Harnessing the Potential of Companies in India
The World Economic Forum rates India # 50 for global competitiveness. The WEF is trying to find key factors to help a country prosper. They have some very good insights. Take a look to get a better understanding of India. Also the World Economic Forum has a great report called Harnessing Private Sector Capabilities to Meet Public Needs.
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A lot of international organizations have come up with ratings for the country. World bank also has its own index for labor. I think its called the hiring and firing index or something. What perplexes me is that in 1995 ( when outsourcing really started in the country ), we did not have the necessary infrastructure but investments started coming in. What was a CEO's perception in the 90's when they decided to outsource to this country ?? The corruption levels were high, there was political instability, the economy was not completely opened up, the macro-econ indicators did not suggest growth, work ethics were poor...Thomas Friedman has an explanation for the phenomenan after 2001 and says that it was because India invested in optic fibres and because we had a huge unemployment rate.
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