Emergic: Rajesh Jain's Blog

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India: The New Land of Opportunity

June 30th, 2004 · No Comments

Om Malik visited India recently. His article in Business 2.0 captures his views on the changing country and the opportunities: “Thanks to low interest> rates, deregulation, and an influx of 785,000 new jobs at call centers and programming houses, Indian consumers are buying up everything from imported computers and software to cell phones and clothes. According to some estimates, 487 million middle-class Indians will spend an additional $420 billion during the next four years. There are other tantalizing hints that India will become even more attractive as an emerging market for U.S. businesses.”

Tags: Emerging Markets

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