When it comes to an entire country’s economy, a billion dollars ain’t much. But when it’s a wager it says volumes. And when the wagerers are Microsoft, Intel, Cisco et al, it’s a sign there’s a new paradigm. A hundred years ago it was not the norm that the average American could earn enough quickly to buy a car or get a higher education–that took decades. But thanks to information technologies India, China and other emerging markets are, well, emerging pretty darn fast. There’s still poverty in those places, but there’s also a thriving IT environment that is helping to change the world.
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SAN FRANCISCO, December 7, 2005 (PodTech News) – Microsoft says it will invest more a billion dollars in India. On Monday the chipmaker Intel said it would spend more than a billion dollars in the country. Microsoft’s benefit in India is access to less expensive labor from an educated workforce. But India’s IT economy is improving and the country is becoming an influential market. The world’s largest software maker has about 4,000 employees in India and plans to increase its workforce to 7,000 in three to four years. It’s part of an increase in investment in India that, according to a report from Reuters, will exceed a billion dollars.