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India and the World
"(India’s) rise, which has its roots in the IT industry, will lead to profound changes in the division of labour of the whole world, and of course, in India…. World-class companies have been created in India, and will inevitably go global."
Talouselama, Finland (in review of Ashutosh Sheshabalaya's Rising Elephant).

"Indian groups are mounting a global strategy.... It is not only about IT. India is transforming into a force in pharmaceuticals and biotechnology, automobiles."
Expresso, Portugal (in review of Ashutosh Sheshabalaya's Rising Elephant).

"If you thought this book was only about outsourcing, think again."
Peter Goodyear, Amazon.com (in review of Ashutosh Sheshabalaya's Rising Elephant)
India's seemingly-sudden emergence as a global economic power has surprised many and bewildered some. However, the signs of the awakening Elephant have, in reality, been present for at least a decade, and anticipated by only a handful of exceptional people, such as Karen Elliott House of Dow Jones and Jean Riboud of Schlumberger.

As much as the brushstrokes of Gauguin, IndiaAdvisory's efforts here also involve what the Greeks called teleology. This is because any meaningful effort to understand where India is going - and the range and depth of its impact overseas - also requires a solid assessment of where it is coming from.

Some of the issues covered:
Why are there no major acquisitions in the West by Indian IT firms, in spite of their massive market values? Why does Europe seem to be the principal target for Indian acquisitions? Is it, in reality? What will be its agglomerated impact? Which are the sectors most vulnerable? Is there industrial policy room to make defensive alliances, for example in China? How does one pre-empt the emerging new global supply chains?
Who is financing Indian acquisitions? Is European capital adequately represented? Is enough being done to attract Indian companies to list in Europe?
Why was there no European company present in the first end-to-end IT outsourcing contract by a European financial institution? Why did the Indians get more sexy chunks of the contract than the Americans?
Is there space for Europe in the revving up Indian-American bus? What is the risk that this bus will run off the road in the future? Can Europe build an Indo-European bus? In which areas?
Has "cheaper", for the first time, replaced "better" and "new" in the Indian version of the Great Displacement?
What are the areas of excellence (and future-proofed comparative advantage) on which the West, Europe in particular, should defend and nurture its core competencies? How?
Matrix, an Indian company constituted (for all practical purposes in 2002) snapped up one of Belgium's largest generic drugs companies in 2005. Who are the next Matrixes, getting set to emerge from India in 2008?
Will India manage to leverage (what for a developing country are) its unique high-tech assets - things like the Simputer, corDECT telecoms networks, satellites for disaster medicine, telemedicine and education, innovative Internet-driven rural empowerment schemes into other parts of the Third World? How well are they working in India?
How real is India's high-technology maturity? In which areas is it far ahead of China, and why? What are its geopolitical implications?
Why did the founder of our company imply in 'The Globalist' (Washington DC) that the key to understanding Lakshmi Mittal was India's interrupted history?
For early insights on the global impact of India's emergence, please click here.

To read Ashutosh Sheshabalaya's analysis in Yale University Globalization Center about the zero-sums in one response to globalization, please click here.
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