Netonomics: India Rising (Growth in Indian Internet Economy)

Netonomics: India Rising (Growth in Indian Internet Economy)

Shining Growth of Indian People in Global Markets

There is more to India than just its over-emphasized status of being the most populous democracy in the world. Random economic facts like India being the largest producer of milk, the largest consumer of sugar and spices as also the largest consumer of gold till last year, crop up now and then. But there have been achievements in the last few years which have put India on the world map. Over the last couple of years, India has been seen stamping its presence in the league of global leaders by the strength of its economic power. Consider these facts :

• The Tata Group is the largest manufacturing employer in the UK.
•  Ireland’s richest person - Pallonji Mistry - is an Indian.
•  Coal India is the single largest coal producer in the world.
•  India is the largest whisky manufacturer in the world.
•  The Taj Group is the largest chain of hotels in Asia.

 Despite a generous trickle of negative news, the list of these positives is also getting bigger. Household brand names such as Citigroup, Pepsi and Motorola are associated with an Indian CEO. Clearly, India has moved on from being a nation of snake charmers and appears to be on its way to become an economic power. The list includes, Nano, the cheapest car in the world from Tata Motors; Aakash, the cheapest tablet PC in the world, priced at $46; and other cheap tablet PC initiatives by private companies. Indian banks have only 2% bad loans versus 20% in China. In the mid-90s, on a representation made by Indian exporters, the government had removed the mandatory use of the ‘Made in India’ tag from goods exported. The law still exists on paper. Ostensibly, Indian exporters were embarrassed of using it then. But, today, no one is shying away from using the tag. Parachute is the world’s largest coconut oil brand. Bangalore has more Grade-A offices than Singapore. India is the largest diamond cutting and polishing centre in the world. Parle-G is the world’s largest selling biscuit brand. KEC is global leader in tower production capacity.

PlayStation 4 and Xbox 720 will be Lunched in 2012

Microsoft is actively working on a new home console, planning to show it off at E3, with integrated Kinect, more capabilities for media playback and a full digital distribution solution.

Similarly Sony is thought to be in the initial planning phase for the PlayStation 4, with plans to unveil it later during the year, perhaps at the Tokyo Games Show or Gamescom.

Sony is working on an upgrade for the PlayStation 3, with the Move built in and with support for three-dimensional games included. 

Both Microsoft and Sony are playing hide-and-seek with the player base and the observers of the industry about whether they plan to announce or introduce new hardware during this year.

How does It Effect Gaming World

A new generation of gaming hardware means that almost all developers and publishers enter a period of turmoil, learning to work with the new technology that is introduced and with the extra features (think touch screen, motion tracking and other attachments). This is both a threat and an opportunity for the average gamer.