India reply to Obama's 'No Bangalore' policy
By
SiliconIndia,Thursday, 25 June 2009, 20:25 Hrs
Bangalore: India's Commerce and Industry Minister Anand Sharma has expressed his aversions on U.S. President Barack Obama's protectionist policies by saying that outsourcing has created more jobs for U.S. He warned that protectionist measures by the U.S. or other developed countries can only be counter-productive against the backdrop of the global financial crisis.

Sharma became the first Minister after the Lok Sabha elections to directly address the Obama administration on the issue. He said, "Outsourcing has generated more employment in America itself. Indian FDI in America is more than America's FDI in India. Indian investments are more. Globally if you look at the acquisitions and mergers in the last one decade, it is India which takes the lead. If we have taken 24,000-30,000 H1B visas, then we have also created huge employment."
Sharma spoke in Washington on occasion of 34th anniversary of the U.S.-India Business Council where he met Secretary of State Hillary Clinton, Commerce Secretary Gary Locke and U.S. Trade Representatives Ron Kirk, besides key Congressional leaders. Back in India, many business leaders like Azim Premji have also come out strongly opposing trade protectionism in the U.S. and in other countries.
Sharma became the first Minister after the Lok Sabha elections to directly address the Obama administration on the issue. He said, "Outsourcing has generated more employment in America itself. Indian FDI in America is more than America's FDI in India. Indian investments are more. Globally if you look at the acquisitions and mergers in the last one decade, it is India which takes the lead. If we have taken 24,000-30,000 H1B visas, then we have also created huge employment."
Sharma spoke in Washington on occasion of 34th anniversary of the U.S.-India Business Council where he met Secretary of State Hillary Clinton, Commerce Secretary Gary Locke and U.S. Trade Representatives Ron Kirk, besides key Congressional leaders. Back in India, many business leaders like Azim Premji have also come out strongly opposing trade protectionism in the U.S. and in other countries.
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Reader's comments (62)
1: I think, SI should not be disheartened. There
are a few news that Indians (living in India)
may not like and there are some that NRIs may
not like. I being an NRI can tell you that
NRIs try to make higher noice when they read
something uncomfortable to them. That does
not change the view of the world. SI is just
doing its job. Good job SI !
Posted by: Rajesh - 26 Jun, 2009
2: Americans Cars - Ford, G.M. and Chrysler are
Trash as compared to Japanese cars. That
doesnt mean that Americans buy the best
product out there (that is a Japanese car).
They love American stuff.
Look at all the Indians commenting on the forum here... utterly divied and siparaging of their own country. No wonder we were ruled by white people for 200 years.
Despite the well know, well proven, over and over again FACT that the Indians are better in IT than anybody, other "americanised" Indians still hate/ dont back the Indian IT industry and hate outsourcing - as they fear that they will loose jobs themsleves to Indian outsourcers.
Keep dreaming "American Indians", protectionsim or none, this is a wave that can not be reversed. Ultimately, India will get ahead.
I also wonedr, with all the talent and developed Industry, WHY SHOULD INDIA NOT BAN THE IMPORT OF DELL AND HP COMPUTERS INTO INDIA? After all, they are manufactured in China anyways, AND THAT SHOULD KEEP JOBS IN INDIA!
Look at all the Indians commenting on the forum here... utterly divied and siparaging of their own country. No wonder we were ruled by white people for 200 years.
Despite the well know, well proven, over and over again FACT that the Indians are better in IT than anybody, other "americanised" Indians still hate/ dont back the Indian IT industry and hate outsourcing - as they fear that they will loose jobs themsleves to Indian outsourcers.
Keep dreaming "American Indians", protectionsim or none, this is a wave that can not be reversed. Ultimately, India will get ahead.
I also wonedr, with all the talent and developed Industry, WHY SHOULD INDIA NOT BAN THE IMPORT OF DELL AND HP COMPUTERS INTO INDIA? After all, they are manufactured in China anyways, AND THAT SHOULD KEEP JOBS IN INDIA!
Posted by: sandy - 26 Jun, 2009
3:Banning HP and Dell will not create jobs. It
will only reduce. Whether they are made in
US/China or India, they are made for American
standard and that is why they are world
leader.
Most of the readers have forgotten that only last week Export Council of India asked GOI to ban Chinese Handicarfts exports to India because it was hurting Indian jobs. India is way off from being an open country. Wal-mart still can not own 100% in India while the Indian counterparts are welcome to US to set up their shop and continue to outsource.
Be careful to throw stones on others, specially when one lives in a glass house.
Yes, I am American and Indian.
Most of the readers have forgotten that only last week Export Council of India asked GOI to ban Chinese Handicarfts exports to India because it was hurting Indian jobs. India is way off from being an open country. Wal-mart still can not own 100% in India while the Indian counterparts are welcome to US to set up their shop and continue to outsource.
Be careful to throw stones on others, specially when one lives in a glass house.
Yes, I am American and Indian.
Jbh replied to: sandy
post - 29 Jun, 2009
post - 29 Jun, 2009
4:Yup ..Awesome reply sandy to all India
haters.. It's a shame that most of these
India haters are actually NRI's..
Simon replied to: sandy
post - 29 Jun, 2009
post - 29 Jun, 2009
5:Awesome reply.
kumar replied to: sandy
post - 28 Jun, 2009
post - 28 Jun, 2009
6: This is for our dear Editor of the
website:
Please refrain from publishing such cheap publicity oriented artciles! This website is supposed to be for literate and progressive people who would not solicit such cheap news.
Please refrain from publishing such cheap publicity oriented artciles! This website is supposed to be for literate and progressive people who would not solicit such cheap news.
Posted by: Girish - 26 Jun, 2009
7: Hey Mr Sharma! I have seen dogs barking in
streets and there is no outcome..they keep o
barking everyday...
Why not ask your fellow ministers to get hands on Swiss bank deposits! You would get hands on huge pile of cash which can help create MILLIONS OF JOBS in india and our so much dependent BPO industry can set up some meaningful industries which do not depend on the bulldogs...
Why not ask your fellow ministers to get hands on Swiss bank deposits! You would get hands on huge pile of cash which can help create MILLIONS OF JOBS in india and our so much dependent BPO industry can set up some meaningful industries which do not depend on the bulldogs...
Posted by: Girish - 26 Jun, 2009
8: "Outsourcing has generated more employment in
America itself". I completely disagree. One
would utter such nonsensical words only after
smoking Indian hemp.
"Globally if you look at the acquisitions and mergers in the last one decade, it is India which takes the lead". And don't forget Who gave India their big break! It was the US. Had it not been for some greedy bastards in the US who wanted a bigger bang for their unearned buck, Indian industry in general would still be rated a Third World failure.
"If we have taken 24,000-30,000 H1B visas, then we have also created huge employment". Yes, you have created "huge employment" -- for the same 30,000 visa holders. No American in his right mind would work for companies managed by Indians. Even Sharma should know that.
"Globally if you look at the acquisitions and mergers in the last one decade, it is India which takes the lead". And don't forget Who gave India their big break! It was the US. Had it not been for some greedy bastards in the US who wanted a bigger bang for their unearned buck, Indian industry in general would still be rated a Third World failure.
"If we have taken 24,000-30,000 H1B visas, then we have also created huge employment". Yes, you have created "huge employment" -- for the same 30,000 visa holders. No American in his right mind would work for companies managed by Indians. Even Sharma should know that.
Posted by: Beju - 26 Jun, 2009
9:"No American in his right mind would work for
companies managed by Indians."
You are not right atleast here.. I have one of the American being my colleague for last 4 years and work for an Indian mnc
You are not right atleast here.. I have one of the American being my colleague for last 4 years and work for an Indian mnc
Zafar replied to: Beju
post - 28 Jun, 2009
post - 28 Jun, 2009
10:What does Sharma know of India other than
cheap politicisation of things?
RameshKumar Patnaik replied to: Beju
post - 28 Jun, 2009
post - 28 Jun, 2009
11:And why do you think that no American will
work for companies managed by Indians?
Rajesh Menon replied to: Beju
post - 27 Jun, 2009
post - 27 Jun, 2009
12:Mr Beju. You seem to be out of your mind.
There are people coming into India to work
from other countries - China, US, Europe and
many of them are liking the place as well.
People are finding the values of Indian
corporate houses a welcome change. Sure there
are hiccups as well (many due to cultural
differences) but then companies learn to
adapt. After US cos. even after 5 decades of
international operations are still learning.
Isn't it.
Purush replied to: Beju
post - 26 Jun, 2009
post - 26 Jun, 2009
13: I submit that Indian political and business
leaders have to learn how, where, and when to
speak. They may even have to learn how not to
speak from the Chinese, the Koreans, and the
Japanese. Just because we are fluent in
English we should not join a verbal battle.
Any speech (or non-speech) has an outcome. We
see in the US markets a flood of Chinese
goods, and Japanese and Korean technologies
while we do not hear their leaders speaking.
When Indians speak, they have to put it in
congenial words and effective actions that
benefit both countries. In place of speaking,
Indian leaders should look for actions in
concert with US professionals for favorable
outcomes. That is maturity in communications.
Posted by: Som Karamchetty, PHD - 26 Jun, 2009
14: The percentage of tax paid by a US engineer
and an India engineer are the same in US or
in India. Its not about being a bigot, the
jobs should not be decided on the basis of
nationality or skin color. It should always
be best man for the job, there would always
be a bias for local citizen which is
perfectly understandable.
But if you get a mediocre local citizen and a much brighter immigrant the choice should be obvious. Regardless of the nationality people who are legitimately staying in US pay there taxes so there is no favor done by the employer or the government to them. Let the people have the freedom to decide where they want to work if they are willing to abide by the rules of the soil.
But if you get a mediocre local citizen and a much brighter immigrant the choice should be obvious. Regardless of the nationality people who are legitimately staying in US pay there taxes so there is no favor done by the employer or the government to them. Let the people have the freedom to decide where they want to work if they are willing to abide by the rules of the soil.
Posted by: gaurav - 26 Jun, 2009
15: @ jake leone: This is not any offence to any
US citizen but the fact is that US citizens
are losing their jobs because of their own
companies(so called American Companies) but
not solely because of the Indian IT companies
hiring practices. Indian IT companies are
creating more jobs for US citizens as already
said by Mr. Sharma in the Article itself. The
another thing is that you should also ask
your Labour department to know how many
Americans have lost their job because of an
Indian techy and Indian IT companies hiring
practice.
Posted by: Roshok - 26 Jun, 2009
16: isn't this a bit overrated. As it is used to
be for SI. It is Obama or American's right to
say thing good for their country. Writing
positive things about India is good. But it
shouldn't be by projecting India as the most
advanced etc are totally abusive to many.
SI may be trying to catch eyes, but do nto overrate India on America.
IF America pass a law not to outsource, India is in big trouble. Entire Banglore will have to be shut down.
That is the reality. We have a shadow IT existence.
SI may be trying to catch eyes, but do nto overrate India on America.
IF America pass a law not to outsource, India is in big trouble. Entire Banglore will have to be shut down.
That is the reality. We have a shadow IT existence.
Posted by: Ithin - 26 Jun, 2009
17:Mr, you are under wrong perception... It is
true that If USA imposes such rule it will
affect to Indian IT industries but that does
not mean whole IT industry of india will
collapse.. All major Indian IT companies
have opened shops at all the countries other
than USA(and small componies are in process
).. more over rather than Indians its USA
clients they are worrying more (they will
have to pay huge)
Kuldeep Patil replied to: Ithin
post - 29 Jun, 2009
post - 29 Jun, 2009
18: Some things are best left unsaid. In this
respect, I think of Mr. P.V. Narasimha Rao,
our ex-P.M and the real harbinger of India's
liberalization (call him India's Deng Hsiao
Peng) with the greatest reverence. He just
gave that pouted look and opened and closed
his eyes a few times. Silence is golden.
Speech is silver.
In the medium to long term, capitalism runs on 'survival-of-the-fittest', comparitive advantage theory (Ricardo) and free market principles based on Adam Smith (Wealth Among Nations).
Relax, take a breath and do business as usual. Wait for better times by being on survival mode. The recession drives people into temporary paths..but the info superhighway is the union of all forces..there is no way of stopping the triumphant march, with or without open players. Openness = Competitiveness = Long Term growth and survival. Adjust hiring policies to become more inclusive and diverse. That strenghtens the base further..
In the medium to long term, capitalism runs on 'survival-of-the-fittest', comparitive advantage theory (Ricardo) and free market principles based on Adam Smith (Wealth Among Nations).
Relax, take a breath and do business as usual. Wait for better times by being on survival mode. The recession drives people into temporary paths..but the info superhighway is the union of all forces..there is no way of stopping the triumphant march, with or without open players. Openness = Competitiveness = Long Term growth and survival. Adjust hiring policies to become more inclusive and diverse. That strenghtens the base further..
Posted by: Mohandas - 26 Jun, 2009
19: The H-1b Visa was meant to be used only if a
U.S. citizen cannot be found for a job.
Unfortunately, Indian IT outsourcing
companies are using it to preferentially hire
only people from one country, India. These
Indian IT companies are not even trying to
find a U.S. citizen candidates for jobs on
U.S. soil, unless pressured by Congress.
This massive open discrimination against U.S. citizens must not be tolerated.
Any company that hires uses an L-1 or H-1b visa, before making a real effort to hire a U.S. citizen, for any job on U.S. soil, should be hauled into court to explain why they are practicing such brazen discrimination against American citizens.
No country can allow a monopolistic practice of undercutting other suppliers, artificially driving them out of business, hamstring the future growth of its industries.
The H-1b Visa is being used to remove millions of jobs from U.S. soil to India. The H-1b visa is referred to as the "Outsourcing" Visa, in the Indian government. The H-1b was not meant to be a Visa that facilitates the removal of jobs, yet that is exactly how it is being used by Indian IT companies.
This is a time when the U.S. and world, need every job possible to remain in the United States. Further job losses in the U.S. will just mean a deeper, foreclosure driven, banking crisis that will in turn cause misery all over the world.
The world will actually be a lot better off, if we stop allowing Indian IT companies to practice discriminatory hiring in the United States.
This massive open discrimination against U.S. citizens must not be tolerated.
Any company that hires uses an L-1 or H-1b visa, before making a real effort to hire a U.S. citizen, for any job on U.S. soil, should be hauled into court to explain why they are practicing such brazen discrimination against American citizens.
No country can allow a monopolistic practice of undercutting other suppliers, artificially driving them out of business, hamstring the future growth of its industries.
The H-1b Visa is being used to remove millions of jobs from U.S. soil to India. The H-1b visa is referred to as the "Outsourcing" Visa, in the Indian government. The H-1b was not meant to be a Visa that facilitates the removal of jobs, yet that is exactly how it is being used by Indian IT companies.
This is a time when the U.S. and world, need every job possible to remain in the United States. Further job losses in the U.S. will just mean a deeper, foreclosure driven, banking crisis that will in turn cause misery all over the world.
The world will actually be a lot better off, if we stop allowing Indian IT companies to practice discriminatory hiring in the United States.
Posted by: jake leone - 26 Jun, 2009
20:This is a world of globalization. There is no
discrimination. Indian are preferred because
they work hard comparatively. The world is
flat. Because of outsourcing its both the
American companies and the Indians are
benefitted and its not one side profit.
People need to understand that.
Nandakumar replied to: jake leone
post - 26 Jun, 2009
post - 26 Jun, 2009
21: Indians are preferred says it all. What you
should be saying is that hard-working people
should be preferred.
When Indian IT companies have U.S. workforces that are 90% Indian citizens, when there are jobs out there that are H-1b only. It is pretty obvious that Indians run what is know in the United States as a "Good Old Boys" network.
This network was used against minorities in the United States for a century after slavery.
I can tell you there are hard working people in every society, and the numbers are roughly proportional, to say one nationality is harder working than another, is bigotry. What India has over the United States is a low overhead environment. The U.S. has a huge public infrastructure that it needs to maintain, highways, military, all take a huge toll on U.S. salaries. Most U.S. engineers pay in taxes the equivalent of 3 Indian IT workers salary.
When the U.S. defaults, trade will stop, and million will become unemployed in India and the United States. So keeping U.S. employment up, is India'a and the United States best interest. U.S. national debt is primarily serviced by U.S. workers.
The profits will all go away when the U.S. defaults, and we are on the edge of that precipice right now.
When Indian IT companies have U.S. workforces that are 90% Indian citizens, when there are jobs out there that are H-1b only. It is pretty obvious that Indians run what is know in the United States as a "Good Old Boys" network.
This network was used against minorities in the United States for a century after slavery.
I can tell you there are hard working people in every society, and the numbers are roughly proportional, to say one nationality is harder working than another, is bigotry. What India has over the United States is a low overhead environment. The U.S. has a huge public infrastructure that it needs to maintain, highways, military, all take a huge toll on U.S. salaries. Most U.S. engineers pay in taxes the equivalent of 3 Indian IT workers salary.
When the U.S. defaults, trade will stop, and million will become unemployed in India and the United States. So keeping U.S. employment up, is India'a and the United States best interest. U.S. national debt is primarily serviced by U.S. workers.
The profits will all go away when the U.S. defaults, and we are on the edge of that precipice right now.
jake leone replied to: Nandakumar
post - 26 Jun, 2009
post - 26 Jun, 2009
22: jake, any country's citizen would always
support his or her own country in these kind
of emotional discussions. i completely agree
with you when i put myself in your shoes. but
when i place myself as a third party and go
through this discussion, i would have to
remind you to go through facts. in the last 2
yrs when most of the economies were
shrinking, India grew magnificiently. This
proves that it's economy is inherently strong
and self dependent.
Too much of anything is bad for health. Same is true for economy as well. When developing country citizens were saving and buying their daily needs, you guys were buying ultimate luxuries on credit like palatial houses, bentlys, yacht, private jets etc. Obviously, this was not sustainable.
Thirdly, even i am a NRI at gulf and i am indebted to this place as i am earning a tax free salary and i invest everything back in india but that's nt true for an indian in america. he pays taxes and invests there for his lifetime. house, children education, all necesseties of life etc. Hence, saying that indians ar not contributing to america's growth is not right. most of the institutions you take pride in as americans are sustainable today bcoz of indians including NASA, Microsoft, Health etc)
Hence, i don't think any developed country today can sustain exclusively without the the support of talent from India and China. Afterall, we have one third of world population. it should help somewhere.
chill
Too much of anything is bad for health. Same is true for economy as well. When developing country citizens were saving and buying their daily needs, you guys were buying ultimate luxuries on credit like palatial houses, bentlys, yacht, private jets etc. Obviously, this was not sustainable.
Thirdly, even i am a NRI at gulf and i am indebted to this place as i am earning a tax free salary and i invest everything back in india but that's nt true for an indian in america. he pays taxes and invests there for his lifetime. house, children education, all necesseties of life etc. Hence, saying that indians ar not contributing to america's growth is not right. most of the institutions you take pride in as americans are sustainable today bcoz of indians including NASA, Microsoft, Health etc)
Hence, i don't think any developed country today can sustain exclusively without the the support of talent from India and China. Afterall, we have one third of world population. it should help somewhere.
chill
George Varghese replied to: jake leone
post - 26 Jun, 2009
post - 26 Jun, 2009
23: The U.S. has the right to limit any Visa.
Every country does this. This doesn't have
anything to with trade, linking it to trade
is wrong, morally wrong.
It also isn't wrong to insist on fair hiring within one's borders. And to insist that companies open up their hiring process to include a good faith effort to hire local candidates.
But countries have the right to seek ways to optimize the contribution of immigrants, and that is what the debate is really about.
It is also clear that Indian IT companies are not hiring fairly in the U.S. market place, they have a bigoted preference for Indian citizens, and that kind of discrimination needs to eliminated promptly. We cannot allow companies to hire on the basis of nationality, just because people of that nationality will "always support his or her own country in these kind of emotional discussions." This violate fiduciary responsibilities that all employees have to their employer to hire openly and fairly.
Bigoted hiring practices of Indian IT outsourcing companies will hamstring U.S. business to have to work with one supplier, and that being India Inc.
But it is also clear, that if a person is here on a Visa, with the intent to just learn a job and then leave, they are actually taking more away from the United States than they are contributing, and that is a leakage which H-1b reformers in Congress are targeting.
Another factor is local candidates are better for the U.S. because they are more likely to remain in the United States. It is clear that many green card holders and H-1b visa holder are leaving the U.S. and not sticking it out with the rest of us. We need people who are committed to stay in the United States, not just take the best that the U.S. has to offer and then leave when thing aren't just right.
If forcing companies to open up the hiring process we make Visa usage more efficient, I am all for that. And the recent proposals in Congress, are just exactly that.
It also isn't wrong to insist on fair hiring within one's borders. And to insist that companies open up their hiring process to include a good faith effort to hire local candidates.
But countries have the right to seek ways to optimize the contribution of immigrants, and that is what the debate is really about.
It is also clear that Indian IT companies are not hiring fairly in the U.S. market place, they have a bigoted preference for Indian citizens, and that kind of discrimination needs to eliminated promptly. We cannot allow companies to hire on the basis of nationality, just because people of that nationality will "always support his or her own country in these kind of emotional discussions." This violate fiduciary responsibilities that all employees have to their employer to hire openly and fairly.
Bigoted hiring practices of Indian IT outsourcing companies will hamstring U.S. business to have to work with one supplier, and that being India Inc.
But it is also clear, that if a person is here on a Visa, with the intent to just learn a job and then leave, they are actually taking more away from the United States than they are contributing, and that is a leakage which H-1b reformers in Congress are targeting.
Another factor is local candidates are better for the U.S. because they are more likely to remain in the United States. It is clear that many green card holders and H-1b visa holder are leaving the U.S. and not sticking it out with the rest of us. We need people who are committed to stay in the United States, not just take the best that the U.S. has to offer and then leave when thing aren't just right.
If forcing companies to open up the hiring process we make Visa usage more efficient, I am all for that. And the recent proposals in Congress, are just exactly that.
jake leone replied to: George Varghese
post - 27 Jun, 2009
post - 27 Jun, 2009
24:Gov of US should send back all the IIT
candidates that they have consumed so far
since early 20th century? they were groomed
on Indian TAX money. we spend out tax money
to make intellgient brains and US sucks them.
Stop that cowardly practice first.
the current crisis is because of US. take moral responsibility and give up your UN seat. accept that US has been a rogue state all these years.
I am very disappointed that US people are rude enough to comment on other countries even after their destruction of the world economy. when we see what AIA, citibank, meryll, Jardine, Fannie and many more Sihts have done - it's blood that comes out of our eyes. It's grave crime what US has done. no government has taken hard measure agains this US. we should isolate US and punish them for their mistakes.
the current crisis is because of US. take moral responsibility and give up your UN seat. accept that US has been a rogue state all these years.
I am very disappointed that US people are rude enough to comment on other countries even after their destruction of the world economy. when we see what AIA, citibank, meryll, Jardine, Fannie and many more Sihts have done - it's blood that comes out of our eyes. It's grave crime what US has done. no government has taken hard measure agains this US. we should isolate US and punish them for their mistakes.
Alexander replied to: jake leone
post - 28 Jun, 2009
post - 28 Jun, 2009
25:This is a time when the U.S. and world, need
every job possible to remain in the United
States. Further job losses in the U.S. will
just mean a deeper, foreclosure driven,
banking crisis that will in turn cause misery
all over the world. - Posted by: jake
leone
Really! The "world" needs every possible job to remain in the United States? What version of the principle of Manifest Destiny, or American Exceptionalism is this?
Granted, it is in the US's self-interest to keep jobs in the country that are being nderbid by every Tom, Dick, and Harry country (not just India and China - Ireland is in the mix, and many others, including some in Africa) is under-bidding and over-delivering, and beating the pants off of US competition. Gone are the days when the US could rely on its technical and financial superiority and flex its muscle wherever and whenever it could.
Yet, I can "understand" a Jake Leone anda Barry Obama wanting to shore up the crumbling economy and disintegrating job situation. By all means adopt a "Swadeshi" movement. Mahatma Gandhi proposed it more than a hundred years ago.
But at the same time don't spoutpious platitudes about a "Global Economy", "Free Trade", "Efficient Markets", and "Unfettered Capitalism". Tone down the rhetoric. You can't afford it any longer.
By the way, thank you United States, for throwing the entire world economy into a turmoil. Thank you Greenspan, Bernanke, Pauslson, Rubin, Tim "the Tax Cheat" Geithner, and Larry "the Hedge Fund Hog" Summers.
If all the CEO's of the major banks and financial institutions are collected and sent on a one-way mission to Mars, it would be a good start.
Really! The "world" needs every possible job to remain in the United States? What version of the principle of Manifest Destiny, or American Exceptionalism is this?
Granted, it is in the US's self-interest to keep jobs in the country that are being nderbid by every Tom, Dick, and Harry country (not just India and China - Ireland is in the mix, and many others, including some in Africa) is under-bidding and over-delivering, and beating the pants off of US competition. Gone are the days when the US could rely on its technical and financial superiority and flex its muscle wherever and whenever it could.
Yet, I can "understand" a Jake Leone anda Barry Obama wanting to shore up the crumbling economy and disintegrating job situation. By all means adopt a "Swadeshi" movement. Mahatma Gandhi proposed it more than a hundred years ago.
But at the same time don't spoutpious platitudes about a "Global Economy", "Free Trade", "Efficient Markets", and "Unfettered Capitalism". Tone down the rhetoric. You can't afford it any longer.
By the way, thank you United States, for throwing the entire world economy into a turmoil. Thank you Greenspan, Bernanke, Pauslson, Rubin, Tim "the Tax Cheat" Geithner, and Larry "the Hedge Fund Hog" Summers.
If all the CEO's of the major banks and financial institutions are collected and sent on a one-way mission to Mars, it would be a good start.
Krishna replied to: jake leone
post - 26 Jun, 2009
post - 26 Jun, 2009
26:That is the truth. Just when will the
corporate moguls see this and return America
to the Americans...
barbara replied to: jake leone
post - 26 Jun, 2009
post - 26 Jun, 2009
27: Thus spoke the erstwhile colonist
Civilizations happen, things that go up come down and vice Versa, The Romans fell, The Greek fell, the Egyptians fell, in fact event the once great Indian civilization too has been down the drain trip.
Chillax, lay back and enjoy. Neither did the "Americans" own America then nor they do they own it now. You took it from the Natives, We'll take it from you and when a worthy suitor comes, they'll take it from us.
Humans have thrived on this cycle. You lose, Humanity Benefits... So Peace Out
Civilizations happen, things that go up come down and vice Versa, The Romans fell, The Greek fell, the Egyptians fell, in fact event the once great Indian civilization too has been down the drain trip.
Chillax, lay back and enjoy. Neither did the "Americans" own America then nor they do they own it now. You took it from the Natives, We'll take it from you and when a worthy suitor comes, they'll take it from us.
Humans have thrived on this cycle. You lose, Humanity Benefits... So Peace Out
Neo replied to: barbara
post - 26 Jun, 2009
post - 26 Jun, 2009
28: I'm happy there is at least one person who is
intelligent and can think straight. Humanity
still has a chance
pakalap replied to: Neo
post - 26 Jun, 2009
post - 26 Jun, 2009
29: In the process of civilizations coming and
going, a lot of people die (often by
starvation and disease). Darwin can't help
you the individual in this situation. That's
it buddy, when your dead, your dead. So why
worship that kind of change?
Harsh change often sets things back more than it drives them forward. Use you head and heart in this, not you mantra.
Harsh change often sets things back more than it drives them forward. Use you head and heart in this, not you mantra.
jchill replied to: Neo
post - 26 Jun, 2009
post - 26 Jun, 2009
30: Ofcourse Darwin can help "survival of the
fittest" buddy that mantra is true if you are
an individual, a corporation, a country or a
civilization, it doesn't matter how good you
are..what matters is are you better than the
guy you are competing with? if not....too bad
you are extinct. In short suck it up, take it
like a man and do your best, if you did not
succeed that means there is someone better
than you are. Mind you I'm not just talking
about talent and hard work...there are people
who reach high positions because they suckup
to their bosses..and that is a survival skill
too.
pakalap replied to: jchill
post - 26 Jun, 2009
post - 26 Jun, 2009
31: great job..and thanks Mr. Sharma..
India will be a ruling power of world economy in very near future…
its better if US understands this
India will be a ruling power of world economy in very near future…
its better if US understands this
Posted by: Deb kumar Mondal - 26 Jun, 2009
32: dear readers don't do any compariosion with
chinaa . they are draggons . then can deceive
us any time.
india should be careful always from china .history has proven that.
india should be careful always from china .history has proven that.
Posted by: rajesh sharma - 26 Jun, 2009
33: The Americans has to accept this reality,
that INDIA is the next super power, so they
are & they will dependant on us,& not
INDIA,so it's better for them to keep good
relationship with INDIA & stop all
nonsence business! It will only harm to them.
Posted by: vipul - 26 Jun, 2009
34:India is now fast growing than anyother
country in the world.USA should be friendly
with India.No county will not beat India.This
is the God country.
Chinnamareddy N replied to: vipul
post - 26 Jun, 2009
post - 26 Jun, 2009
35: Fantastic Mr Sharma. That's a big blow in the
face of the US. Hope they understand now that
their up heavle is on rented economy. So
they should be careful before giving ant
plight to their own citizens
Posted by: Dibyojyoti Baksi - 26 Jun, 2009
36: What you.. think when it comes to US you
protest.. and when it comes to INDIA you are
right.. why don\'t you think when any crisis
comes to INDIA.. INDIAN govt banned item for
export, levy heavy import duty and cut back
subsidy.. but now you are taking about
globalization..USA govt has all right to
think about their citizen and wellness.. and
ask INDIAN Govt to first look into their own
coats.
Posted by: none - 26 Jun, 2009
37:are u and indian or ?
first fixed this, then remark on any issue
first fixed this, then remark on any issue
indian replied to: none
post - 26 Jun, 2009
post - 26 Jun, 2009
38:First of all America wasnt built by Indians.
For India to claim that because American has
foolishly opened their workplace to India
that they own America and are responsible for
the growth of America is foolish. As a matter
of fact America is in trouble because of the
corporate sharks have saved money by
employing India and then have squandered the
savings into their own big pockets. That is
part of the demise of our country. As an
American I agree with none above. We have
opened our doors way too long and have taken
care of the world. When we are in trouble who
comes to our aid... Other countries as India
only want more from us. We are in trouble
partly due to our subsidizing everyone else.
You cannot squeeze blood out of a turnip but
that is what India and every other country
tries to do in the past and now even when we
are hurting. I wish our government would help
us at home instead of worrying what other
nations think of us and just stop pouring
money into everyone else. If our country is
strong others cannot come in and buy us out
which is what has happened. I wish our
leaders would see what most of us common
citizens see everyday in this country ... a
selling out. We are no longer America as our
land is no longer American owned but no one
seems to notice as long as they have money in
their pockets. Shame shame on us American
government and corporate America for what has
happened. We only have ourselves to blame.
But shame shame on other nations for their
greed and wanting more from us when we are
indeed bankrupt. Let us recover and rebuild.
Take care of yourselves and you wont need our
help either. Then you can say you are the
global leader. Feed your hungry.. until you
do you cannot claim to be globally superior.
India has sent people here made lots of money
and then returned home to invest American
dollars in India. What has India done for
America... Nothing.
teresa replied to: none
post - 26 Jun, 2009
post - 26 Jun, 2009
39: I agree with this partially. If you look at
the other way, I compare Indian in US are far
superior than the ones in India (atleast more
than 75%). So, really, US gained on the
talent part of it. There are still people
spending money in US apart from building a
house in India or invest it in India. It's a
different theory if you put yourself in an
Alien shoe. It's not intentional.
US has to recover by itself and I don't think there is any need for help from other countries. India and US have both their own issues. India has a huge issue with Poverty and US has this issue with Corporate corruption and Economy. See if we can mutually help each other rather than argue for Government related issues.
As a normal citizen, We do what we can to help both nations where ever we are. Then the rest is with the future.
US has to recover by itself and I don't think there is any need for help from other countries. India and US have both their own issues. India has a huge issue with Poverty and US has this issue with Corporate corruption and Economy. See if we can mutually help each other rather than argue for Government related issues.
As a normal citizen, We do what we can to help both nations where ever we are. Then the rest is with the future.
Ramasamy replied to: teresa
post - 26 Jun, 2009
post - 26 Jun, 2009
40:u bloody asol..u definately would be a desi
green card holder in the US...wat sharma told
is absolutely perfect..its coz of us wat US
had the revolution in IT industry..n now
Indian IT companies are the employement
providers in US..jus shut up ur crappy mouth
before speaking anythin bull shit...
secret replied to: none
post - 26 Jun, 2009
post - 26 Jun, 2009
41: What's that all about? Atleast get your
spellings correct. Your profanities filled
comment only shows what a twat you are.
Raj replied to: secret
post - 26 Jun, 2009
post - 26 Jun, 2009
42: Wah Sharma Sir, very nice reply.......
watt laga di President obama ki
watt laga di President obama ki
Posted by: Prem Wadhwa - 26 Jun, 2009
43: Its Absolutely True That America is depend on
India :)
India Is not so depend on them ... poor mind Rich Americans
India Is not so depend on them ... poor mind Rich Americans
Posted by: Ranjeet - 26 Jun, 2009
44: gud to see the reply from Mr. Anand.. well
said , need to show them that now they have
to follow with us, we need to be more
confident and bold in replying to
America.they should also feel the heat.
Posted by: rupesh soni - 26 Jun, 2009
45: Mr. Anand really you have drastically change
the scenario of vision of India globally. I
appreciate the stand you hv taken against the
Obama's protection policy. Your stand strong
and to represent India's contribution in U.S.
I hope Obama's mania globally is not fruitful
for any country except U.S. itself. You
statement is prima facie evidence towards
contribution of India in creation of huge
jobs.
Posted by: Sanjay tiwari - 26 Jun, 2009
46: yes anand is all correct we must nw take a
toll for ourselves.it's us who are one of the
major cause for the global fraternity of
united states.it's now our turn to roll the
ball in our own court for the establishment
of the new era for our own motherland.
thanx anand for ypur efforts....
thanx anand for ypur efforts....
Posted by: divyanshu - 26 Jun, 2009
47: Anand Sharma is 100% right. In the days of
recession Mr.Obama must give thought to more
important things rather than looking at out
sourcing. The fact is USA is unable to take a
hard stand against country like North Korea
who inspite of all threats have gone ahead on
its nuclear policy and evan made open
statement to wipe out USA from the World Map.
Mr.Obama must spend all his energies to into
such matters. Outsourcing ro no outsourcing
to India, India will progress ahead.
Posted by: nanda - 26 Jun, 2009
48: It's really heartening to see our Country's
Leaders (Political and Business) taking the
initiative, because Obama needs to be
reprimanded for his stupid and dirty
policies. We, Indians had high expectations
from Obama after he came into power. But he
like all other US Presidents has failed all
of us(Indians) miserably. It's good that our
leaders have started talking at last.
Posted by: Handsome - 26 Jun, 2009
49: Globalization cannot be stopped, no matter
what. Obamas policies can make little
differences and Anand statement too. Its best
to wait and watch and have fun. Obama cant
stop globalization.
Posted by: Avinash - 25 Jun, 2009
50:well said. Lets wait and watch
Parveez replied to: Avinash
post - 26 Jun, 2009
post - 26 Jun, 2009
51: What about commenting on our country which
has imposed "Safeguard Duty" on imports of
commodities from China. So every country has
to safeguard its interests. It cannot be a
one-way traffic.
Posted by: sheshadri - 25 Jun, 2009
52:Its ok. But here we must prove our point that
more loss to US than INDIA.
Piyush replied to: sheshadri
post - 25 Jun, 2009
post - 25 Jun, 2009
53: China need that only. They sell drugs by
putting made in INDIA.
Mak replied to: Piyush
post - 26 Jun, 2009
post - 26 Jun, 2009
54: While the reasoning from our Minister is in
the right spirit and is in line with US'
avowed idea of free enterprise, we must also
keep in mind the economic crisis that has
blown them in the face.Such protectionist
measures are redemptive measures. US must be
given some time to recoup, when in true
spirit of Free Enterpriise, they will get
back to non-protectionism. That would only be
a fair deal.
Posted by: MAHADEVA .S. SARMA - 25 Jun, 2009
55: It's great our cabinet is also thinking of it
in india
Posted by: rajesh - 25 Jun, 2009
56: Finally someone from the Cabinet spoke about
this issue. I belive Mr Anand has given a
very appropriate answer.
Posted by: Vijay - 25 Jun, 2009
57:Yup I also feel the same, At last someone has
backed India with an apt answer.
Srikanth replied to: Vijay
post - 25 Jun, 2009
post - 25 Jun, 2009
58: If american companies wants to make profits
and wants to remain as BIG DADDY, there is no
other go other than outsourcing.
Chaitanya Deshpande replied to: Srikanth
post - 26 Jun, 2009
post - 26 Jun, 2009
59: Now we are looking different form of congress
& its policy.
it is vry good for india.
Now our gov having full freedom to work in constuctive manner & implement ideas & polices which couldn't done during last govment only becoz of communist fellow.
All the best to manmohan singh
Whole country watching you. change india, india will change world.
it is vry good for india.
Now our gov having full freedom to work in constuctive manner & implement ideas & polices which couldn't done during last govment only becoz of communist fellow.
All the best to manmohan singh
Whole country watching you. change india, india will change world.
vinod singh replied to: Chaitanya Deshpande
post - 26 Jun, 2009
post - 26 Jun, 2009
60: yes, now congress has full potential to make
a dream India wat abdul kalam had dreamt
abt..especially team Manmohan is simply
superb with all the gr8 knowledgable/capable
icons in his cabinet..well done our dear
PM..you hav full support from us..make India
as a super power...
raghav replied to: vinod singh
post - 26 Jun, 2009
post - 26 Jun, 2009
61: thank you DR.manmohan singh.thank you for
makeing india the most sucessecful reason
globally.thanks to mr. anand sharma
when the economy was booming was INDIA not the reason for it?
keep it up
GOd bless
when the economy was booming was INDIA not the reason for it?
keep it up
GOd bless
shippu replied to: vinod singh
post - 26 Jun, 2009
post - 26 Jun, 2009
62:Its a globalized world now.. but majority of
the indian IT companies are misusing H1 and
L1 visas that should be stopped.Stopping
outsourcing is impossible but the companies
those who have outsource their jobs has to
pay tax its like a illegal practice am sure
india has got lot of talent but if
outsourcing is topped india is in deep
trouble especially bangalore have to face
serious consequences.
arun replied to: shippu
post - 26 Jun, 2009
post - 26 Jun, 2009
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