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India Inflation Replies |
rffrydr
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HenryTo
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HenryTo
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 Posted: Tue Aug 21, 2007 10:31 am Post subject: |
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India's Manpower Shortage in Skilled Labor Threatens Expansion
http://www.bloomberg.com/apps/news?pid=20601109&sid=aNtGr9ytmeYI&refer=exclusive
| Quote: | With 54 percent of India's population of 1.1 billion made up of people age 24 or younger, outsiders view the country as flush with English-speaking workers who can fill advanced jobs in technology, medicine and finance and attract foreign investment, says T.V. Mohandas Pai, director of human resources at Bangalore- based Infosys Technologies Ltd., India's second-largest software services company. That perception is wrong, he says.
``It is not the lack of power, because you can set up a generator. It is not lack of roads, because it will take you an hour more. It will not be an airport, because you can fly from many places. It is lack of qualified people.''
The number of Indian millionaires rose 20.5 percent in 2006, the fastest pace after Singapore's 21.2 percent gain, according to the June 27 World Wealth Report by Cap Gemini SA and Merrill Lynch & Co. At the same time, about 40 percent of adults in India are illiterate. Only 10 percent of Indians ages 18 to 24 are enrolled in higher education compared with 45 percent in developed countries, Prime Minister Manmohan Singh said in a June speech marking the 150th anniversary of the University of Mumbai.
Those who do graduate from college aren't good enough for most jobs, says Sanjeev Bikhchandani, chief executive officer of Info Edge (India) Ltd., which runs naukri.com, the country's biggest employment Web site. Naukri means job in Hindi.
In-demand job-hoppers such as Agashe and Singh, who have master's degrees in business management, are increasing companies' attrition rates to more than 20 percent a year, according to the Associated Chambers of Commerce and Industry of India. |
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HenryTo
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rffrydr
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rffrydr
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HenryTo
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| Posted: Wed Jul 04, 2007 1:17 am Post subject: |
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Wage "inflation" in the Indian public sector is now inevitable:
http://www.bloomberg.com/apps/news?pid=20601087&sid=aiPw7nmPg7kg&refer=home
| Quote: | Singh has petitioned the government to allow companies to spend at least 5 percent of their revenue on wages from 1 percent now. Reliance, operator of the world's third-largest oil refinery, spends 8 percent of sales on salaries, said Singh.
Annual salaries of chief executives of all state-run companies listed on the Bombay Stock Exchange's 30-share key Sensitive Index added up to $81,970 in the year ended March 31, 2006, less than 2 percent of Reliance Industries billionaire chairman Ambani's pay, according to data on Bloomberg. |
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rffrydr
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rffrydr
Moderator
Joined: 30 Oct 2005
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Location: Sunny California
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rffrydr
Moderator
Joined: 30 Oct 2005
Posts: 16445
Location: Sunny California
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rffrydr
Moderator
Joined: 30 Oct 2005
Posts: 16445
Location: Sunny California
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rffrydr
Moderator
Joined: 30 Oct 2005
Posts: 16445
Location: Sunny California
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rffrydr
Moderator
Joined: 30 Oct 2005
Posts: 16445
Location: Sunny California
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rffrydr
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Joined: 30 Oct 2005
Posts: 16445
Location: Sunny California
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| Posted: Fri Feb 16, 2007 8:08 am Post subject: |
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India tries to slow things down without boosting (carry) currency trade. This is beginning to a become a theme across countries in this trade.
http://www.cnbc.com/id/15840232?video=182361585&play=1
Analyst thinks India still a buy on infrastructure. India infrastructure was tthe beginning of the end for Enron. Enron, you were before your time.
China also raised reserve requirements again to 10%
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Today is the Tomorrow you worried about Yesterday! |
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rffrydr
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