Sunday, August 15, 2010

On this special day – India’s Independence

Today is India's Independence day. I feel proud to be a part of this multi faceted, multi cultural and multi linguistic nation. It is home to more than a billion people. (almost 1/6th of humanity) India is growing at a rapid pace with the software industry (of which I'm a part) clocking revenues of 64 Billion USD and a CAGR of almost 33%.

Did the recession affect our industry. Yes, to some extent as most of our exposure is to North America (around 60-65%) but we survived. Now it is 2010 and we have managed to turn the table around by hedging towards local and non-US markets. Although we are known as the software backhouse of the world, it's deterring to know that only 2% of the world's broadband connection is emanating from India.

The reason is quite complex. India has 2 distinct sides. A growing middleclass and rich population that is mostly dictating how the new emergent India should be. At the same time there is stark poverty of almost 40% who do not have access to things that we take for granted (like clean drinking water, schools and hospitals)

There is a lot that needs to be done. For example, removing caste-ism, eradicating corruption, technology availability for people who do not have access to the advances made all over the world. The education system also needs to be revamped. Besides this we have a mission to achieve good and accessible healthcare to all.

There is lot that can be said. But I would like to raise a toast to this country which has shaped my thoughts all these years. A song for you India:

If I have freedom in my heart

And in my soul I'm free

Angels alone that soar above

Enjoy such liberty.

Thank you India, for giving me the chance to speak up.

Jai Hind


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