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onehandle Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-30-05 12:17 PM
Original message
India's Economy Up 8.1 Percent in Quarter
American jobs go bye-bye.
___________________________________________

NEW DELHI - India's economy grew a robust 8.1 percent in the April-June quarter from a year ago, lifted by strong manufacturing as well as services such as banking and tourism, the government said Friday.

http://news.yahoo.com/news?tmpl=story&u=/ap/20050930/ap...
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Tempest Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-30-05 12:37 PM
Response to Original message
1. China's economy up 9.2%
Makes the U.S.' 3.4% growth look like we're standing still.
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day2 Donating Member (23 posts) Send PM | Profile | Ignore Fri Sep-30-05 01:05 PM
Response to Reply #1
2. They are doing jobs americans don't want to do
Dontcha know they are doing those old fashioned buggy whip jobs americans no longer want to perform? Why my cousin lost his high paying IT job and is really satisfied with his new work at the temp service.

Just think we can now all become ceo's of our own flea market spot.
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Demeter Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-30-05 01:08 PM
Response to Reply #1
4. That's "Alleged 3.4% Growth"
I'll believe it when I see it: falling unemployment, rising median income, and increasing tax revenues, fewer business failures, bankruptcies, and smiles on faces in the streets.
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Zynx Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-30-05 01:08 PM
Response to Reply #1
5. 3.4% is decent for our economy.
It is about our long term average. You will struggle to find an economy at a similar point of development growing our rate. However, it must be noted that this growth rate has only been accomplished in a period of record deficits and very low interest rates that should be producing growth north of 6%, but we're not getting that.
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Yupster Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-30-05 07:08 PM
Response to Reply #1
14. I wonder how their energy demands have risen
in the last year?

If India and China are going to increase their energy use by 8-10 % a year and there are four Indians and four Chinese for every American then the world is going to run out of fossil-based energy at any cost pretty soon.
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leftchick Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-30-05 01:07 PM
Response to Original message
3. I made a US Airlines Res the other day
I talked with five different people all hard to understand and very much like they were from India. My name is spelled wrong in my reservation too! Welcome to the US of India Airlines...

:argh:
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day2 Donating Member (23 posts) Send PM | Profile | Ignore Fri Sep-30-05 01:13 PM
Response to Reply #3
6. I know what you mean.
I know what you mean. My magazine subscription was messed up. I could not understand the indian person on the other end at all and finally went the email route.

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goodhue Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-30-05 02:28 PM
Response to Reply #3
8. Most Indians I know speak better English than Americans
eom
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leftchick Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-30-05 03:14 PM
Response to Reply #8
10. I have had Indian friends in the states who I understood well
The folks actually living in India hired by US Air apparently are not as fluent.
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goodhue Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-30-05 03:52 PM
Response to Reply #10
13. I don't think fluency is the issue, rather accent and phrasing
Please remember that English is one of the two official national languages of India (the other is Hindi). According to wikipedia, English is spoken by somewhere between 50 and 250 million Indians in India. The educated Indians in call centers have likely been speaking English since they started attending school, albeit as a second or third language.

Indeed, about a third of the population in India has the ability to carry on a conversation in English more than the combined populations of Britain and the United States.

See
"English speakers"

http://www.abc.net.au/newsradio/txt/s1363471.htm

"English speakers"

"Which country in the world has the largest number of English speakers?"

"If you'd guess the United States of America - you'd be wrong. You would have been right up until about ten years ago."

"But now the country with the largest number of English language speakers in the world isIndia!"

"According to linguist David Crystal, India's population passed a billion a couple of years ago, and if you couple this with the fact that a 1997 'India Today' survey suggested that about a third of the population has the ability to carry on a conversation in English you end up with around 350 million English language speakers in India - more than the combined populations of Britain and the United States."


Linguisticly, there is a variety of English known as Indian English, see

LINGUISTIC AND SOCIAL CHARACTERISTICS OF INDIAN ENGLISH
Jason Baldridge
http://www.languageinindia.com/junjul2002/baldridgeindi...

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Robert Oak Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-30-05 01:46 PM
Response to Original message
7. nice results on free trade huh
They get the manufacuturing, jobs, their economies boom,
ours is mired in debt, wages decline and bankruptcy, debt for Americans at an all time high.

I see this theory is really working well.
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goodhue Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-30-05 02:29 PM
Response to Original message
9. It's no coincidence that this follows Congress party taking over from BJP
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Raster Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-30-05 03:15 PM
Response to Original message
11. This proves that outsourcing is GOOD for the economy. India's economy.
My prediction is that within the next 15 years India will replace the saudis as our number one weapons and armaments customer.
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goodhue Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-30-05 03:31 PM
Response to Original message
12. Growth due to agriculture, manufacturing, construction . . .

http://www.business-standard.com/common/storypage.php?s...

With growth in Q2 and Q3 last year being even lower, at 6.7 per cent and 6.4 per cent respectively, the base effect should be enough to enable the economy to comfortably achieve this years 7 per cent target.

In fact, given the much greater degree of comfort in agriculture this year, all the signs point to substantially higher growth this year.

That depends, however, on whether the momentum in several sectors will be sustained. While overall GDP growth in Q1 has been the highest in a year, manufacturing growth in Q1 is at a multi-year high, growth in construction is highest since the second quarter of FY04, growth in trade, hotels, transport is the highest since the third quarter of FY 04, and financing, insurance, real estate and business services have grown the fastest since the second quarter of FY03.

If agriculture does as well as it was expected to, theres no reason why the record growth in these sectors will not continue.
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