US Elections Concern for India

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Nikki7777#21:
Aap ke munh mein ghee shakkar!
(rough translation: more power to you!)
...but I would still like to know from where you got that gem ``that India is the most sought after consumer market in itself with a middle class of 250-300 million with the same purchasing parity power as the entire population of the US.`` ?

nikki7777

while you are kind of correct in estimating that kanuks will have settle for a lowered standard of living in the future due to falling wages, i dont understand your point of gloating over higher prices. main inflation seems to be coming from higher commodity demand and that affects everyone from a kanukistan to kanyakumari equally. and guess who has commodities (bio-mass in evergreens, uranium for pulvurising neighbors, crude-oil, soyabean, porkbellies and beer are some commodities kanuks can profiteer from given chinee and hindi demand).

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Mr. Mamoon:
Your analysis is too simple. You are mistaking Kerry`s grandstanding for policy. If he wins the election, he is likely to do a flip if not a flop on this one. Even if he doesn`t, he has never talked about banning outsourcing; all he has said is that he will fix some tax loophole which might have some impact at the margin, but the comparative advantage of outsourcing is so huge that it wont make a significant difference. And presuming that the congress goes along and does close such a loophole, some good tax accountants will likely find a way to evade that too.
India faces greater threat on outsourcing from potential competitors, including Pakistan, as costs rise, employee turnover increases and it becomes harder to find people who can speak english with a `proper` accent. America will continue to outsource as long as american companies can make profit doing so.

Nikki7777:
``You seem to ignore the fact that India is the most sought after consumer market in itself with a middle class of 250-300 million with the same purchasing parity power as the entire population of the US.``

Where do you get such ``gems`` from?

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re: re: Urstruly # 1

A correction.

Black September, in which the Palestinians were kicked out of Jordan was in 1970 and not 1969.

Ciao

Ref nikki7777 #13

As a fellow Soth Indian, I do expect you to display a little bit more discernment when reading the business news.

[India, China challenging US economic supremacy]

Last time I checked, the US was still ways ahead of China and India in per capita income. Like about 30 times better than China`s and 60 times better than India`s.

[The study said FDI flows to China were much higher at $53.5 billion because of the capital-intensive nature of investment, compared to $4.3 billion for India that is mainly in skill-intensive areas, concentrated in IT services.]

Enough said about the attractiveness of India for FDI vis-a-vis China.

By the way, GE Capital is trying to sell its call center business in India because the costs are too high and they are planning on moving to China. So much for India`s dominance in IT Enabled Services. Or your English skills.

Inquirer

Quadianis are non-Muslims and they will remain so even if, God forbids, Pakistan turns into Somalia.

Imran

The Gulf boom of 80s may be over but the foreign exchange remittances that expatriates send back to home from major Arab countries is still way too large than it is sent from non-Arab countries. Unfortunately despite Pakistan`s efforts to control what Western powers call ``terrorism`` the immigration to Western countries is declining sharply. The illegal immigration, or human smuggling which accounted for the major contribution towards the F.Exchange is declining sharply since Western countries are closing their doors for fear of terror. In the year 2003-04 the FE remittance sent by expatriates have been US$ 3.87 billions. A breakdown of this amount is self evident how much we depend on Arab countries:

Remittances from following major countries only in the month of June 2004 have been:

USA, $125.02 million

UAE, $51.56 million

Saudi Arabia, $49.69 million

UK, $33.98 million

Kuwait $17.04 million

Bahrain $6.67 million

Arab countries are our major clientel and it cannot be sacrificed for unreliable (puting it mildly, actually enemy) Western countries.

Source:

http://www.dailytimes.com.pk/default.asp?page=story_16-7-2004_pg5_3

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sardarji

``for ex- there was a strong anti Japanese sentiment. Now Japns have opened factories in USA. ``

this has more to do with increase in us-labor productivity growth vis-a-vis japanese labor, and steel, anti-japanese sentiment notwithstanding

gung-ho, that was a fun movie.