WEF Regional Summits: India 2006

François Barrault - IT and Telecommunications: Time to think ahead.
The Indian economy's growth rate has averaged above 7% over the past three years, yet future expectations for growth are even higher. But, while much of India's growth (over 60%) comes from private sector spending, India still faces development challenges. For instance, agriculture contributes 25% of GDP while employing 70% of the population. So just how will India prepare its growing young population for new jobs, across other industries, which are required to drive growth?

BT attended the 22nd India Economic Summit in New Delhi in November 2006, which focussed on preparing India's growing young population to drive growth further forward. François Barrault, President, BT International, addressed the delegates at the summit on the topic of "IT and Telecommunications: Time to think ahead" and their future in India.

IT and Telecommunications: Time to think ahead
The biotech sector is expected to grow to US$5 billion and BPO export revenues to US$25 billion by 2010. But are these knowledge-driven industries risking too much on labour arbitrage at the expense of moving up the value-added ladder? Major multinationals are building new research and development centres in the country, but Indian firms spend less than 1% of their sales in R&D. How are the businesses built on India's brainpower possibly at risk at home and abroad? Which sectors are creating new value the fastest?

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• india
• economy
• economic
• summit
• it
• telecommunications
• biotech
• multinationals

[ksaivishwa1988]

cool man!!

[samelf]

Thankyou...