Ooops, double post.
marcus phoenix Wrote: ------------------------------------------------------- > spierce Wrote: > -------------------------------------------------- > ----- > > marcus phoenix Wrote: > > > -------------------------------------------------- > > > ----- > > > > > > > > Think about that for a second. > > > > > > > > China and India do one thing. They are the > > > > world’s factories. If the world’s wealth > and > > > > demand for goods is down, how can they be > > doing > > > so > > > > well? > > > > > > > > The answer? > > > > > > Internal demand from a booming middle > > > class…especially in India. > > > > > > Do you have some numbers to back that up? > > > India Inc’s hiring activity has increased > considerably since September last year and the > current recruitment level is one of the highest > globally, says a survey by international > recruitment firm Antal. > > The quarterly global survey asked more than 6,000 > firms in 30 countries that whether they were > hiring at managerial and professional level and > planned to do so in the coming quarter as well. > > As much as 71 per cent of Indian companies > surveyed said they were currently hiring compared > to around half in September, the survey revealed. > Nigeria (79 per cent) is the only country to have > a higher rate of hiring than India’s [Images]. > > “Confidence is back at its peak in the Indian job > markets, its happy days again for job seekers,” > Antal International managing partner Joseph > Devasia said. > > Further, the survey stated that Indian firms plan > on increasing their hiring activity even more, > with 78 per cent expecting to hire managerial > staff over the next three months. > > “Combined with a very low rate of letting people > go (16 per cent and set to drop by a further three > per cent) the results indicate a strong employment > market which is improving all the time,” the Antal > report noted about India. > > China and Pakistan also have high rates of hiring > at 71 per cent and 70 per cent, respectively. > > Although China predicts an increase in recruitment > activity, Pakistan forecasts a drop of 25 per > cent. > > “Manufacturing & auto sectors along with the > traditional IT, FMCG, pharma companies have ramped > up hiring, against what we witnessed in our > previous survey. Increased hiring indicates that > the need for exceptional talent is now ever more,” > Devasia added. > > Antal said that globally although a few countries > are still seeing a decline in the employment > market, the global picture has definitely improved > once again. > > “As a result we are already seeing the first clear > signs of organisations thinking in terms of the > ‘war for talent’ once more with more robust > businesses making early moves to snap up the best > people in their markets before general recovery > becomes too apparent,” Antal CEO Tony Goodwin > said. > > A Long-Term Prospect > > Most importantly, the quickly growing middle class > in India will continue to support strong internal > growth for the long-term future of India. The > middle class currently numbers about 50 million > people, but is expected to grow to 41 percent of > the population, or 583 million people, by 2025. > The McKinsey Global Institute expects that these > households will see their income increase 11 fold, > and total 58 percent of Indian income. > > The middle class currently spends the majority of > its income on necessities such as clothing and > food, which has led to strong growth in consumer > goods. In the upcoming decades, this growth will > shift more towards discretionary spending, as the > emerging middle class sees a large increase in > available income. Companies in India across all > sectors are catering towards these currently > low-income but relatively expanding, consumers. > > The fast growing middle class population will > continue to support internal growth within India, > and the growing wealth of this young population > will lead to a vast expansion in the private > sector, leaving ample opportunities for investors. So effectively you have a survey and a projection from McKinsey. Considering projections are shit and McKinsey garners about as much respect from me as a used car salesman, you’ve got nothing. China is a joke. It’s a demand economy that’s scrubbed the balance sheets of the banks several times, before they had an estimated $1.5TR in bad assets in the late 90’s they just “hid” to enable the banks to IPO. Now they have trillions more. The GDP numbers are a joke and the evidence of this fraud is so pervasive, yet nobody in the West recognizes it. There are entire cities vacant at this point. Malls, office buildings, and everything else is gone. Chinese people are going to build a chinese mall in the middle of Michigan. Why? Because their government is giving them free money to do so. Who do they think is going to shop there? The tens of thousands of Chinese people in the middle of die-hard America? This is akin to 1990s Japan writ large. India’s a bid different, in that it’s not a demand economy and is a lot more transparent. However, it has its own structural issues that prevent the growth the McKinsey toolbags project.