Jugdish Sheths talk

Jug Seth, an entertaining speaker and Emory professor,spoke about India's integration with the Global markets this week. It appears that the major areas of emerging opportunities in India will be in retail, Healthcare and wellness (gyms/salsa instructors?), Education and design. He also predicted that in ten years the Bangalore -Hyderabad corridor would be the aeronautics hub of the country with majors like Lockheed and Northrop Grumman. He pointed out how the fall of communism,aging population in the west, and economic pragmatism were forcing the developed countries to depend more on India , China and other BRIC countries. There are some interesting factoids on his website-
>The average net worth of a US factory worker is $250000 ! That means a programmer in Bangalore averaging 7 lakhs in wages(after taxes) would have to work for ten years to reach that economic level (assuming the remaining 100K is from interest).

>One in 4 first time births in the US results in a miscarriage. It appears that for years people do not want to have children, so when they finally want it the body cannot adapt.
>Italy and Spain have the lowest birthrate in Europe, Italy being 1.2 children per woman.
>Average age of a woman is 39 years in Sweden (?not sure about the country)

I checked another interesting statistic when looking at the Swedish population site- in 1950 there were 50,000 marriages and 9500 divorces. In 2005, there were 44000 marriages and 20,000 divorces. The sudden jump seems to have happened between 1970 and 1980 (from 12,000 to present levels). Thats the time when women started working in the West... so my prediction is that we will see the same change happen in India in this decade(2005-2015) - and this will happen more in the software,BPO professions which have larger number of women working.