The Smart Techie was renamed Siliconindia India Edition starting Feb 2012 to continue the nearly two decade track record of excellence of our US edition.
February - 2007 - issue > Guru Speak
Moving forward with confidence
Poornima Shenoy
Augusto Lopez-Claros, Chief Economist and Head of the World Economic Forum’s Global Competitiveness Network suggests that based on available evidence, the Indian economy may have entered a high growth plateau and the challenge for the authorities will be to ensure that this process is sustained. The potential factors for economic growth are human capital, large domestic markets and being the hub of design services. India ranks high globally on all these factors.
India improved its position by two places in the World Economic Forum’s Global Competitiveness Index (GCI) rankings for 2006-07 coming in 43rd, well ahead of Brazil (66), China (54) and Russia (62).
According to BRIC Report, India has the potential to show the fastest growth over the next 30 and 50 years. Growth could be higher than five percent over the next 30 years and close to five percent as late as 2050 if development proceeds successfully.
With this background, the Indian semiconductor industry moves into 2007 with hope, expectations and confidence.
A little over 30 years ago, India kick-started its first semiconductor related operations at Bharat Electronics and in 1985 Texas Instruments became the first multinational to open its offices in India. Co-incidentally both chose Bangalore in Southern India to commence their operations thereby opening the floodgates for this little town to become a bustling metropolis and a principal mover in the intellectual world.
India improved its position by two places in the World Economic Forum’s Global Competitiveness Index (GCI) rankings for 2006-07 coming in 43rd, well ahead of Brazil (66), China (54) and Russia (62).
According to BRIC Report, India has the potential to show the fastest growth over the next 30 and 50 years. Growth could be higher than five percent over the next 30 years and close to five percent as late as 2050 if development proceeds successfully.
With this background, the Indian semiconductor industry moves into 2007 with hope, expectations and confidence.
A little over 30 years ago, India kick-started its first semiconductor related operations at Bharat Electronics and in 1985 Texas Instruments became the first multinational to open its offices in India. Co-incidentally both chose Bangalore in Southern India to commence their operations thereby opening the floodgates for this little town to become a bustling metropolis and a principal mover in the intellectual world.
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