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Tuesday, December 30, 2008 at 1:45 AM
1:45AM

The recession reaches India

DateTuesday, December 30, 2008 at 1:45AM

BUSINESS DAY: "Recession Trickles to India: Echoing Clients' Woes, Outsourcing Firms Are Scaling Back," by Jeremy Kahn, New York Times, 4 December 2008.

The killer point from a local Indian head of a Gartner unit:

Historically, when it comes to innovation, Indian companies are relatively weak compared to the I.B.M.s and Accentures of the world. It has been their chronic Achilles' heel.

So the "rise of the rest" hardly means the West becomes irrelevant in terms of generating global economic growth--anything but.

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