Interesting Fact of the Day II
Between 2003 to 2005, in a period of only two years, U.S. exports to Inida tripled from $5 billion to $15 billion, and in 2006, it is estimated that exports to Inida will exceed $19 billion!
We hear a lot about outsoucring TO India, but hear as much about our exploding exports of U.S. merchandise and services TO India.
For example, in "The World is Flat," Thomas Friedman describes the "24/7 Call Center," a typical call center in Banglaore (where I am currently visiting):
"All the computers are running Microsoft Windows, with chips designed by Intel. The phones are from Lucent (now Alcatel-Lucent). The air-conditioning is by Carrier, and even the bottled water is by Coke. In addition, 90% of the shares in 24/7 are owned by U.S. investors. So even with the outsourcing of some service jobs from the U.S. to Inida, India's growing economy is creating a huge demand for many more Amercian goods and services."