| While the rest of the countries profiled in this book are in the top 25 nations for competitiveness, India represents the developing world with a competitiveness ranking of 41 in the 2001 World Competitiveness Overall Scoreboard (see Table 17-1). Table 17-1. India Compared with Other Developed Countries by Competitiveness Ranking | | I NDIA | U.S. | I RELAND | S WEDEN | G ERMANY | I SRAEL | T AIWAN | U.K. | F RANCE | | Rank | 41 | 1 | 7 | 8 | 12 | 16 | 18 | 19 | 25 | | Score | 40.4 | 100 | 79.2 | 77.9 | 74.0 | 67.9 | 64.8 | 64.8 | 59.6 | | Source: Stephane Garelli, The World Competitiveness Yearbook 2001 , IMD, 2001. | With the problems of poverty and underdeveloped infrastructure, the status of "developing nation" can bring with it the advantage of a thirst for prosperity based in deep-rooted values of hard work and reverence for knowledge, a particularly valuable characteristic for the Indian people in the global Innovation Economy. Table 17-2. Facts at a Glance ” India | P OLITICAL S YSTEM | | Official name | Republic of India | | Government | Democratic, parliamentary (executive, legislative, and judiciary branches) | | Political system | Republic with federal structure (25 states and 7 union territories ) | | G EOGRAPHIES | | Land area | 3.29 million sq km | | Languages | Multilingual, Hindi spoken by largest percentage (38%) and English the preferred business language | | International airports | New Delhi, Mumbai, Chennai, Calcutta, and Thiruvananthapuram | | GDP ranking | India ranked 4th globally in 2000 with $1,797,746 million | | GDP per capita | 136th in 2000 with $1,773 million | | I NDIAN IT I NDUSTRY | | 1999 “2000 revenues | $8.67 billion | | 1999 “2000 growth rate | 50% (relative to revenues of $6.05 billion, 1998 “1999) | | 1995 “2000 compounded annual growth rate | 42.4% (double the rate of most developed countries) | | 1999 “2000 IT spending (% of GDP) | 1.68% | | 2008 projected IT spending | 3% of GDP | | IT S ECTORS | | 1999 “2000 software contribution to total IT revenues | Over 65% | | 1999 “2000 IT employment | Over 200,000 workers | | 1999 “2000 software growth rate | 53% (revenues at $5,053 million) | | Annual manufacturing growth rate | 30% to 35% over past decade | | 1999 “2000 peripherals growth rate | 38% (revenues at $462 million) | | 1999 “2000 IT training growth rate | 37% (revenues at $400 million) | | PC penetration Internet subscribers | 5 PCs per 1,000 people (as of December 31, 2000) 5.5 million (as of December 31, 2000) | | P OVERTY E STIMATES | | People living below poverty line | 350 “400 million (75% of these in rural areas) | | Sources: Census of India 2001 , www.censusindia.net ; NASSCOM , www.nasscom.org/it_industry/indic_statistics.asp ; " India ” A Country Study , " The Library of Congress, lcweb2.loc.gov/frd/cs/intoc.html. | |
