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Reflections on INDIA Among the BRICS in a meltdown. Walter Vieira, FIMC 2009
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An exciting time The dance of democracy. 6.5 million staff ! 543 constituencies ! 4617 candidates ! 300 parties ! 714 million eligible voters ! 828,804 polling stations ! 1.36 million tamper proof elec.voting machines !!!
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India 30 main languages 6 main religions 25% of current MPs faced criminal charges murder, rape and kidnap Congress & BJP - 49% of votes The rise of regional parties.
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India UPBEAT An island of stability in a subcontinent of Pakistan, Nepal, Srilanka, Myanmar, Afghanistan
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India & USA UPBEAT Linked in a ‘common destiny’ Freedom / Democracy / Free Enterprise
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India UPBEAT Is upbeat with expected GDP growth of 7%
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UPBEAT The growing markets Education / healthcare /tourism / infrastructure / IT.
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UPBEAT The growing markets Education / Healthcare / Tourism / Infrastructure / InfoTech
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UPBEAT For most multinationals India has contributed significant profits!!
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UPBEAT The number of middle class homes NOW exceeds the number of poor homes
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UPBEAT INDIA companies going global. Tata Corus Tata Motors Jaguar Hindalco Novelis et al
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DOWNSIDE Gone too far, too fast? Unfortunate – the great meltdown. Tata Motors /Wockhardt / Ranbaxy
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DOWNSIDE Problems of Corporate Governance Satyam (2009) The biggest scam in India
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UPBEAT Exemplary The fast correction – now Tech Mahindra
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DOWNSIDE So much to be done Illiteracy Water Sanitation Roads Health Judiciary
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UPBEAT The Challenge that is INDIA A developing country with a mature market differentiate segment BOPyramid Core competency
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Thank You
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