At one point in time,a little over a decade back, she had no oil, no money, a billion people to feed and in reality had gone bankrupt!!!.Today she's floating in the moola,a majority of her billion people are on a spending spree buying everything at home and all over the world, her economy is going to overtake the Japanese economy this year , she's got forex reserves of over $200billion and growing and she's creating the first low cost car for the entire world market, at around $2000, which even the western countries cannot undertake!!.And, she's got IT!.NO oilwells to dig, no big manufacturing plants to erect, labor to grapple with and raw materials to spend sleepless nights over!!.I know i can be mistaken for bragging but the real would know i'm not!!.Lessons we can learn???....Please read this news story from the BBC!....this is in billions of dollars aka USD!.
Outsourcing 'to earn India $40bn'
Thousands of call centre jobs have been created in India
Indian software and services exports are expected to earn about $40bn (£19.9bn) in the year to March 2008 as demand for outsourcing remains strong.
The National Association of Software and Service Companies (Nasscom) added that the sector should achieve $60bn in export revenue by 2009/2010.
"We are confident and I think we will get there," said Nasscom president Kiran Karnik.
"The overall demand is strong... the headroom for growth is huge."
Challenges ahead
Indian software firms such as Tata Consultancy, Infosys and Wipro offer services like system integration, application development, and supply chain designing and back-office services.
A large pool of English-speaking and well-educated workers have helped to win outsourcing contracts from firms in Europe and the US, and means India remains a favourite outsource destination.
Nasscom says the industry contributes 5.2% to the country's gross domestic production.
But there are challenges to the sector, such as rising wages and the increase in the rupee against the dollar this year.
bbcnews.com