
Nokia warns of weak start to 2011 as profit slips
Russian Islamist wanted for Moscow blast: report |
American kills Pakistani in 'self defence': police
Tennis: Djokovic upsets Federer for new order final
Global Weather-Celsius
Special report: Can Samsung change with the tech times?
India's Supreme Court orders government to probe black money
Clijsters, Li set up historic Aus Open final
US-TECH Summary
Indonesia says food security must be G20 priority
Sony's NGP handheld to take on DS and smartphones
Airlines cancel flights to Bali as Indonesia volcano erupts
New letters show human side of J.D. Salinger
Kenyan's mission: solar lamps to empower the poor
Facebook denies to launch branded phones with HTC |
Suzhou hotel launches most expensive New Year's Eve dinner in China
Prestigious line-up for 20th Enescu music festival
There's something about 'Kristie'
When will your tax refund arrive? There's an app for that |
Kristen Stewart courted for "Snow White"
COMMENTARY: Thai PM could end up with egg on his face
Director Jackson's surgery to delay "Hobbit" filming
Taiwan's Jay Chou spices up 'The Green Hornet'
AT&T shares fall on disappointing results |
Special report: Can Samsung change with the tech times? |
RIM says no access to corporate email in India |
Nokia warns of weak start to 2011 as profit slips |
Pakistan's forex reserves jump to record $17.3 bln
S.Korea fin min: inflation is top policy priority
Japan's credit rating downgraded
Sony unveils new 'NGP' portable PlayStation
Canon net profit nearly doubles
China's first Disney Store to open in 2012
Nintendo nine-month net profit plunges 74.3%
Carrie Fisher is fat but not like Jabba the Hutt |
Chinese tycoon hands out cash in Taiwan
Nokia warns of weak start to 2011 as profit slips
Special report: Can Samsung change with the tech times?
Lenovo and NEC may work on smartphone development
Lenovo, NEC in Japanese joint venture to sell PCs
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01