BusinessWeek online in its Dec 8th 2003 cover story The Rise of India says “Growth is only just starting, but the country’s brainpower is already reshaping Corporate America.” It is worth the read. Here is an excerpt:
If India can turn into a fast-growth economy, it will be the first developing nation that used its brainpower, not natural resources or the raw muscle of factory labor, as the catalyst. And this huge country desperately needs China-style growth. For all its R&D labs, India remains visibly Third World. IT service exports employ …