Tuesday, April 15, 2008

A Note On Future Indian Dominace

I have been working with an Indian company. It has not been easy. The time change makes it nearly impossible to develop a normal working relationship. But even in my short and limited dealings, the experience has convinced me more than ever that this century belongs to South Asia.

In a nutshell, the deal entails selling my company's available web ad impressions that occur when some from India visits our sites. As of now, these impressions have no value; so the marriage is a win-win for all involved.

Yet the Indian company sought us out. Not the other way around. Indian industriousness knows no bounds.

It is hard to comprehend how hard people work in India. It all starts with the job application process. A typical job has thousands of applicants for one position. That is life in a country of more than one billion people.

So you can imagine that once this elite individual starts work; his/her ethic is unparalled. Consider the following: on several occasions, I have received calls from my Indian counterparts after 11pm India time (smack in the middle of the work day for me). The work day never ends there.

My Indian friends at business school would apply to university programs in India where 10,000 people applied for each open slot. In order to compete, prospective Indian students must study before school and after school. Often my friends would be studying past midnight for these entrance exams.

What do you think life must have been like for them when they got to an American business school? I will give you a little perspective. In 95% of MBA programs, most work is done in groups and it is harder to get a "C" than to earn an "A". Indeed most professors valued the learning process rather than mastering the material.

Sure, there are Americans who work just as hard as these examples; but it is not the norm. It is in India. Competition is what has made America great. With all of that competition, how can India not succeed? In the past, Imperialism and then Socialism have served as a yoke on the Indian economy. Now unrestrained, we shall see our economy eventually eclipsed by mid-century.

The current GDP growth rates bear this out; but sometimes it is nice to look at the micro level for reasons why things are happening at the macro level

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