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Ten remarkable infrastructure developments in India
31 Jul, 2013

For any country, its infrastructure is a matter of pride. From roadways, railways to airports and other smart-city initiatives, the last few years have witnessed a phenomenal change in the sector, leading to world-class facilities coming up across various parts in the country.

We take a look at ten remarkable infrastructure-related developments and projects that have come up in India, in the past few years:


1st, Dubbed an engineering marvel, the first phase of Mumbai's Eastern Freeway from Orange gate to Panjarpol opened to the public in June 2013 while the second and last phase from Panjarpol to Ghatkopar expected to be thrown open in July.

Over 25,000 vehicles are expected to take the freeway daily. The Eastern Freeway elevated road will be the longest such in an urban area in the country. The bridge will have 313 pillars and 3,340 segments.

The 17-km freeway is divided in three parts: the 9.29-km elevated road, the 4.3-km road-tunnel-flyover and an elevated 2.5-km flyover from Panjarpol till the Mankhurd-Ghatkopar Link Road (MGLR) via Govandi. The eastern freeway is Mumbai's most ambitious and much awaited project in terms of traffic decongestion as the road is expected to decongest entire eastern road corridor of the city.

2nd, Indore's BRTS - Built on the pattern of Ahmedabad BRTS, The BRTS road route built at a cost of Rs 135 crore. City travellers have a bus frequency of 15 minutes at every specific point. The BRTS consists of physically separated bus lanes and enclosed 'metro-like' stations.

The proposed bus corridor will eventually cover a distance of 120.46 kms. The fare collection system will include smart cards.

In 2012, The UN chose Ahmedabad's BRTS as a showcase project to highlight that addressing climate change is not a burden, but an opportunity to improve the lives of people. Example of planned commuting system The Ahmedabad BRTS, which began as pilot project on a 12.5 kilometre stretch in July 2009, has emerged as an example of how a planned commuting system can help reduce emissions and improve air quality as well as have a positive impact on urban development.


3rd, Double-decker trains
Its been some years since India's first superfast double-decker train was flagged off, but the railways has been introducing them on many routes. The much-awaited air-conditoned double decker express train between Chennai and Bangalore started its run from April 25 2013 augmenting seat availability in the high-demand route.

Every coach has seats in two decks with food trays attached at the back of each seat. Every row is provided with bottle holders, push back seats, windscreens and also charging socket. Kapurthala RCF is the only railway factory in the country which manufactures double decker AC coaches.

Indian Railway rolls out first AC Double-Decker Train | The Tour Planner's Blog


4th, India's first solar park at Charanka village in Gujarat, Gujarat accounts for 66% of India's total solar power. The country's first Solar Park came up at Charanka village in Gujarat in April 2012. The park at Charanka, spread across 5,000 acres, has 500 MW of generation capacity of both solar and wind energy.

Solar project developers like Alex Astral, US-based Sun Edison, Lanco Solar, Roha Dyechem and GMR Gujarat Solar Power have set up plants in the park. While 214 MW of grid connected solar power was commissioned at Charanka by 17 national and international companies, 10 solar plants having combined generation capacity of 87.49 MW have gone on stream in Surendranagar, 8 in Kutch (85 MW) and three each in Banaskantha (55.20 MW) and Rajkot (25MW), amongst others.

In addition to solar energy, the park also manufactures solar power plant panels and other related equipment. It also provides training to local people of Gujarat to work at solar parks.

Rajiv Kumar Gupta - Solar Cities Emerge in India | Future Cities


5th, Yamuna Expressway: The 165kmlong Yamuna expressway is one of the longest access-controlled six-lane rigid pavements in India. With the help of Yamuna Expressway, the rapidtransit corridor between Delhi and Agra, the drive from Greater Noida to Agra takes just 90 minutes.

On the 165 km Greater Noida-Agra expressway, the maximum speed limit is 100 kmph for cars and 60 km for heavier vehicles. The Yamuna Expressway, besides connecting Delhi to Agra through Noida-Greater Noida Expressway, touches 1,182 villages of Gautam Budh Nagar, Bulandshahar , Aligarh, Hathras (Mahamaya Nagar) and Mathura district.

The expressway provides a safe and an uninterrupted movement of passenger and freight traffic between the nation capital Delhi and Agra.

Groffr.com Blog » yamuna expressway

Yamuna Expressway - Basic Information, Greater Noida


6th, Banihal-Qazigund rail link through India's longest railway tunnel, An 11-km-long tunnel across the treacherous Pir Panjal mountain range on the Banihal-Qazigund railway line in Jammu and Kashmir, is the longest such transportation passage in India and second longest in Asia. The 18-km long Banihal-Qazigund section of the ambitious mountain railway, connecting Kashmir Valley with Jammu region, was inaugurated on June 26.

The railway line, which connects Kashmir Valley with Jammu region, will considerably reduce the travel time between the two places. The distance between Banihal and Qazigund, which is also one of the most treacherous stretches in the entire Kashmir rail network project, will reduce from 35 km by road to 17.5 km on train.

The tunnel is totally water proof and equipped with a fire fighting system across the entire length of the tunnel. The tunnel passes approximately 440 metres below the existing Jawahar Road Tunnel.

India's longest railway tunnel through Pir Panjal mountain range - Banihal-Qazigund rail link through India's longest railway tunnel | The Economic Times


=> Banihal-Qazigund rail link through India's longest railway tunnel - Ten remarkable infrastructure developments in India | The Economic Times

 

[hello_10]

Ten remarkable infrastructure developments in India
31 Jul, 2013

For any country, its infrastructure is a matter of pride. From roadways, railways to airports and other smart-city initiatives, the last few years have witnessed a phenomenal change in the sector, leading to world-class facilities coming up across various parts in the country.

We take a look at ten remarkable infrastructure-related developments and projects that have come up in India, in the past few years:


1st, Dubbed an engineering marvel, the first phase of Mumbai's Eastern Freeway from Orange gate to Panjarpol opened to the public in June 2013 while the second and last phase from Panjarpol to Ghatkopar expected to be thrown open in July.

Over 25,000 vehicles are expected to take the freeway daily. The Eastern Freeway elevated road will be the longest such in an urban area in the country. The bridge will have 313 pillars and 3,340 segments.

The 17-km freeway is divided in three parts: the 9.29-km elevated road, the 4.3-km road-tunnel-flyover and an elevated 2.5-km flyover from Panjarpol till the Mankhurd-Ghatkopar Link Road (MGLR) via Govandi. The eastern freeway is Mumbai's most ambitious and much awaited project in terms of traffic decongestion as the road is expected to decongest entire eastern road corridor of the city.

2nd, Indore's BRTS - Built on the pattern of Ahmedabad BRTS, The BRTS road route built at a cost of Rs 135 crore. City travellers have a bus frequency of 15 minutes at every specific point. The BRTS consists of physically separated bus lanes and enclosed 'metro-like' stations.

The proposed bus corridor will eventually cover a distance of 120.46 kms. The fare collection system will include smart cards.

http://economictimes.indiatimes.com...some-interesting-facts/slideshow/19984052.cms

In 2012, The UN chose Ahmedabad's BRTS as a showcase project to highlight that addressing climate change is not a burden, but an opportunity to improve the lives of people. Example of planned commuting system The Ahmedabad BRTS, which began as pilot project on a 12.5 kilometre stretch in July 2009, has emerged as an example of how a planned commuting system can help reduce emissions and improve air quality as well as have a positive impact on urban development.


3rd, Double-decker trains
Its been some years since India's first superfast double-decker train was flagged off, but the railways has been introducing them on many routes. The much-awaited air-conditoned double decker express train between Chennai and Bangalore started its run from April 25 2013 augmenting seat availability in the high-demand route.

Every coach has seats in two decks with food trays attached at the back of each seat. Every row is provided with bottle holders, push back seats, windscreens and also charging socket. Kapurthala RCF is the only railway factory in the country which manufactures double decker AC coaches.

Indian Railway rolls out first AC Double-Decker Train | The Tour Planner's Blog


4th, India's first solar park at Charanka village in Gujarat, Gujarat accounts for 66% of India's total solar power. The country's first Solar Park came up at Charanka village in Gujarat in April 2012. The park at Charanka, spread across 5,000 acres, has 500 MW of generation capacity of both solar and wind energy.

Solar project developers like Alex Astral, US-based Sun Edison, Lanco Solar, Roha Dyechem and GMR Gujarat Solar Power have set up plants in the park. While 214 MW of grid connected solar power was commissioned at Charanka by 17 national and international companies, 10 solar plants having combined generation capacity of 87.49 MW have gone on stream in Surendranagar, 8 in Kutch (85 MW) and three each in Banaskantha (55.20 MW) and Rajkot (25MW), amongst others.

In addition to solar energy, the park also manufactures solar power plant panels and other related equipment. It also provides training to local people of Gujarat to work at solar parks.

Rajiv Kumar Gupta - Solar Cities Emerge in India | Future Cities


5th, Yamuna Expressway: The 165kmlong Yamuna expressway is one of the longest access-controlled six-lane rigid pavements in India. With the help of Yamuna Expressway, the rapidtransit corridor between Delhi and Agra, the drive from Greater Noida to Agra takes just 90 minutes.

On the 165 km Greater Noida-Agra expressway, the maximum speed limit is 100 kmph for cars and 60 km for heavier vehicles. The Yamuna Expressway, besides connecting Delhi to Agra through Noida-Greater Noida Expressway, touches 1,182 villages of Gautam Budh Nagar, Bulandshahar , Aligarh, Hathras (Mahamaya Nagar) and Mathura district.

The expressway provides a safe and an uninterrupted movement of passenger and freight traffic between the nation capital Delhi and Agra.

Groffr.com Blog » yamuna expressway

Yamuna Expressway - Basic Information, Greater Noida


6th, Banihal-Qazigund rail link through India's longest railway tunnel, An 11-km-long tunnel across the treacherous Pir Panjal mountain range on the Banihal-Qazigund railway line in Jammu and Kashmir, is the longest such transportation passage in India and second longest in Asia. The 18-km long Banihal-Qazigund section of the ambitious mountain railway, connecting Kashmir Valley with Jammu region, was inaugurated on June 26.

The railway line, which connects Kashmir Valley with Jammu region, will considerably reduce the travel time between the two places. The distance between Banihal and Qazigund, which is also one of the most treacherous stretches in the entire Kashmir rail network project, will reduce from 35 km by road to 17.5 km on train.

The tunnel is totally water proof and equipped with a fire fighting system across the entire length of the tunnel. The tunnel passes approximately 440 metres below the existing Jawahar Road Tunnel.

India's longest railway tunnel through Pir Panjal mountain range - Banihal-Qazigund rail link through India's longest railway tunnel | The Economic Times


7th, GIFT City in Gujarat, Spread over an area of 886 acres, GIFT city city project aims at state-of-the-art internal infrastructure encompassing all basic urban infrastructure elements along with an excellent external connectivity by roads, metro rail and Bus Rapid Transport Service (BRTS).

The Rs 60,000-crore GIFT City project will house a financial services-based multi-services SEZ, a centre for domestic financial sector, corporate offices, regional offices of companies, a trade centre, housing colonies, social infrastructure and other associated amenities. The project is expected to create ten lakh new jobs in ten years.

The city will use the energy-efficient district cooling system instead of air-conditioning. It will also use an automated waste collection system that sucks away garbage from buildings at high speed.

http://www.ibtl.in/news/states/2005...-city-receives-world-finance-wn-media-awards/


=> Banihal-Qazigund rail link through India's longest railway tunnel - Ten remarkable infrastructure developments in India | The Economic Times

 

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8th, Metro rail projects in various cities, The Metro fever is catching up in smaller cities, thanks largely to the success of Delhi Metro. While Bangalore has already started metro services, Jaipur, Gurgaon and Mumbai are expected to begin operations this year.

Meanwhile, Mumbai's Chembur-Wadala monorail section, which is India's first is set to be operational later this year. The 13 km first reach of Kochi Metro Rail project from Aluva to Palarivattom is expected to be completed by December 2015 and the second by March 2016.

The Hyderabad Metrorail is the world's largest elevated Metro Rail PPP project based on DBFOT basis (Design, Built, Finance, Operate and Transfer).

The Union urban development ministry has decided to consider the proposal for Metro in Tier II cities like Lucknow, Kanpur, Patna, Ahmedabad, Pune, Surat, Indore, Nagpur, Coimbatore, Kozhikode. Guwahati will soon have Metro rail with the Centre approving Assam Government's proposal for the mass transit system.

Introduction of metro railways helps to ease city traffic | India Transport Portal


9th, Modernisation underway at India's airports, World over governments spend billions to make that airport moment agreeable and delightful for visitors and locals alike. India, with the gleamy T3 in Delhi, is just getting there...With the AAI initiating a number of upgradation works -both for airports and airspace navigation - the technology to be used is also undergoing a phenomenal change.

While Hyderabad Airport has been rated as the No. 1 in India by Skytrax-World Airport Awards, the GVK-led consortium that operates Mumbai airport will throw open terminal 2, or T2, that it hopes will outshine Delhi airport's T3.

Netaji Subhas Chandra Bose International Airport's new passenger terminal has come up in Kolkata. It will have a capacity to handle an annual traffic of 20 million passengers as compared to the present 7.46 million. A new glass-and-steel domestic terminal at Chennai airport is also coming up.

Delhi's Indira Gandhi International Airport Terminal 3 | CNN Travel

India's first greenfield airport in Hyderabad ready for operation | TopNews


10th, World's highest rail bridge to come up across Chenab river, Arguably one of the toughest engineering challenges in hand, Railways plans to complete the Chenab bridge in Jammu and Kashmir by 2016, making it the world's highest rail bridge.

The arch-shaped bridge across Chenab river-bed in Reasi district, which will be five times the height of Qutab Minar at 359 m above river bed, will connect Baramulla and Srinagar to Jammu via Udhampur-Katra-Qazigund covering the entire route in about seven hours.

World's highest rail bridge to come up across Chenab river - World's highest rail bridge to come up across Chenab river | The Economic Times

=> Ten remarkable infrastructure developments in India - Ten remarkable infrastructure developments in India | The Economic Times

 

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double post

 

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Average GDP Growth Rate of Asian Industrialized Countries Since 1981 :thumb:

My this post is just to keep a record of the comparative 'Average' Growth rate of India with "Newly Asian Industrialized" countries, along with the Matured Industrialized Asian countries like Korea, Japan, Singapore as below.

this effort is just to keep an eye on the Average Growth Rate of India since 1981 to 2013, as compare to other 'Asian' Industrialized Countries :thumb:

Select Country or Country Groups

=> Newly industrialized country - Wikipedia, the free encyclopedia


Growth Rate Comparison since 1980 to 2013, for the 34 years

1st, China: 9.89% since 1980

2nd, India: 6.2% since 1981

3rd, Philippines: 3.4% since 1980

4th, Thailand: 5.4% since 1980

5th, Indonesia: 5.2% since 1980

6th, Malaysia: 5.8% since 1980

7th, Singapore: 6.6% since 1980

8th, Korea: 6.2% since 1980

9th, Taiwan: 5.7% since 1980

10th, Japan: 2.1% since 1980

Select Country or Country Groups


and this comparison clearly tells us, how population growth rate of around 2% since 1981, with 500mil extra people this way, has covered every success of India since 1947. while total number of Middle Class of India is itself more than total population at the time of freedom, 1947


=> we also have a comparison of India and China's Per Capita Income on PPP since 1990 as below, telling us the difference between Indian Open Market strategy with Chinese one since 1990...... India could have only around 5.3% growth rate for the 12 years in between 1991 to 2001, because of failing to even 'copy' the Chinese Economic Reforms in 1991

India GDP - real growth rate - Economy


BRITAIN GDP PER CAPITA PPP at 1990, $15,650
United Kingdom GDP per capita PPP

RUSSIA GDP PER CAPITA PPP at 1990, $8013
Russia GDP per capita PPP

INDIA GDP PER CAPITA PPP at 1990, $873.76
India GDP per capita PPP

CHINA GDP PER CAPITA PPP AT 1990, $794.93
China GDP per capita PPP

Reverse brain drain: India beckons non-resident citizens home with plum salaries :thumb:
January 03, 2013

Country is expected to create nearly 50,000 jobs for NRIs :tup:

The overseas Indian community (non-resident Indians, NRIs) is estimated at over 25 million and is spread across every major region in the world. Many of these, now overseas residents, went abroad to study and many never came back.

The reason – there were better jobs and plum salaries to strive for in foreign countries.

This is a problem that India has faced over the decades but now it's trying to move away from being a country that specializes in importing labour. To get its people back home, the country is creating jobs for its overseas citizens. The latest figures from job portal Naukri.com shows that nearly 50,000 jobs will be made available this year to lure some of these defectors, particularly the high-quality academics and professionals, back to their home country.

The figure seems a drop in the ocean considering the huge number of Indians living aboard but signals a change, welcoming the returnees. :tup:

Each year, the number of jobs specifically targeted at NRIs, have gone up. The organised sector in India is set to create about 49,215 new jobs for non-resident Indian professionals in the calendar year 2013 with 43 per cent more jobs compared to 2012.:tup: Last year, the country was able to create around 27,983 jobs, reveals the latest results of MyHiringClub.com & NriJobPortal.com NRI Professional Employment Trend Survey 2013.

The survey is based on 4453 companies across 12 industry sectors in 11 major cities and indicates that most employers are optimistic about their hiring plans for NRI professionals in the New Year. :tup:

"An increasing number of valued NRI professional recruitment will likely take place in 2013. This is a good sign for retaining talent in India. I believe job opportunities are most in Bangalore and most of the NRIs who are seeking to come back are tech professionals," said Rajesh Kumar, CEO, MyHiringClub.com & NriJobPortal.com.

IT & ITeS (11450) will offer the maximum number of jobs to NRIs. This is followed by FMCG (8930), automobile & manufacturing (7341), infrastructure (4894), pharma & healthcare (3245), telecom (1391) and banking & financial services (1391).

Bangalore is the city where most jobs will be created (11894), followed by Delhi & NCR (10320), Mumbai (6780), Chennai (5490), Kolkata (3290) and Hyderabad (2189).

Even though the country seems to be luring the professionals back home, workers under the unskilled and semi-skilled category are still flocking to other countries for better pay.

"We have not seen any huge upsurge in the numbers returning to India so far. Every year, there are one to two lakh (100,000 to 200,000) workers who return to India, usually at the end of their work contracts," Minister of Overseas Indian Affairs Vayalar Ravi was quoted in the Indian media nearly one year back.

The ministry tracks the movement of semi-skilled and unskilled Indian workers to the Gulf and other countries.

As per the reports, the Indian government processes six to eight lakh emigration check required (ECR) passports of workers who travel to the Gulf countries and some other countries.

This number seems to have gone up, as per the data of the ministry. For the current financial year in India, the number is about 6.1 lakh (600,100), which shows an increase in the number of Indian workers leaving the country for work abroad.

Reverse brain drain: India beckons non-resident citizens home with plum salaries - Emirates 24/7

 

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Younger CEOs paid more in India than US

MUMBAI: A new breed of younger Indian CEOs is rewriting the rules of the compensation game. In the process, they are topping their American and European peers to stand out as the highest paid executives globally, something which was once the exclusive preserve of executives from companies based outside India.

The average annual salary for an Indian CEO below the age of 50 years now stands at Rs 7.9 crore. Compared with the Rs 7.3 crore that American corner office occupants earn and Rs 7.8 crore pocketed by European bosses, it highlights the rising salaries of younger CEOs, especially in promoter-run firms in India.

Younger Indian CEOs may have stolen a march over their global peers in the salary sweepstakes but overall, Indian CEO salaries are substantially lower than their international counterparts. This was revealed in a study by global recruitment firm Randstad, which was commissioned by TOI to compare the differentials that exist between salaries of Indian CEOs vis-a-vis their western counterparts.

The compensation of Indian CEOs, though growing sharply, is still 45% lower than their American peers and 21 % lower than European CEOs. However, the gap in salaries when compared to European CEOs is shrinking faster, especially in the manufacturing, energy and infrastructure segments, the study points out. Indian CEOs received an average salary of Rs 6.3 crore.

The study is based on conversion of international salaries to Indian rupees by applying a Purchasing Power Parity (PPP) conversion factor of 20.224. This basically means that the exchange rate is adjusted so that identical goods in two different countries have the same price when expressed in the same currency. As a representative sample, Randstad took into consideration companies that form the BSE100 (for India), FT100 (for Europe) and S&P100 (for US) indices as of August 20, 2012. All long-term benefits like stock options were excluded.

"With current levels of inflation, and if India's GDP shows higher growth, the gap between salaries in India will come closer to the levels of the western world. The younger Indian CEOs are compensated better, because there is a higher concentration of promoter CEOs in this group. We can see that in sectors like manufacturing, energy and infrastructure, first-generation promoters are passing on the CEO mantle to their heirs and other family members," says Balaji E, MD & CEO, Randstad India.

However, the trend of promoter CEOs earning more than professional CEOs is not restricted to the younger lot. Across India Inc, promoter CEOs earn 53% higher than professional CEOs, the study revealed.

While professional Indian CEOs still need to catch up with their international peers, the gap in the average salary is highest in the information technology, telecom and communications, finance, retail, media and entertainment sectors, closely followed by the consumer goods industry. In the manufacturing, energy and infrastructure segments, the compensation of Indian CEOs is at par with the European CEOs due to the higher concentration of promoter CEOs in these two segments.

"Today, more and more Indian CEOs get compensated at world-class levels. This trend is driven by several factors. Firstly, it speaks of the professionalization of management and secondly, the most critical constraint to growth is the availability of general managers. It is just pure supply and demand. Finally, professional managers have a considerable set of opportunities to choose from. The broad implication is that, going forward, India cannot become competitive by playing cost arbitrage but has to master the innovation game," says Vijay Govindarajan, professor at Tuck School of Business at Dartmouth College and a part of the celebrated Thinkers 50 group.

Some Indian executives, however, think that the differences in the way salaries are structured for Indian CEOs compared to their western counterparts would continue for a while. "There is a difference between CEO compensation in India as compared to the US and Europe. American CEOs, in particular, and businesses have much greater risks attached to them. The stress that leaders undergo makes them demand far greater compensations whereas in the Indian context, the time lines for performance and the risk factor is much lesser," says Hari T, chief people officer at IT services major Mahindra Satyam.

Indian CEOs from the manufacturing segment earned the highest at Rs 8.7 crore, followed by CEOs from consumer goods with an average salary of Rs 5.6 crore. The other significant point to have emerged from the study is that private sector CEOs are compensated 21 times more than public sector CEOs. With an average salary of Rs 6.3 crore, private sector CEOs are compensated far better than their public sector counterparts, who earn an average compensation of Rs 0.3 crore. The salaries of CEOs of the public sector do not include benefits and perquisites provided to those in the private sector.

Rajeev Chopra, CEO and MD, Philips Electronics India, is more pragmatic and refuses to buy into the euphoria over increasing salaries of Indian CEOs. "Broadly speaking, compensation has always been and will continue to be a function of a myriad factors, such as the prevailing salary structure in the country's job market, the specific industry, the business situation a particular company finds itself in, etc. Therefore, clearly, a 'one size fits all approach' has not worked and may not work in the context of global salaries."

Be that as it may, due to the increasing complexities of Indian businesses, salaries can only go up.

Besides, comparisons would never cease considering salaries remain the biggest point of discussion across management levels in global businesses.

Younger CEOs paid more in India than US - The Times of India

NRIs moving from the US to India: How much salary to expect

That story probably made news only because of its star power. The fact that NRIs from the US are moving back to India is no shocking development. NRIs have, in the last few years, been relocating to India in large numbers, in search of better personal and professional lives. And if you are an NRI considering that move, there is one important thing that you must understand very well: the salary you will get in India.

Kris Lakshmikanth, Founder CEO of The Head Hunters India Pvt Ltd. says, "When it comes to compensation, we find that NRIs have inflated expectations. They mainly go by hearsay; their friend or friend's friend who returned to India has told them a tall story about Indian salaries. They want to go by that yard stick."

USD will not convert to INR

The first thing to remember is that you will not make the rupee equivalent of your US salary in India. The cost of living in India is significantly lower than that in the US. This also means a lower labour cost in India. These factors will determine your India salary. Seema Nair, Co-Leader India HR Operations of Cisco India explains, "The salary in India (for Cisco employees moving from US to India) is related to local labour market wage rates with a potential premium for critical skill sets."

Achyut Menon, head of Options Executive Search Pvt Ltd also adds, "In the nineties, people who were posted to India got expat salaries. But those days are over. In the last 10 years, India has become an attractive market for global companies who are not just looking to set up offshore centers here, but also to capitalize on the growing, educated and highly aspirational middle class consumer segment. Added to that is the availability of skilled labour within India itself. Companies no longer need to pay expat salaries."

Benchmark: What then should be the broad benchmark?

Both Lakshmikanth and Menon say that while there cannot be a standard formula, the Big Mac Index is a good guideline to calculate salaries. The Big Mac index published by The Economist, is based on the theory of purchasing-power parity (PPP), according to which exchange rates should adjust to equalise the price of a basket of goods and services around the world. The basket in this case being a McDonald's Big Mac.

Now according to the last available index dated July 2011, a Big Mac costing USD 4.07 in the US costs USD 1.89 in dollar terms in India (Rs 85 converted at an exchange rate of Rs 45). It means that the Big Mac costs 54% less in India; the cost of living is 54% lower in India. Read another way, this means that the rupee is undervalued by 54% to the dollar and that on the basis of PPP, one dollar would actually be worth Rs 21 instead of Rs 45.

So if you are drawing a salary of USD 100,000 in the US, you can expect to draw Rs 21 lakh in India, give or take. At an exchange rate of Rs 45, that would translate to an Indian salary of USD 46,666 or 46% of the US salary.

"Senior management can expect anywhere between 40% and 70% of their last drawn US salary when they move to India," Menon explains, adding, "At the 70% end would be people who have moved to India to set up a development/ engineering center or to head the global company's India start-up."


Best career move

Having set that broad benchmark, the salary would also vary between industries and functions. You would need to choose your profile and company carefully to maximise your salary.

"Manufacturing would pay less than technology. Within technology, we find that delivery of software is something which Indian companies have become masters in. They don't need to employ people from overseas. In fact, such people from the US are paid less than the person who stayed back in India because those returning from the US have handled fewer people teams as compared to peers in India," Lakshmikanth points out.

Similarly, domestic Indian companies do not usually recruit NRIs for strategic positions if the NRIs are not familiar with the dynamics of the Indian market and work place.

As an NRI moving back to India, Menon says it would be best to join a company in the US which has plans to start-up/ expand in India. "A lot of US companies across sectors like engineering, legal, analytics, financial services, pharmaceuticals are setting up operations in India.

These companies are happy to send an Indian to India who also has experience of their other markets. The employee benefits because he can grow with the company's operations in India. In the beginning, the company will set up a 30-40 staff office and expand going forward. As a member of the start-up, the employee grows as the company grows, making it a win-win for both" he explains.

Parting shot

"At the end of the day, come back to India for the same reasons you went abroad: for personal and professional growth and happiness. Come with a long term view in mind and you won't regret it," Menon advices.

(The author is a chartered accountant and financial writer. She also blogs at blogs.economictimes)

NRIs moving from the US to India: How much salary to expect - Economic Times

 

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BRICs Share Of World Economy Up Four Times In 10 Years
7/04/2012

The economies of Brazil, Russia, India and China account for 20 percent of the world economic output, and rising. That's up four fold in the last decade, according to a report released yesterday by the International Monetary Fund.

Despite the growth, problems in the core economies had made the post-2008 world a difficult one for the big four emerging markets.

Their combined stock-market value has dropped to a three-year low of 16 percent of the total invested in global equities, according to data compiled by Bloomberg . Jim O'Neill , the chairman of Goldman Sachs Asset Management who came up with the term BRIC in a November 2001 research report, said that the pull back in equity values makes BRIC market stocks "irresistible," Bloomberg reported him saying on Wednesday. The last time the gap was this wide, in 2005, the MSCI BRIC Index jumped 53 percent in 12 months, more than double the gain in the MSCI All-Country World Index. :tup:

"Unless we are seeing a major collapse of those economies, it's a huge opportunity for investors," O'Neill told the newswire.

Audrey Kaplan, a fund manager at Federated InterContinental (RIMAX) said on Monday in an interview with Forbes that she had started investing in China for the first time in nearly years in the first quarter and is now overweight China and Brazil within the BRICs.

"You want to own a lot of these big names when they're cheap," Kaplan said about Brazil's large cap stocks which have underperformed the local BM&F Bovespa index all year. "We're getting back into these names because they are very attractive at their recent price levels."

According to Bloomberg, BRIC equity value, which includes locally-traded shares and ADRs, has dropped to $7.6 trillion from $9.5 trillion a year ago, when they made up 18 percent of the global total. Petrobras (PBR), Brazil's state run energy company, fell to the world's 39th-largest company by value from the 10th-biggest in July 2011. China Construction Bank's rank dropped to 20 from 12 while Rosneft , Russia's largest oil producer, sank to 106 from 70. India's ICICI Bank (IBN) has lost 17 percent of its market cap during the past year, compared with an average gain of 9 percent for global peers.

The long term trend of rising standards of living remains in place for the BRICs, but investors still have to contend with market volatility related to problems in the advanced economies.

Allan Conway, head of emerging markets at Schroder Investment Management, said the market still needs clarity on Europe. There's no clear direction yet in global equities as a result.

"In 2008, we beat the MSCI emerging markets index. The period we suffered most was 2010 when the market had no clear trend. Since then we've clawed back and are ahead by about 300 basis points over the MSCI EM and this year as of end of June up 250 basis points over MSCI EM. The challenge for us has been to stay ahead of the curve. If we wait for some incredible plan to come out of Europe, we miss 30 percent of the rally," he said. "The trick in the coming months are to look for the sign points that show we have moved away from kicking the can down the road and are moving to more long lasting structural changes."

Dedicated emerging market investment funds that have a heavy weighting in the BRICs have posted 16 straight weeks of withdrawals , losing a net $5.3 billion, according to Cambridge, Mass based fund tracking firm EPFR Global.

The BRIC economies are slowing. They've expanded by 4.8 percent on average during the first quarter, but that's down from nearly 7 percent last year.

BRICs Share Of World Economy Up Four Times In 10 Years - Forbes

Foreign cos pulling more money out of India-Nomura

May 25 (Reuters) - Foreign direct investment, the sort of sticky long-term money India craves to fund its current account deficit and build up its infrastructure, may not be so stable after all.

According to a Nomura report, multinational companies have been pulling money out of India at an accelerating rate, moving $10.7 billion out of the country in 2011, up from $7.2 billion in 2010 and just $3.1 billion in 2009.

Outward flows are bad news for a country that this week saw its rupee currency hit a new record low as investors worry about its hefty fiscal and current account shortfalls, slowing economic growth and policy gridlock.

Still, corporate funds continue to enter India even as existing investors exit. Inbound foreign direct investment surged 88 percent to a record $36.5 billion in the fiscal year that ended in March, according to official data.

"Global deleveraging may have forced companies to sell their Indian assets and repatriate funds to their home country," Nomura analysts wrote in the Friday note.

"At the same time, domestic push factors such as slowing potential growth, the high cost of doing business and regulatory uncertainty have weakened the investment climate, likely causing this erosion. This is not a good sign."

Telecoms companies Etisalat of Abu Dhabi and Bahrain Telecommunications Co are leaving India after their mobile phone licences were among those ordered cancelled by an Indian court amid a corruption probe.

New York Life recently exited its 26 percent stake in an Indian insurance venture with Max India for $530 million, while U.S. mutual fund giant Fidelity Worldwide Investment recently struck a deal to unload its India unit to local company L&T Finance Holdings.

Foreign companies have been increasingly frustrated by regulatory uncertainty and a lack of reforms. Rules that would allow foreign companies into the supermarket and airline industries are stalled.

Vodafone, the world's biggest mobile carrier, has repeatedly clashed with authorities in India, which is trying to collect more than $2 billion in taxes from it through a retroactive law change, even after India's highest court ruled in the company's favour.

Vodafone, the biggest overseas corporate investor in India, has said it will not walk away.

The Nomura report said the services, manufacturing and real estate sectors probably saw "the maximum outflow".

Foreign cos pulling more money out of India-Nomura | Reuters

 

[hello_10]

=> Rupee still 17.6 per cent overvalued: Nomura - Economic Times

Indian Rupees (INR) has to be depreciated to 1.0 INR = 1.5 Pakistani Rupees to 1.0 Yuan = 10.0 INR, to around 1.0 US$ = 65.0 INR

=> Indian rupee bounces back by 60 paise to 57.79 against dollar - Business Today

the above news below clearly means that Indian Government has to make Gold Import easier than before, until Indian Rupees remains 'Over Valued', until it is depreciated to 1.0 US$ = 65 INR. as we do expect Gold import to put more pressure on the INR to bring it to the level, where we may have enough resistance to imported products, which will bring down the Trade Deficit, CAD, with the same rate.......

(and it will be the time when gold import too will become expansive to be imported this way.......)

its clear that if Indian 35% import accounts for only Oil, and those manufactured products which may be produced in India itself. and as these items are very cheap to be imported, so it has to be made expansive enough to be less imported. and its possible only when government has to, as we dont produce more than 25% of oil consumption...

we hope to see Indian Rupees to be at least at around its true value by end 2013, at around 1.0 INR = 1.5 Pakistani Rupees to 1.0 Yuan = 10.0 INR, hence to around 1.0 US$ = 65.0 INR :thumb:

India needs free floating gold trade

=> Stemming rupee fall: With import duty at 10%, gold may turn rare metal in India - The Economic Times

the above news is disappointing..... I always support Gold Import as its all about a foreign currency in the form gold, which floats as per market demand and having high gold import, in fact help the Trade Balance in tough times. for example, like how we saw even export of Gold in first quarter of 2009, when Indian Rupees depreciated to Rs50/US$, from its Rs40/$ level of mid 2008, which then made the Gold price lesser in the Indian market as compare the its Dollar value in the international market, which then resulted in even export of Gold coins from India in the first quarter of 2009, during the peak of recession, as below :ranger:

Singapore: Investors in India, the world's largest gold consumer, sold 17 tonnes of bullion in the first quarter of 2009, marking its first disinvestment ever, while investment demand plunged more than 70% in Vietnam on import restrictions, industry data showed on Thursday.

India gold investment turns negative for first time - Livemint

Gold import has a unique role in the Indian trade and it can't be equated to oil import, as its in fact the "most valued foreign currency". in fact gold has been the investment with the highest return since 2001. also, now days we find that at $1.0 = INR 60, gold price in India is maintained at around INR 28,000 per 10 gram. and if the currency depreciates by 5% from here, say, then obviously gold price will then fall by 5%, nearly INR 30,000 per 10 gram this way?

there must not be any tax on the Gold import to keep it always floating. we want "market determined value of gold", which may help India maintain respect during very tough time, similar to the recession time of early 2009 when it was even exported to help India on the trade deficit side that year.....

there is a difference between oil import which has a share of around 35% in India's import, as compare to gold import which is a form of foreign currency. if oil/gas is more imported then it means for its more consumption, the waste, while gold is the "most valued" form of foreign currency, which first provides high return, as we saw since 2001, and also exported in tough time, as we saw in early 2009...... also, why does the government worry so much if rupees is still around 10% "over valued" at this level itself, as below??????

=> Rupee still 17.6 per cent overvalued: Nomura - Economic Times

 

[hello_10]

India up from 12th to 9th position in industrial production, by 2009
09 March 2010

New Delhi / Vienna: A new report by the United Nations Industrial Development Organization (UNIDO) states that India has emerged as one of the world's top ten countries in industrial production.

According to UNIDO's 'Yearbook of Industrial Statistics 2010' the top ten in 2009 were: the U.S., China, Japan, Germany, the Republic of Korea, France, Italy, the U.K., India (9th) and Brazil. India surpassed Canada, Brazil and Mexico in 2009 to reach the 9th position from the 12th position it held in 2008.

India is among the global top ten in the following sectors: basic metals; electrical machinery and apparatus; and other transport equipment, other than motor vehicles, trailers and semi-trailers; textiles; leather, leather products and footwear; coke, refined petroleum products, nuclear fuel; chemicals and chemical products. :thumb:

According to UNIDO estimates, India's manufacturing value added (MVA) per capita is 283 US$ compared to 631 US$ of Brazil.

The report reveals that China is now the world's second largest producer of manufacturing output. The share of China in world total of manufacturing value added (MVA) at constant 2000 US$ has reached 15.6 per cent in 2009, compared to 15.4 per cent of Japan, while the USA maintains its first rank with 19 per cent. These three countries combined produce half of the world manufacturing output.

Despite the lead of China in absolute amount of production, the report suggests that Japan is still the most industrialized country of the world in terms of MVA per capita. Japan's MVA per capita for 2008 was almost 9000 US$ compared to about 700$ of China.

The report also suggests that the effect of the recent financial crisis on industrial growth was severe for industrialized countries, but relatively mild for developing countries.

UNIDO's International Yearbook of Industrial Statistics 2010 is the only international publication providing economists, planners, policymakers and business people with worldwide statistics on current performance and trends in the manufacturing sector. The publication presents recent data from national industrial surveys for more than 70 countries in detail. UNIDO maintains international industrial statistics database and disseminates its statistical products to the wide range of international data users.

The Yearbook of Industrial Statistics 2010 also provides internationally comparable data for major indicators of manufacturing activity. The data can be used to analyze patterns of growth and related long term trends, structural change and industrial performance in individual industries.

=>

MACHINIST - India up from 12th to 9th position in industrial production : UNIDO report

we may also have a look on the Industrial Production Growth Rate of India during last decade, as below :thumb:

India - Industrial production growth rate - Historical Data Graphs per Year

.

 

[hello_10]

double post

 

[hello_10]

Indian Strategy to Limit Growing CAD

=> http://defenceforumindia.com/forum/economy-infrastructure/53739-india-sick-man-asia.html#post781194

The Stock Exchange is following the trend of rupees fall, with a sense to invest it again when it gets established. right now foreign investors are selling their shares at 63 rupees per dollar, and they would back when it would reach 66/71 rupees per USD, say......

Rupees is comparable to Japanese Yen, and its still overvalued that Yen???????
Exchange Rates - X-Rates

we also have a news as below, check
=> Despite touching 60, rupee still 17.6% overvalued: Nomura - The Times of India


=> RBI would fix Rupee Level at 71, the only way to Keep CAD Under Control

you can't import more than $500billion/ year till 2015/18, considering the worst scenario

India won't be able to export more than $300/$400billion by 2015/18, as the European Markets are finished except few like Germany. and there is a limit US may borrow debt to support world market.

with the above 2 points, we do know that India is having $300billion export since 2011, and it would be almost same this year also, then its because first European markets are on free fall, being bankrupted one by one, hence the export couldn't increase. and at the same time US did borrow debt during last 3 years, which supported the world economies to an extent. but there is a limit, the US may borrow debt to maintain its $2.0trillion+ import from other countries, while the EU28 economies haven't reached their lowest yet . too many Austerity there but still debt is increasing and its around 92.5% to GDP of Eurozone to date. and its also considering the fact that Germany and few other european economies could reduce their debt during last few years while there is no control on the fall of other European economies, stating this 'two way' European future.......

and here, China has been blamed for keeping its currency lower to gain on the export side and hence their Import stands at $1.95trillion and Export at $2.1 trillion by the last financial year, registering a Trade Surplus this way by a margin of around $150 billion. while on the other side, Indian rupees was estimated to be over valued by 17.6% at 60/USD? then, is there any surprise why trade deficit of India stood at around 66% to its export, hence bring CAD to so high level this way???? (export of India at $300billion and import at $500billion by 2011 to 2013)

=> Despite touching 60, rupee still 17.6% overvalued: Nomura - The Times of India

your CAD worries is directly related to your importing power, which is because of Over Valued Indian Rupees. and you need to depreciate Indian Rupees to the level where it may make the imported products "expansive enough to be imported".


Short Time Pain will Bring Long Term Benefits

here, we find, Indian companies have been struggling due to the imported Chinese products, due to "under valued Yuan". and if India produce the same products domestically, it will first provide more jobs to the Indian workers, hence increasing both, the direct and indirect taxes this way. then why is there any reason to keep importing those products which may be produced domestically, and its not possible until you make the imported products, to be expansive enough to be imported? (the short term pain of higher petrol/diesel prices will finally benefit India in future. )

the world is changing and there is a limit, the US can borrow the debt to maintain their current $2.0trillion+ import. and there is no sign that fall of European economies has reached its bottom

India needs to prepare itself considering the circumstances of 2018/20+ when its 90% trade would occur within Asia only. as China will have got a major share of High Tech export business till then, and oil/gas/metal import will come from Asia itself, with reliance on Japan/Singapore for those high tech products which India or China will not be able to produce till 2020. there is no meaning to ignore this biggest threat, when 90% Indian trade will have got limited to Asia only by 2018/20+, and India would prepare itself for those circumstances from today.

as discussed in my post as above, now India needs to do much more to have more SEZs :thumb:

=> SEZ units hit tax hurdles for domestic supplies | Business Line

 

[hello_10]

Reverse brain drain: India beckons non-resident citizens home with plum salaries :thumb:
January 03, 2013

Country is expected to create nearly 50,000 jobs for NRIs :tup:

The overseas Indian community (non-resident Indians, NRIs) is estimated at over 25 million and is spread across every major region in the world. Many of these, now overseas residents, went abroad to study and many never came back.

The reason – there were better jobs and plum salaries to strive for in foreign countries.

This is a problem that India has faced over the decades but now it's trying to move away from being a country that specializes in importing labour. To get its people back home, the country is creating jobs for its overseas citizens. The latest figures from job portal Naukri.com shows that nearly 50,000 jobs will be made available this year to lure some of these defectors, particularly the high-quality academics and professionals, back to their home country.

The figure seems a drop in the ocean considering the huge number of Indians living aboard but signals a change, welcoming the returnees. :tup:

Each year, the number of jobs specifically targeted at NRIs, have gone up. The organised sector in India is set to create about 49,215 new jobs for non-resident Indian professionals in the calendar year 2013 with 43 per cent more jobs compared to 2012.:tup: Last year, the country was able to create around 27,983 jobs, reveals the latest results of MyHiringClub.com & NriJobPortal.com NRI Professional Employment Trend Survey 2013.

The survey is based on 4453 companies across 12 industry sectors in 11 major cities and indicates that most employers are optimistic about their hiring plans for NRI professionals in the New Year. :tup:

"An increasing number of valued NRI professional recruitment will likely take place in 2013. This is a good sign for retaining talent in India. I believe job opportunities are most in Bangalore and most of the NRIs who are seeking to come back are tech professionals," said Rajesh Kumar, CEO, MyHiringClub.com & NriJobPortal.com.

IT & ITeS (11450) will offer the maximum number of jobs to NRIs. This is followed by FMCG (8930), automobile & manufacturing (7341), infrastructure (4894), pharma & healthcare (3245), telecom (1391) and banking & financial services (1391).

Bangalore is the city where most jobs will be created (11894), followed by Delhi & NCR (10320), Mumbai (6780), Chennai (5490), Kolkata (3290) and Hyderabad (2189).

Even though the country seems to be luring the professionals back home, workers under the unskilled and semi-skilled category are still flocking to other countries for better pay.

"We have not seen any huge upsurge in the numbers returning to India so far. Every year, there are one to two lakh (100,000 to 200,000) workers who return to India, usually at the end of their work contracts," Minister of Overseas Indian Affairs Vayalar Ravi was quoted in the Indian media nearly one year back.

The ministry tracks the movement of semi-skilled and unskilled Indian workers to the Gulf and other countries.

As per the reports, the Indian government processes six to eight lakh emigration check required (ECR) passports of workers who travel to the Gulf countries and some other countries.

This number seems to have gone up, as per the data of the ministry. For the current financial year in India, the number is about 6.1 lakh (600,100), which shows an increase in the number of Indian workers leaving the country for work abroad.

Reverse brain drain: India beckons non-resident citizens home with plum salaries - Emirates 24/7

Reverse brain drain a reality in economically booming India
Jan 26, 2011, 12.34pm IST

Brain drain, the much touted phenomenon of the 90s seems to be all set for a role reversal. As India turns 62, reverse brain drain seems to be the silver lining on the cloud. The country's great minds are flocking back to the resilient economy that has withstood the global meltdown. "Reverse brain drain is a great sign of the world's confidence in India. It is a sign of global recognition of India's potential," says Manish Mistry, who recently returned to explore opportunities here.

The year 2010 saw as many as 60,000 Indian professionals who had settled in the USA, return to India. With the economic depression naming loss of jobs as the crucial factor for coming home, the fact remains that some of the best minds are back. :thumb: "The shortage in the supply of talent and the economical boom in India is serving as the icing on the cake. It is attracting and bringing the best talent back to India," says Mumbai-based Vishal Golia, who returned to India after five years.

Also, not only is the reverse brain drain voluntary, several Indian's are returning home as part of their job packages.:thumb: This means MNCs are now sending their top Indian minds to head their new companies back in India. But are adjustments difficult?

"Those of us who knew we could not permanently leave India, have kept our links alive. We have educated our children in systems that are compatible to those in India so that they can come home for work or studies,":thumb: says US-returned Ahmedabad-based Aasit Shah, who runs an animation academy.

Reverse brain drain a reality in economically booming India - Times Of India

 

[hello_10]

double post

 

[hello_10]

as discussed in my post as above, now India needs to do much more to have more SEZs :thumb:

=> SEZ units hit tax hurdles for domestic supplies | Business Line

and as discussed above, now India needs to do much more to have more SEZs. we hope its number to be thrice by 2020, to meet the industrial growth target. we want at least 500+ SEZs by 2020......... India can't achieve its target to bring the manufacturing share to be around 25% of GDP target until we have "Structural Reform of Indian Economy", and having more SEZs is the first step in this regard

to prepare for the circumstances at 2020+, India does need a type of "Structural Reform" considering industrial production growth. India already have a range of Institutions, for high to low level skills, with new infrastructure projects like express way/ ports/ airport etc, along with reaching Youth Literacy rate closed to 90% soon. its filled with highly competent professionals, at a low salary, and only hurdle in this direction for having more SEZs....

and we have been getting news that acquiring farmers lands has been the main issue in this regard. and here we find an Asian country like Singapore to be a type SEZ as a whole country, then why this big country like India has so much problems in acquiring lands for SEZs? we had this type of problems in 50s and 60s also when the government wanted to lay down roads and there used to be much resistances from the same type of farmers demands. then why can't India acquire the prime lands by 'forceful' methods, as it were adopted before also, for the key infrastructure projects in 50s to 80s? i mean, if a land of farmer cost 1.0 lacs per 1000 square feet then just through 3.0 lacs for those lands and get it????? and if there is more resistance then just through 5.0lacs+, 5 times, for the same type of land?????

such a big country like India, which is even export of food grains but it face problems for acquiring lands because of farmers?, i always doubt why???????

 

[hello_10]

double post

 

[happy]

@hello_10 hey what are all these double posts? And what exactly are you trying to establish? Why is not even one member responding to you ????

 

[amoy]

India"¦"¦ more SEZs

what does Indian SEZ imply? fyi there're officially 5 SEZs only in China, Shenzhen, Zhuhai, Shantou, Xiamen and Hainan. Now not so "special" in those SEZs since a level playing ground phases in nationwide.



Sent from my 5910 using Tapatalk 2

 

[hello_10]

@hello_10 hey what are all these double posts? And what exactly are you trying to establish? Why is not even one member responding to you ????

my double posts are intended to open thread on time to time to get any idea from new members, on the topics i run on the forums.....

look, my thread are informative, intended to provide information on the key topics. and i welcome only those posts which may help me have more information in my threads.....

hmmmm, very less people respond me in this thread, as, you do need to have little knowledge to talk even in this thread, isn't it?????

 

[happy]

This thread sure does contain lot of economics. Mind boggling calculations. Not my forte

 

[drkrn]

@hello_10 hey what are all these double posts? And what exactly are you trying to establish? Why is not even one member responding to you ????

who said so?he posts more sensible and useful posts than many other persons in this forum