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Showing posts from February, 2014

Sri Lanka Leads South Asia in Human and Economic Development

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Since the end of the civil war in 2009, Sri Lanka has been booming even as the rest of South Asia region has lagged.

Sri Lanka's per capita income has quintupled over the last two decades from about $700 to $3500, significantly outperforming all other South Asian economies. During the same period, Pakistan's per capita GDP has increased from $500 to $1300 while India's is up from $400 to $1400.


In addition to its high per capita GDP for the South Asia region, Sri Lanka has also excelled on Human Development Index (HDI), a key indicator of social development assessed each year by the United Nations Development Program (UNDP).

Sri Lanka has the fastest growing economy with the highest social indicators in South Asia region. Its economy grew at 7.2% last year and it is expected to post 8% growth this year. With a literacy rate of 91% and life expectancy of 76 years, the UNDP ranks it among countries with high human development. It has achieved this progress in spite of a 26-…

Japan Offers to Finance Modern Mass Transit System in Karachi

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Pakistan's federal government and Sindh provincial government are close to a deal with Japan International Cooperation Agency (JICA) to finance a modern mass transit system befitting the megacity of Karachi with a population of nearly 20 million, according to a Pakistani TV Channel.


The mass transit project will feature modern trains with automatic signalling and telecommunication system. An automatic train control (ATC) system will be set up. The train stations will feature computerized ticketing and vending machines, automated ticket gates and elevators. It will be run by Karachi Urban Transport Corporation (KUTC).

Project History:

The $2.5 billion project will revitalize and modernize the Karachi Circular Railway (KCR). Opened in 1964, the old KCR ran from Drigh Road in the outskirts to the center of the city of Karachi. It ceased operations in 1999 after it suffered huge losses.

Efforts to revive it began in 2005 with a feasibility study conducted by Japan External Trade Organi…

Indian GDP, Per Capita Income Decline in USD Terms in 2013-14

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Advance estimates by Indian Central Statistical Office (CSO) indicate that India's GDP for year 2013-14 is $1.7 trillion, down 9% from $1.87 trillion reported for the previous financial year. However, Indian economy has grown from Rs. 100.2 trillion in 2012-13 to Rs. 105.4 trillion in 2013-14 in terms of local currency.





CSO estimates India's economic growth rate in the current financial year at 4.9 per cent, a faster pace than in the previous year, mainly on an improved performance in the agriculture and allied sectors.

India's per capita income is estimated at Rs. 74,920 (US$ 1201) for the fiscal year ending on March 31, 2014, according to Indian media reports. It is up from Rs 68,757 in 2012-13 in Indian rupee terms, but down based on current USD exchange rates.

While India's growth has slowed a lot in recent years, the recent decline of Indian economy in USD terms is the result of  a sharp drop in the value of Indian currency against the US dollar. The Indian rupee …

Can India-born CEO Satya Nadella Save Microsoft in Post-PC Era?

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Microsoft, the world's largest software company, has named Satya Nardella, an Indian-American company veteran of 20 years, as its new CEO to replace its long-time leader and Bill Gates' pal Steve Ballmer. It's clearly a matter of great pride for not only his fellow Indian-Americans in the United States but also in India, Nadella's country of birth. I offer my sincere congratulations and best wishes to Mr. Nadella and his fellow Indians who are celebrating it as their own success. The question on everyone's mind now is whether he has what it takes to bring back the Wintel-era glory to Microsoft.

Wintel Era:

Wintel (Windows+Intel) represented the most successful period for Microsoft and its partner Intel when the two companies together made history with the personal computer revolution. Working for Intel as an engineer in 1980s and 1990s, I had a chance to work with both Microsoft and Intel executives to help bring about the PC revolution. Both companies offered pro…