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India Asian economy to overtake Europe by 2025: Mittal
Asian economy would overtake Europe by 2025, NASSCOM President Som Mittal said today. Speaking on the occasion of a two-day NASSCOM Product Conclave and Expo 2009 here, Mr Mittal said, the economy of the Asian countries, including Japan, would cross that of Europe by 2025. "Today IT spends in small and medium businesses more than that of fortune 500 companies," he added. The NASSCOM Chief said there would be no further talks on labour arbitrage and objections to outsourcing works to countries like India was over. "Larger growth would come from unchartered areas. It can be geographies, verticals such as SMB and healthcare,'' he added. Mr Mittal said there is ample scope for innovations and unless we emerge with new products, survival in the market would be difficult. Climate Change and Health care offers new avenues for entrepreneurs, he added. He said the entry of Multinationals in India would help in building infrastructure. Mr Mittal said the time is not far for small, medium and product distributors to introduce a new economic system. Garage Technology Ventures Managing Director Guy Kawasaki said, there is no good or bad time for an entrepreneur before investment. ''If one waits for global recession to end, he will be the great loser. This is the right time to invest and come out with new products,'' Mr Kawasaki added. As many as 1000 delegates from 650 companies were participating in the Conclave. -- (UNI) -- 27MC4.xml
Films from northeast take centrestage at Mumbai International Film Festival Shiv Sainiks vandalize cinema hall in Mumbai over Shah Rukh Khan\'s movie BJP elects Nitin Gadkari as its new chief India, Turkey discuss bilateral, regional and global issues Recuperating Vayalar Ravi to reach Chennai by a special aircraft Army chief releases joint operational doctrines Chidambaram asks Maoists to "abjure violence" India and Turkey jointly denounce terrorism
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