Cartoon of Bill Gates

Information Technology

The Information Technology industry in India has provided the largest fillip to the country’s economy in the recent past. The computer hardware and software sectors have put India on the world map like no other industry.

According to Businessweek, an Indian business magazine, the city of Bangalore in India was ranked the fourth best “Global hub of technological innovation” by the United Nations in 2001. Some of the leaders of this revolution are Sabeer Bhatia, the co-founder of Hotmail, N.R. Narayana Murthy, the chairman of Infosys Technologies Limited and Azim Premji, the chairman of Wipro Technologies.

However, a result of this technology boom in India has been global. A number of employees in Western countries were laid off, due to the transfer of their jobs to India. This bought the outsourcing trend into the spotlight. Here is an interesting video clip on outsourcing by an American professional who lost his job as a result of this trend.
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Telecommunication

A holy man talking on a cell phone

The telecommunication industry in India was predominantly a domain of the Indian government till 1990. In the 90’s, the administration opened up the telecom market, by inviting private enterprise. Private companies like Tata, Hutch, Reliance capitalized on this opportunity and revolutionized the telecom industry.

Today, the mobile market in India equals that of most developed nations. Subsidiaries of the Reliance group of industries, founded by Dhirubhai Ambani have made it to the international telecommunication markets, and Reliance Industries Limited also made it to the 298th spot on the Forbes Global 2000 list in 2005. The Tata group of industries, founded by Jamshedji Tata, is another multinational bigwig based in India.
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Nuclear Research

India’s nuclear capability was recently in the news, when it signed the The United States-India Peaceful Atomic Energy Cooperation Act with America in December 2006. It is an act designed to help both democracies boost their economic capabilities through the sharing of civilian nuclear technology.

However, there are a number of political undertones to this pact, the most important being the stemming of nuclear weapons’ proliferation.

India’s nuclear technology has grown at a rapid rate since the 1974 Smiling Buddha nuclear testing project. India now has 11 nuclear power stations distributed throughout the country. The latest nuclear tests it conducted were in 1998 at Pokhran, in the state of Rajasthan.

These tests caused a number of sanctions to be placed on India by many other states. However, they did not seem to affect the Indian economy or technology much.

Consequently these sanctions were lifted and India, now a Nuclear Weapon State is on par with the developed nations of the world in the field of nuclear technology.
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