Indian Business Market

As I was travelling around during Diwali, I happened to know that one of my relatives is working for Honeywell contols at Chicago and it seems, has been trying to get back to India for quite sometime. To my surprise he has lost faith in getting a good break in India as he is not getting the job he needs after a try for like 5 years. That is in fact surprising in such a booming economy like India.

So, are the developments happening only in software & IT sectors in India? And as we can always hear now a days, are the Reliances & the Ambanis the only people from large cap & from sectors other than IT who are driving the Indian markets? May be it is true, because my relative revealed another truth that Honeywell has their development center at Madurai and not in any of the major IT hubs in India. And that is one of their primary strategies to reduce their costs. Everyday, many leaders in IT sector keep discussing about India not being an cheap labour place any longer, but the reality is still the IT jobs are being pushed into India to only reduce the costs.

Well, at the other end yet another relative was telling me how the textile market has always been on the boom. Most of the branded clothings at US can be seen to be made at Asian countries like Pakistan, India, Thailand & Indonesia. My relative is at one of the top posts at a factory meeting more than 40% of Victoria Secrets demands... How surprising - Those luxury lingerie niche market being catered by Limited Brands is mostly from India?