COVER
STORY
IndoAsean
FTA : Micro Pains, Macro Gains
D Satish and Smitha DeshpandeD
- - D Satish and Smitha Deshpande
step towards the ultimate goal of Asian economic integration
and a push to Indias dream to join a major Asian trading
bloc, the IndoAsean Free Trade Agreement (FTA), should
have come long back.
©
2006 IUP . All Rights Reserved
INTERNATIONAL
FINANCE
Dollars
Decline : Global Implications
N Janardhan Rao with inputs from Ravi Babu Adusumilli
The
steady decline of the greenback and the US policy of
"nonintervention" may have risky consequences not only
for the US but also for the entire dollartied global
economy.
©
2006 IUP . All Rights Reserved
INTERNATIONAL
FINANCE
Asia
: Is it Ready for Common Currency?
D Satish and Lingisetti Venu
After
years in the backburner, there are again calls to form
the Asian Currency Unit. What has changed and is Asia
ready for this monetary union?
©
2006 IUP . All Rights Reserved
INTERNATIONAL
FINANCE
Emerging
Markets: Turbulence in Turkey
Amit Singh Sisodiya and Sanjoy De
Turkey,
which until now was one of the star performers amongst
the emerging markets, suddenly saw its fortunes fall
as the melt down in the global financial markets hit
it hard. However, local issues are more to be blamed
for the market mishap.
©
2006 IUP . All Rights Reserved
FINANCIAL
MARKETS
Indian
Stock Market: The Tightening Bear Grip
D Satish and Y Bala Bharati
The
Indian stock markets have continued their downward journey
for sometime now, confirming the strengthening position
of the bears.
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2006 IUP . All Rights Reserved
INDUSTRY
Software
Product Development : Unfolding the Opportunity
N Janardhan Rao and Ravi Babu Adusumilli
After
IT services, Indian players are eyeing the product development
market to move up the value chain.
©
2006 IUP . All Rights Reserved
ROUND
TABLE
Biotechnology
in India
N Janardhan Rao
Biotechnology
in India has evolved from contract manufacturing and
R&D activities to front end technologies. The industry
just crossed a major milestone last year by touching
the $1 bn mark. The biotech industry in India is spread
across biopharma, bioservices, agribiotech, industrial
biotech and bioinformatics.
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2006 IUP . All Rights Reserved
PERSPECTIVES
Socceronomics
: Fun and Fundamental
Amit Singh Sisodiya and Rajendra Kumar Dash
The
fun and excitement apart, there is more to be gained
from this great game. As the only game in the
world that is played in every country and by people
of every race and religion, football is one of the few
institutions that is as exceptional as the United Nations.
©
2006 IUP . All Rights Reserved
PERSPECTIVES
Double
Click on Log Off : Narayana Murthy and Bill Gates on
Move
GRK Murty
Narayana
Murthythe compassionate Chief Mentor and Chairman of
Infosys and Bill Gatesthe aggressive TechnocratChairman
of Microsoft have announced their journey from "selfactualization"
to a stage of "transandency".
©
2006 IUP . All Rights Reserved
BUSINESS
ENVIRONMENT
eAgriculture
: Harnessing IT
Amit Singh Sisodiya and Surjit Mohapatra
Information
dissemination to farmers holds the key to revival of
the Indian agriculture, which now lags awfully behind
services and manufacturing but supports a huge 200 million
populace.
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2006 IUP . All Rights Reserved
BUSINESS
ENVIRONMENT
Talent
Crunch: Posing a Challenge
D Satish and Surendar Vaddepalli
India
is facing a serious talent crunch in many of the emerging
sectors. An increasing number of companies are
relocating/establishing their manufacturing base or
their backoffice hub in India. Some of them are also
setting up their R&D centers in India to leverage
on the latters lowcost skilled workers. Many companies
are realizing the benefits of setting up offices here.
But, of late, the pace of the number of companies coming
to India has increased, and the companies already existing
in India are expanding their operations, adding to their
headcount.
©
2006 IUP . All Rights Reserved
BUSINESS
ENVIRONMENT
Made
in China: From Toys to Hightech Goods
N Janardhan Rao
As
the worlds largest IT goods exporter, China has conquered
the tech goods territory as well. China has come
a long way since the reform process was initiated three
decades back. On the international trade front, it is
the worlds third largest trading power today. Its emergence
as a major international player during this period has
not only redefined the global trading system, but has
also ensured that this emergence has farreaching economic
and political impact on the world.
©
2006 IUP . All Rights Reserved
BUSINESS
ENVIRONMENT
Consumer
Durables Industry: Diversify or Die
Amit Singh Sisodiya and Kavitha Putta
The
consumer durables industry faces a tough time amidst
shifting consumer preference. Companies cannot
afford to be dependent on a single category to ensure
future growth and to take on growing competition.
©
2006 IUP . All Rights Reserved
BUSINESS
ENVIRONMENT
Contract
Farming: Gathering Pace
D Satish and Medha Chintala
The second phase of the Green Revolution is just
gaining momentum. Food retailing is growing at
a rate of 30% every year. By the year 2020, India will
be the worlds fourth largest retail food markets. The
corporate giants are aggressively working on creating
a foothold in this business by integrating backwards
and operating on the entire value chain. This is being
accomplished through "Contract Farming", a
rising trend where the farmer enters into a contract
with the company. Whats more, s say the trend
is here to stay.
©
2006 IUP . All Rights Reserved
CORPORATE
STRATEGY
Big
Blue : Indiacentric Strategy
D Satish and Y Bala Bharathi
Big
Blue remains bullish on the Indian economy with big
plans to triple its investment in India over the next
three years. IBM, the worlds biggest information
technology firm, held the s meeting on June 6,
2006, at Bangalorethe silicon valley of India. The uniqueness
of the event lies in the fact that this is the first
time ever the meeting was held outside the US. This
apparently would have sent positive waves about Indias
growing potential to the rest of the world.
©
2006 IUP . All Rights Reserved
CORPORATE
STRATEGY
Vodafone:
Goliath in a Labyrinth
Amit Singh Sisodiya and Madhuparna Chakraborty
If
the highflying wireless giants latest financial reports
are any indication, it needs giant and not baby steps
to stay the course, as the global telecom landscape
is becoming fiercely competitive.
©
2006 IUP . All Rights Reserved
CORPORATE
STRATEGY
Google
vs. Microsoft: Clash of Titans
Amit Singh Sisodiya and Kavitha Putta
It
is a battle for supremacy between two best brainy companies
of the technology industry in which, however, Google
appears to have an edge.
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2006 IUP . All Rights Reserved
TECHNOLOGY
WiMAX
: Broadening Broadband
Amit Singh Sisodiya and Ankur Gupta
It
is 100 times faster in wireless data rates and is touted
as a solution for the "last mile" connectivity problems
for urban and rural access to Internet connectivity.
In essence, WiMAX promises to revolutionize the way
people use broadband.
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2006 IUP . All Rights Reserved
TECHNOLOGY
ePaper:
Entering Practical Use
D Satish and Smitha Deshpande
After
languishing in the research labs for more than 30 years,
epaper is all set to enter into our everyday lives.
©
2006 IUP . All Rights Reserved
MONETARY
MUSINGS
Chinese
Interest Rates : Is Hike a Good Bet to Cool the Economy?
GRK Murty
China
knows what is good for it. More than that it has the
best timing sense for its execution.
©
2006 IUP . All Rights Reserved
BY
INVITATION
IndoAsean
FTA : A Necessity
Hemant Batra
We
need to overcome the mental block or the obsessions
as to what can India do to sell more to Asean. This
mindset must be bid good bye, if we want our economies
to change for the better.
©
2006 IUP . All Rights Reserved
BY
INVITATION
Biotechnology
in India: Opportunities Galore
Kiran Majumdar Shaw
Biotechnology
is the next big economic opportunity for Brand India.
Today biotechnology is playing an increasingly important
role in addressing the previously unmet medical needs,
augmenting food and agriculture and addressing environmental
sustainability. Biotechnology is the next big economic
opportunity for Brand India. Today biotechnology is
playing an increasingly important role in addressing
the previously unmet medical needs, augmenting food
and agriculture and addressing environmental sustainability.
©
2006 IUP . All Rights Reserved
APOLITICAL
State
Election Results : Red flags for reforms?
grk
The
CPMled Left front has comeback to power in West Ben
gal. Another communistled coalition has been voted
to power in Kerala. These two results have obviously
strengthened the hands of the "leftblock"
in Delhi, which means more bargaining power for them.
And the return to power of the DMKthat has promised
all kinds of "freebies" to the voters in Tamil
Naduhas only added to the woes of the congressled coalition
at the center.
© 2006 IUP . All Rights Reserved
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