Why silicon valley eagerly looking at India elections

1 pointssGrabber11y ago2 comments

Wondering if India is an important economy to make global impact. Why everyone in Silicon valley is eagerly waiting for elections in India.

Is it going to impact the global economy or Enterprenurial ventures or IT industry. What is it going to impact the most?

2 comments

known11y ago

India has been developing due to FDI/FII/QIP/NRI/PIO investments ($120 billion/yr). Otherwise India follows the "Sheep Herd" mentality. The whole country's economy is based on people getting into "Profitable" domains mostly following the success of a pioneer in the field. The most recent example of this ideology is the "Business Process Outsourcing" industry. New BPO units are propping up here and there at a dime a dozen leading to a quality deterioration in the final deliverable. This process will continue till a saturation level is reached and then they will wait till another "Killer" domain picks up momentum. Till then India will be in a so called "Calm Period" where nothing great and major takes place.

sGrabberOP11y ago

Is it? Who doesnt want to get into profitable domain. 99% of the people want to make money and there is nothing wrong in it. From what I read BPO days are gone, people are moving away from it. You need to look at some more stats before saying its only external investment running such a large economy. Truth could be different, we need to be there to figure that out.

My question still remains unanswered why people are following Indian elections. Is it India following sheep herd mentality or it has become important economy for others to watch

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