Things look chaotic, but things do work!
That's how the InfoSys Chairman responded to the question "Is there anything about India you think outsiders don't understand about India?"
That's one thing you should expect when you hit India. As you may already have imagined, you're going to be hit by noise, crowds, pollution, traffic, and poverty unlike anything you have likely seen before. But, as Gopalakrishnan explains, you have to get used to ambiguity, uncertainty and a willingness to "go along with the flow" when you're in India.
Take a look at this 3.5 minute video that is part of Fortune Magazine's "Global Forum" on India.
You can find all the videos here.
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2 comments:
Nice brief video. I wonder if the Chinese were listening and also heard him say that 'India's closest competition is China, but that China, though it produces more engineers than India, is internally focused while India is externally focused..to India's advantage.'
I wonder if India may someday wish to be more "internally focused" like China: If India's 9% GDP growth doesn't trickle down to the masses, perhaps the Communists will win more legislative seats and somehow cause a reduction in foreign direct investment there.
China has less "democratic limitations."
China is also directly investing in the US and lending lots of money to recently G-8 debt-relieved African countries for Chinese companies to build African infrastructure as they lock into future energy supplies there (i.e. Sudan).
Warren Buffet's first non-US investment was in an Isreali company who recently built a huge factory, in record time, thanks to no red tape, in China to further said company's "sustainable competitive advantage."
The smart money still appears to be going to China and less so to India.
Absolutely. I agree completely with this post. This is an issue that is well recognized in India. However, the belief is that there is a "trade-off" and the positive impact of the democratic values in the long run outweigh all these costs.
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