| Topic : The role and importance of IT in the supply chain |
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Source : http://knowledge.wharton.upenn.edu
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8 comments
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last activity : 07 06 2010 20:18:04 +0000
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The prime driver behind India's good performance in the global markets is the opening up of markets. Globalization is leading to knowledge-sharing as well as giving platform for future interaction. The strong inflow and outflow of business is making technological advances possible.
I think India is doing better in the present situation. Technology has changed the world. Though there are obstacles to surmount in India, I think that companies see huge growth potential in sectors such as manufacturing, pharmaceuticals and high-technology.
At first glance, 21st century India represents a highly attractive marketplace for Western companies looking to expand their global sales.
Yes, it's true that the country's population of 1.1 billion is still largely rural, and the Asian Development Bank has reported that about 35 percent of Indians currently live on less than $1 a day. But the nation's $785 billion economy is growing at around 9 percent annually and per capita income has risen to about $3,400 a year. More importantly, India boasts an educated middle class that already numbers some 300 million — or as large as the entire U.S. population. This growing class of consumers is experiencing rising incomes and is expected to drive a doubling of retail sales in the country within the next decade, by some estimates.
Skill Sets Improving
That's the good news. The bad news is that companies looking to establish local supply chains to service the Indian market are likely to encounter a number of significant people, process, infrastructure and technology challenges.
Infrastructure Ripe for Investment
The infrastructure within the country can also present a challenge. But work on it has already been started and outcomes can already be seen...
Global trends may also favor India as more companies in the U.S., Japan and Europe outsource manufacturing to keep down costs. Besides auto parts, telecom equipment and pharmaceuticals, India has the potential to be competitive in such skill-intensive industries as fabricated metal products, high-end chemicals, consumer electronics and computer hardware.
India's services sector may be red hot, but the same can't be said for its manufacturing. Hampered by poor infrastructure, bureaucratic red tape and restrictive labor laws, it has failed to make its presence felt globally.
Between 1990 and 2005, industry's contribution to the economy remained more or less stagnant, crawling from 25% to 27%. Over the same period, the share of services ballooned from 37% to 52%. According to experts from the Boston Consulting Group, in 2005 India's manufacturing exports were 6% of GDP ($37 billion) compared to 35% for China ($712 billion).
At least for the time being i can say India is having everything positive on their side.But give the challenges if some thing constructive is not done, then it wont take time for success to change to failure...
I think India is doing better in the present situation. Technology has changed the world. Though there are obstacles to surmount in India, I think that companies see huge growth potential in sectors such as manufacturing, pharmaceuticals and high-technology.
At first glance, 21st century India represents a highly attractive marketplace for Western companies looking to expand their global sales.
Yes, it's true that the country's population of 1.1 billion is still largely rural, and the Asian Development Bank has reported that about 35 percent of Indians currently live on less than $1 a day. But the nation's $785 billion economy is growing at around 9 percent annually and per capita income has risen to about $3,400 a year. More importantly, India boasts an educated middle class that already numbers some 300 million — or as large as the entire U.S. population. This growing class of consumers is experiencing rising incomes and is expected to drive a doubling of retail sales in the country within the next decade, by some estimates.
Skill Sets Improving
That's the good news. The bad news is that companies looking to establish local supply chains to service the Indian market are likely to encounter a number of significant people, process, infrastructure and technology challenges.
Infrastructure Ripe for Investment
The infrastructure within the country can also present a challenge. But work on it has already been started and outcomes can already be seen...
Global trends may also favor India as more companies in the U.S., Japan and Europe outsource manufacturing to keep down costs. Besides auto parts, telecom equipment and pharmaceuticals, India has the potential to be competitive in such skill-intensive industries as fabricated metal products, high-end chemicals, consumer electronics and computer hardware.
India's services sector may be red hot, but the same can't be said for its manufacturing. Hampered by poor infrastructure, bureaucratic red tape and restrictive labor laws, it has failed to make its presence felt globally.
Between 1990 and 2005, industry's contribution to the economy remained more or less stagnant, crawling from 25% to 27%. Over the same period, the share of services ballooned from 37% to 52%. According to experts from the Boston Consulting Group, in 2005 India's manufacturing exports were 6% of GDP ($37 billion) compared to 35% for China ($712 billion).
At least for the time being i can say India is having everything positive on their side.But give the challenges if some thing constructive is not done, then it wont take time for success to change to failure...
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7 comments on "India in the Global Supply Chain: Can Domestic Demand and Technology Skills Help It Catch Up?"
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Commented by
Darpan Sinha, Solution Architect, Fujitsu Consulting India Pvt Ltd
| 10 23 2008 08:54:42 +0000
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varsha mishra, Analytical Chemistry Manager, rfrac
| 10 23 2008 05:12:19 +0000
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Mallikarjuna Gupta Bhogavalli, Sr. Product Manager, Oracle India Pvt Ltd
| 10 08 2008 11:23:45 +0000
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Sourav Chatterjee, IT Engineer- CMC Limited-ATata Enterprise
| 07 24 2008 22:29:13 +0000
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Hardik Patel, Team Lead (Staffing and Recruitment), Rishabh Softwares Pvt. Ltd. / Rishi Infotech Pvt. Ltd
| 07 24 2008 12:08:26 +0000
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Commented by
Hardik Patel, Team Lead (Staffing and Recruitment), Rishabh Softwares Pvt. Ltd. / Rishi Infotech Pvt. Ltd
| 07 23 2008 11:39:20 +0000
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Hardik Patel, Team Lead (Staffing and Recruitment), Rishabh Softwares Pvt. Ltd. / Rishi Infotech Pvt. Ltd
| 07 22 2008 14:35:13 +0000
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Rating : +1
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