Word: delhi
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Satyam Infoway now claims 30 million page views a month, and its share price has doubled since the IndiaWorld purchase. The deal helped kick off an Internet frenzy among Indian entrepreneurs and financiers, which has been fanned by New Delhi's public commitment to develop India's information-technology sector. Dotcoms are sprouting across the country, spurred additionally by the entry of big international investment funds. Some Indian-born Silicon Valley programmers and engineers are finally coming home to put their skills to use. But Jain has been happy just to put his money in the bank...
Sachs, who will be jetting off to New Delhi this spring for an upcoming CMH meeting, said his colleagues will focus their two-year study on three main areas: possible economic benefits of health care investments, cost-effective intervention methods and the improvement of poor countries' access to medical technology...
...response to last year's Pakistani incursion onto the Indian side of the cease-fire line in the disputed territory of Kashmir marked something of a shift, in that the U.S. came down hard on its traditional ally and insisted that Pakistan withdraw. "Even then," says Rahman, "New Delhi's historical suspicion of American motives remains. India is riled by the fact that the U.S. won't treat it as a responsible nuclear power, and it deeply resents being viewed in the same category as Pakistan...
...Delhi's caution over trade and investment policy is the primary lock on an improvement in the U.S.-India relationship. "If the economic relationship had developed quickly, the strategic relationship would fall into place," says Rahman. "But India has been struggling to open its markets...
...however, the Washington-New Delhi courtship may remain like the English who vacated the government buildings in New Delhi: polite but disengaged...