needhelp Wrote: ------------------------------------------------------- > Why is anybody surprised? > > The whole ‘India is an upcoming economic super > power’ is a myth and an illusion. Have you ever > called a support center in india with a technical > question? > Wow, you dismiss India’s growth based just on your perception of the quality of tech support in India? Hmm, deep analysis indeed! > Alas, the business world comprises of decpetion > and outward appearances and marketing your > country/company a certain way. Well I am sure that this is not limited to India. Caveat Emptor. Doing a background check is mandatory in all countries of the world. I am happy the auditors were not a local Indian audit firm and was PWC. Otherwise people like you would be screaming from the rooftops how Indian audit firms are inferior to the Big 4. Notwithstanding that the Big 5 became the Big 4 only recently. > > We all inflated our resumes to look good to each > other when none of us really knew what we were > talking about. If you or your associate embellished your resumes to get a job its no reason to paint everyone with the same brush. Needhelp, an amazingly apt alias.
needhelp Wrote: ------------------------------------------------------- > Why is anybody surprised? > > The whole ‘India is an upcoming economic super > power’ is a myth and an illusion. Have you ever > called a support center in india with a technical > question? > > Alas, the business world comprises of decpetion > and outward appearances and marketing your > country/company a certain way. > > We all inflated our resumes to look good to each > other when none of us really knew what we were > talking about. Was subprime mortgages manufactured in India? Was Madoff Indian? Some of these posts confirms my worst fears that some of the posters here have nothing between their ears. And they needhelp or could use some prayers.
i would shudder if you based economic progress on the answer to the answer to " Have you ever called a support center in india with a technical question? ". bear markets always expose the bad apples. as buffet said, its when the tide goes out we find out who has been swimming naked. its not a new phenomenon. we have already seen the fall from grace of ‘maestro’ greenspan. happens all the time in pessimistic times.
but when the tide goes out, dont the swimmers follow the water?
great job PWC
economic power … comes and goes…a quick history lesson for those who needhelp with it http://en.wikipedia.org/wiki/List_of_regions_by_past_GDP_(PPP)
All i am saying is that indian economic growth is more hype/marketing than reality. I think Chinese economy is a lot more sound and strong than Indian. although bollywood can kick chinese film industry’s butt anyday. but thats about it. later!
This is a great opportunity for GoI and corporate India to clean up the stables. I hope something good comes out of this mess.
china and india are the two fastest growing economies, both are growing rapidly, china is bigger and faster but india is also impressive more that 7% real growth is nothing to be scoffed at
sameeragarwal Wrote: ------------------------------------------------------- > china and india are the two fastest growing > economies, both are growing rapidly, china is > bigger and faster but india is also impressive > more that 7% real growth is nothing to be scoffed > at who is auditing govt of India’s books!!! lol