, like delicate plants, thrive in the right conditions. Those include a vibrant private sector, banks that direct capital based on the prospect for profit, analysts with direct access to companies and investors, openness to foreign people and institutions, and business-friendly, consistent laws. For good measure, throw in the cultural amenities that attract the sorts of employees who could choose to live anywhere.
India has long received other countries’ outsourced jobs. Some of those are unsophisticated, such as answering phones or processing forms. Many, however, rely on Indian universities’ remarkable ability to turn out engineers in great numbers, and computing firms’ ability to use them to solve complex problems. Such tasks may be dismissed as “back-office”. But they are at the heart of modern finance.
India’s growing prowess in finance contrasts with its weakness in manufacturing. That is despite constant government intervention, most recently through the “Make in India” campaign launched in 2014 by the prime minister, Narendra Modi.
And if you step outside?!
what about the air quality?
Shit smells, bad.
Ferpelper
Otracaro 🇮🇳
Not surprising. Global economics. Global corporations have no national boundaries but most Labor does.
Moving to an authoritarian, Hindu-nationalist and sectarian mega-state where Mr Modi, as a populist, puts Trump in the shade. Modi is isolating and demonising 180 mio Indian Muslims, this will not end well.
From boiler-rooms to offshored-back-offices
Reminds me of...
West cares money more than the human rights, basic rights and above all labour law.
Core operation? What’s that, funnelling money through city states, dependencies and tax heavens
Sure, save the pennies on hourly costs & move the ops to one of the least efficient & most corrupted jurisdictions just to find out time later that while you saved on your ops, revenue hurts because service sucks & clients leave to the competition. Saw that movie in IT already!
India is one of the new nazism country with China, Burma,..... Look at this
That's a long way to go for a drive-through window. Hope they still hand out lollypops.
Cost arbitrage! The cycle will take a spin in India too. When doing business in India will be expensive and likes of Philippines will be the new 'blue eyed boy' for these banks!
But they’re not in the EU 😱
Just get rid of the whole lot of them, put them in prison, the federal reserve in America too. They are nothing more than criminal operations, just like the owners of the economist.