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The Myth of the New India

Posted by ryuzaki0 on from the would-be-nice-though dept.

theodp writes "An NYT op-ed on The Myth of the New India reports that only 1.3M Indians are participating in the so-called new economy of BPO, leaving 400M have-nots without a piece of the pie. Despite recent gains, nearly 380M Indians still live on less $1 a day, setting the stage for rural and urban conflict." From the article: "No labor-intensive manufacturing boom of the kind that powered the economic growth of almost every developed and developing country in the world has yet occurred in India. Unlike China, India still imports more than it exports. This means that as 70 million more people enter the work force in the next five years, most of them without the skills required for the new economy, unemployment and inequality could provoke even more social instability than they have already."

7 of 378 comments (clear)

  1. Does it look like Texas by Anonymous Coward · · Score: 0, Funny

    Does it look like New Texas in the Middle east?

  2. Watch Out by Mantrid42 · · Score: 5, Funny

    I guess we'll just have to outsource some more jobs.

  3. There's just one answer by mc6809e · · Score: 2, Funny

    And that's to make more pie.

  4. Re:Ya gotta start somewhere by Tablizer · · Score: 3, Funny

    You can't take hundreds of millions of people from a state of impoverishment to the land of overflowing McDonalds (and bellies) overnight.

    How about a giant liposuction pipeline from west to east?......well, it looked okay on paper.

    --
    Table-ized A.I.
  5. India by ThreeE · · Score: 1, Funny

    I'm standing beside myself looking for a Stop'N Go to buy.

  6. Dear Author, pls do your homework correctly ! by truthalonematters · · Score: 2, Funny

    The author , though his name sounds to be Indian, is a person from MARS, b'cos he knows nothing about India and its people. No place on earth has such an amazing amount of diversity and yet the country grows at a impressive rate of 8% per year , check this latest article "The dragon faces Indian FDI threat" by Yasheng Huang, a stickler for time and associate professor at the Sloan School of Management at http://economictimes.indiatimes.com/articleshow/17 06117.cms Mr author fyivisit http://www.goodnewsindia.com/ to read 100% authentic and unbiased news about how indian poor and rich serve their country and their fellow citizens with amazing success. This site is not biased by any media or any politician or any author like you ! As rolfwind (another blogger) rightly pointed out ... before writing again on things such as numbers on exports, imports and poverty 'n blah blah ... please first check the facts verified ... http://www.cia.gov/cia/publications/factbook/geos/ india.html [cia.gov]. Poverty in india is 25% from cia.gov while in US it is 12% ! so what is big difference if you consider the 1.1 billion population with that of 350million !! Can the author pls point out from he got the magical figure "less than $1 a day" figure ....i think author from MARS !!!

  7. Re:Scaremongering by ccp · · Score: 2, Funny

    Exactly, democracy was named after its inventor, Democracy Jones, from Ohio.

    And let's not forget his kid brother, Republic.

    Cheers,

    CC