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It’s not just the Flower child of the ‘60s who thought Krishna was cool. Being religious isn’t some thing that would throw you back a generation or two; in fact it’s hip and happening. Be it wearing ../images of the Gods and Vedic symbols on their sleeves or using them as wallpapers on their mobile phones or as ring tones on their mobiles. The young and the restless are increasingly turning to religion. God-fearing and proud of it seems to be the new mantra for the trendy nirvana seekers of the Y2K generation. Similarly, a number of Muslims are trying to redefine Islam and move away from traditional notions of that religion. The progressive Muslim is like any other young Indian who studies or holds a high profile job and at the same time takes time out to pray five times a day. And he also fasts during the month of Ramadan. Muslim reformists feel the current interpretation of Islam is misleading and they put the blame on clerics and Islamic extremists. Though progressive Muslims believe Islam has to be made relevant in today's world, they keep the holy book Quran at the heart of all their beliefs.
» Business Buzz
Let’s now check out the rising graph of the economy
» Indian companies like Reliance, Ranbaxy, Infosys and Bharti Airtel are being tipped to join the list of global MNCs.
» Forbes magazine estimates India has 27 billionaires and Merrill Lynch says we have 70,000 millionaires.
» India is the largest producer of milk in the world and the second largest producer of vegetables globally.
» India’s national stock exchange is the third biggest in terms of number of transactions, after the New York Stock exchange and NASDAQ.
We are a nation of paradoxes. India’s experiment with democracy has been sustained for 60 years and it’s been a success. The country has been making rapid strides on the international scene and is a world leader in cutting-edge fields such as IT, BPO and increasingly in the manufacturing industry, thanks to its world-class institutions of higher learning. The purring tiger is roaring in the new millennium--India is emerging as an economic giant.
It’s a tale of entrepreneurship and adaptability. The country boasts of the unique entrepreneurial genius of Mumbai’s “Dabbawallahs”, who deliver lunch boxes to offices around the city and its suburbs with clockwork precision. It is the capacity of the people of this country to not just adjust to adversity, but to invent innovative means to overcome it. And this can be seen throughout the length and breadth of the country.
MOVERS AND SHAKERS OF INDIA INC
At least Indians head eight of the 500 biggest companies in the world. Lakshmi Mittal, chairman of Mittal Steel, runs the world's largest steelmaker, based in Rotterdam, Netherlands. He’s been monopolizing the front page of every newspaper in France and Europe for the last few months. Be it his takeover plans or his daughters wedding.
Mukesh Ambani is the CEO of Reliance Industries, the largest non-state company in India. Ramani Ayer is CEO of Hartford Financial Services Group, based in Hartford, Connecticut. Rajat Gupta became the first foreign-born CEO of consulting firm Mckinsey. PepsiCo has named Indra Nooyi as its next CEO. Four of the eight Indian CEOs listed in the Fortune Global 500 run companies outside their country. Indians head six of the 1,000 biggest US companies, according to Fortune magazine. Like Gupta and Nooyi, most are the products of the Indian Institute of Technology (IITs) and the Indian Institutes of Management (IIMs). Created after India achieved independence from British rule in 1947, they were designed to train leaders for India's post-war industrial development. Arun Sarin, CEO of Vodafone Group, graduated from IIT- Kharagpur as did Ajit Jain, a potential successor to Warren Buffett at Berkshire Hathaway. In 1950, a former detention camp in Kharagpur has converted into the first IIT.
The pursuit of rigorous education, much of it American-inspired, at the IIT and IIMs is a middle-class Indian’s dream. One in 50 applicants to the IIT schools is accepted, and at the IIM management college in Ahmedabad, it's one in 532. Compare it to Stanford Graduate School of Business, where one in 13 is accepted. |
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