Assuring a 'vibrant and promising India' that it has a natural friend in the US, President Barack Obama has greeted people of India on the country's 63rd Independence Day.
'This vibrant and promising India has a natural friend in the United States,' Obama said in a message personally signed by him.
'Our people are bound by common values and ideals, and Indian-Americans contribute to all aspects of American life.
'India has attained unprecedented milestones as its democracy has matured.
'Boasting a vast diversity of ethnicities and languages, India constitutes the largest democratic union the world has ever known,' he said.
In an unusually long message, Obama noted that the fate of the two countries was tied by the interconnected nature of the world and a shared vision of peace, prosperity and respect for human rights.
Highly impressed by its economic growth, Obama said economically India was forging a new path. Fulfilling the promise of internationally competitive institutes of higher education, Indian professionals are leading their nation into a new phase of growth.
'From Bangalore to Boston; Indian scientists, engineers and thinkers are generating ideas and prosperity that improve and save lives across India and the globe,' Obama said.
The message to the Indian government starts with a reference to the first Indian Prime Minister Jawaharlal Nehru's historic 'tryst with destiny', speech.
'As Indians stood ready to claim their own fate on Aug 15, 1947, Prime Minister Nehru declared that a 'tryst with destiny', forged years ago, would finally be fulfilled,' he said.
He also mentioned the 1857 war of independence, the freedom movement under Mahatma Gandhi and the country's all-round development after independence, be it economy, science or polity.
The president said, 'Indian politics have given voice to women and countless minorities, and have demonstrated that Indians stand unifies in their commitment to human dignity.'
Obama said he was also impressed by the country's entertainment industry as its members were marking their presence globally.
'Bollywood and Hollywood, Indians contribute to films that captivate audiences in every corner of the world,' he said, adding that millions were being lifted out of poverty and were carrying the hope for a bright future as the Indian economy continued along a promising road.
'Marking Indian Independence Day, the United States and its people celebrate the realisation of the vision of Prime Minister Nehru described and the bright future it continues to portend for the people of India,' Obama said
Showing posts with label Barack obama. Show all posts
Showing posts with label Barack obama. Show all posts
Saturday, August 15, 2009
Sunday, August 9, 2009
Impact on India After Barack Obama
Impact on business and outsourcing industry of India
Kudos to the new president of US , Barack Obama, of Democratic Party, for his outstanding victory in presidential elections over John McCain of Republican Party. This race for presidency is stated to be the largest ever media focused election. It also saw some very dramatic ups and downs and even withdrawal of candidature much talked barrister of US and Hillary Clinton the wife of Bill Clinton, the ex-president of US.
Much have been written and talked in every sphere of business and political bureau that the new election will have good and bad impacts on the India. Outsourcing industry of India is in panic since , the statements of Obama have had been twisted by media and intellectuals in such a manner that a havoc got created that outsourcing work to India will be curtailed.
The negative sentiment of such interpretation has also impacted the stocks of TCS, Wipro etc especially when due to meltdown of US economy, entire worlds economy was shattered and Indian stock exchanges were no exception to it.
On careful study of all the speeches so far given by Obama, nothing specific has been found which can conclude that outsourcing industry will have to see dark moon.
Rather, Obama has stated in his statements that India and China are going to boost the economy of USA. If this single statement is analysed then it means there will be growth in mutual business relationships between India and USA . If such is the statement of Obama where he is considering India amongst one of economy partners , then an imagination of grey days for outsourcing sector of India is not sustainable .
This all started with the speech of Obama that had two statements
“US tech firms have thousands of jobs, but not enough talent at home” “tax sops will not be given to companies that outsource work out of the country”
But at the same , he has openly given a statement
"I will start giving them (tax breaks) to companies that create good jobs right here in America"
So going by the employment factor being generated by Indian companies in US, there seems that the worry of outsourcing industry is useless. At the most , worst to worst , the companies which are not creating employment for US citizens may face the mar of any policy if made against outsourcing companies.
The compulsion of US to outsource work is also an admitted fact by Obama by the remark that "………..,but not enough talent at home” . Hence, to carry out growth , the US companies will be requiring talents as talents are not there in US. The above fact is also substantiated by the recent statement to press by IT tycoon and Microsoft founder Bill Gates that “
“Recently , I was introduced with five best talented person of Microsoft and Four were Asians “
So, the compulsion of US should be rather a matter of growth for Indian Outsourcing Industry. As told to PTI, NASSCOM President Som Mittal has stated that "We are not sure whether he had meant outsourcing in the software sector or the manufacturing sector. But I don't think the software exports will be affected or slow down...
At the same, it should be noted that Indian major outsourcing companies, say Infosys, TCS and Wipro, have major revenue to the tune of 70 % coming from US. This was the reason that the Indian software and services exports segment grew by 29 per cent in F.Y 2007-08 than what it had in F.Y 2006-07.
In overall scenario and going by the given circumstances, US cannot afford not to outsource work to India and if stops then in that case, from where it will generate the talents to cater the needs of its industry which requires talent for growth. Even, if Obama had in his mind to check outsourcing to India , he will have to revisit his views after knowing the naked truth of over dependency of US companies over India for outsourcing in IT sector.
On the contrary , Indian Healthcare and Pharma companies have every reason to cheer over the victory of Obama in US as he has pledged to strengthen global fund. This fact has been attested by Bill Gates who on 4th November 2008 was in India and reacting to Obama has said to have stated that his win will help strengthening the global health fund and improve healthcare in India and abroad as well.
As regards to other industries, be it power sector also, the impact will not be negative after the new governance in US
Kudos to the new president of US , Barack Obama, of Democratic Party, for his outstanding victory in presidential elections over John McCain of Republican Party. This race for presidency is stated to be the largest ever media focused election. It also saw some very dramatic ups and downs and even withdrawal of candidature much talked barrister of US and Hillary Clinton the wife of Bill Clinton, the ex-president of US.
Much have been written and talked in every sphere of business and political bureau that the new election will have good and bad impacts on the India. Outsourcing industry of India is in panic since , the statements of Obama have had been twisted by media and intellectuals in such a manner that a havoc got created that outsourcing work to India will be curtailed.
The negative sentiment of such interpretation has also impacted the stocks of TCS, Wipro etc especially when due to meltdown of US economy, entire worlds economy was shattered and Indian stock exchanges were no exception to it.
On careful study of all the speeches so far given by Obama, nothing specific has been found which can conclude that outsourcing industry will have to see dark moon.
Rather, Obama has stated in his statements that India and China are going to boost the economy of USA. If this single statement is analysed then it means there will be growth in mutual business relationships between India and USA . If such is the statement of Obama where he is considering India amongst one of economy partners , then an imagination of grey days for outsourcing sector of India is not sustainable .
This all started with the speech of Obama that had two statements
“US tech firms have thousands of jobs, but not enough talent at home” “tax sops will not be given to companies that outsource work out of the country”
But at the same , he has openly given a statement
"I will start giving them (tax breaks) to companies that create good jobs right here in America"
So going by the employment factor being generated by Indian companies in US, there seems that the worry of outsourcing industry is useless. At the most , worst to worst , the companies which are not creating employment for US citizens may face the mar of any policy if made against outsourcing companies.
The compulsion of US to outsource work is also an admitted fact by Obama by the remark that "………..,but not enough talent at home” . Hence, to carry out growth , the US companies will be requiring talents as talents are not there in US. The above fact is also substantiated by the recent statement to press by IT tycoon and Microsoft founder Bill Gates that “
“Recently , I was introduced with five best talented person of Microsoft and Four were Asians “
So, the compulsion of US should be rather a matter of growth for Indian Outsourcing Industry. As told to PTI, NASSCOM President Som Mittal has stated that "We are not sure whether he had meant outsourcing in the software sector or the manufacturing sector. But I don't think the software exports will be affected or slow down...
At the same, it should be noted that Indian major outsourcing companies, say Infosys, TCS and Wipro, have major revenue to the tune of 70 % coming from US. This was the reason that the Indian software and services exports segment grew by 29 per cent in F.Y 2007-08 than what it had in F.Y 2006-07.
In overall scenario and going by the given circumstances, US cannot afford not to outsource work to India and if stops then in that case, from where it will generate the talents to cater the needs of its industry which requires talent for growth. Even, if Obama had in his mind to check outsourcing to India , he will have to revisit his views after knowing the naked truth of over dependency of US companies over India for outsourcing in IT sector.
On the contrary , Indian Healthcare and Pharma companies have every reason to cheer over the victory of Obama in US as he has pledged to strengthen global fund. This fact has been attested by Bill Gates who on 4th November 2008 was in India and reacting to Obama has said to have stated that his win will help strengthening the global health fund and improve healthcare in India and abroad as well.
As regards to other industries, be it power sector also, the impact will not be negative after the new governance in US
Saturday, August 1, 2009
Despite Obama gestures Muslims still distrust US:
Distrust still lingers among a majority of Muslim nations over US foreign policy and rabid anti-Americanism persists despite recent overtures by President Barack Obama, a new survey has indicated.
Obamamania, may be sweeping the rest of the world, but it is not touching the bulk of the Muslim nations, a survey by Washington-based Pew Foundation of 24 countries and the Palestinian region has revealed.
"Large numbers continue to consider the US an enemy, including big majorities in Pakistan (64 per cent) and the Palestinian territories (77 per cent)," the report said.
"In predominantly Muslim nations, widespread concerns about American policy and American power linger, and while Obama is certainly viewed more favorably than his predecessor, his popularity has translated into only modest improvements in America's overall image, and in some cases, no change at all," the Pew Foundation said in its report.
Fewer than 30 per cent of those surveyed express a favourable view of the US, all of which are overwhelmingly Muslim: Egypt, Jordan, Pakistan, the Palestinian territories and Turkey.
Many Muslims saw hidden motives in President George Bush's war on terror, such as protecting Israel, controlling Middle Eastern oil, and targeting unfriendly Muslim nations.
Obama's ratings in Western Europe which include France and Germany are very high. There has been a surge in ratings in Latin America, Africa, and much of Asia.
Obamamania, may be sweeping the rest of the world, but it is not touching the bulk of the Muslim nations, a survey by Washington-based Pew Foundation of 24 countries and the Palestinian region has revealed.
"In predominantly Muslim nations, widespread concerns about American policy and American power linger, and while Obama is certainly viewed more favorably than his predecessor, his popularity has translated into only modest improvements in America's overall image, and in some cases, no change at all," the Pew Foundation said in its report.
Fewer than 30 per cent of those surveyed express a favourable view of the US, all of which are overwhelmingly Muslim: Egypt, Jordan, Pakistan, the Palestinian territories and Turkey.
Many Muslims saw hidden motives in President George Bush's war on terror, such as protecting Israel, controlling Middle Eastern oil, and targeting unfriendly Muslim nations.
Obama's ratings in Western Europe which include France and Germany are very high. There has been a surge in ratings in Latin America, Africa, and much of Asia.
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