If this really takes place, the asymmetric growth which has taken place in the economies of Andhra Pradesh and Karnataka will taper out, and the economies of the two States will reorient.
ADDED ON OCT. 21, 2009
Andhra Pradesh and Karnataka are experiencing loss of revenue from registration fees and value added tax. Reason: Slow expansion of IT units and stagnation in the salaries of IT employees, resulted in slow down of real estate business.
Thursday, August 2, 2007
#019 WILL FALL IN OUTSOURCING HURT INDIAN STATES?
According to a McKinsey Global survey, Corporate outsourcing from low price economies will fall and a Companies may source from the country in which the Companies' Head Quarters are located.
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