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(Latest Businessline column. Forgot to cross post it here last week. Hopefully will keep you occupied till I actually write a blog post one of these days.)
I have some exciting news fresh from the mysterious vaulted chambers of the Ministry of Statistics and Programme Implementation, R ... Continue reading »
I have some exciting news fresh from the mysterious vaulted chambers of the Ministry of Statistics and Programme Implementation, R ... Continue reading »
1 year ago
have you ever tried to be a standup comedian? might be another of your turf.
1 year ago
Eagerly waitin for the mallu chettan's next travail...
1 year ago
1 year ago
Inflation 101 for dummies !!!!!
Seriously you are helping few out there with your simple explanations.
Like the guy who commented before me , you should try in comedy, but not as a comedian , may be writing comedy scripts for the comedians.
Have you watched Russell Peters ?
You can take inspiration from Conan O'Brian :-)
As the inflation lowers, so is the dollar value compared to rupee.
Which will eventually slow down the growing indian economy.
All in thousands of dollars.
Wipro
Total Revenue 3,436,921 2,387,405 1,862,972
Cost of Revenue 2,350,606 1,612,051 1,233,274
Infosys
Total Revenue 3,090,000 2,152,000 1,592,000
Cost of Revenue 1,777,000 1,244,000 904,000
SATYAM
Total Revenue 1,461,400 1,096,300 793,597
Cost of Revenue 937,600 689,000 506,776
Before I jump on analyzing thee numbers , I should start going back to my "H1B Theory Of Growth For Indian Economy ".
Which I will elaborate slowly ,
To begin with , take a look at the numbes below
No of H1s Year
65000 1996
65000 1997
90000 1998
115,000 1999
195,000 2000
195,000 2001
195,000 2002
195,000 2003
130,497 2004
116,927 2005
65,000 2006
65,000 2007
Of which total of these , 25% are indians, according to DHS.
But I would give a healthy 40% , given the fact that DHS was carved out of INS, and Dept of Justice and NSA .... etc and have no fancy ( proper) computer system in the 90s.
Which will put the H1B number to 596969.6, close to six lakhs.
Need more time to finish this , to be continued.
1 year ago
1 year ago
1 year ago
Also, it looks like you have a thing for inflatable ummmm....! you made a comment on Prem Panicker's blog using this as well.
1 year ago
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1 year ago
Yeh tumhe kya ho gaya!!! Why ? Why ? With great difficulty I find people who write entertaining stuff on the blogosphere. You are one of those few whose writing I do enjoy. But why are u getting into all this muck about economics and serious topics. Maybe u are taking ur blogging too seriously. It's like Sachin adapting his batting style to suit his age. Sure it does good to him..but as a spectator u are left uninspired!!! The same is happening with u. So leave all this and get back to ur bindaas blogging.
All the best...
Or as an afterthought..is it all becoz u r now married and have lost the sources of ur cheeky posts!!
1 year ago
Au contraire, youre rediff ones are more like typically you..Keep them up..
Cheers
1 year ago
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1 year ago
Well horses for courses really. And in a few years time I will get my style and stage sorted out.
1 year ago
1 year ago
its fundoo easily one of your best. i am a regular to your blog but for the first time i felt compelled to post a comment.
keep it up... "Nobel prizes are being flung" was a killer... whoa whoa
1 year ago
1 year ago
1 year ago
About 1 million jobs were created by the TATAS, AMBANIS .... NARAYAN MURTHY's for the last ten years. This eventually helped government treasury as people paid taxes.
Government is getting richer every day.
Now back to the argument from your Keynesian school of thought
that money supply in addition to interest rates, and output ,
Interest rates were hovering around 6%.
Now lets talk about the output, while the output was increased, ( i don't have exact numbers ) the issue here is the spending capacity of the growing middle class. In current day, Indian middle class families have few relatives abroad and received healthy sum from them.
1 year ago
which is 79 lakhs, crores . Holy Crazy . Thats how much money is available to spend for the people living in India.
Now going back to the Keynesian output, this is not an output by Indians living in India.
This is the output by Indians living abroad, but spent in India.
Now throw in the people psychology to this mix.
People are spending more than their parents did. Reason, they are getting spending money from a cousin or brother living abroad. OR in the case of working professionals, they are getting good salaries from the companies and are not worried about future.
1 year ago
Now here is the cycle ,
The H1 boom, and Y2K helped IT revolution shipped some Indians abroad.
The money remitted by these Indians helped the families to spend more which helped the traditional brick and mortar companies. So the output rose.
The psychology of the people helped the economy grow.
The dollar remittance by Indians living abroad in the 50s through 90s is probably much lower than the one in the 2000s. I am trying to get numbers.
Meantime , please revert back to the HUMOR :-)
1 year ago